topic Re: 560 fico8? in Rebuilding Your Credit

560 fico8?

hoang817 — Sun, 16 Jul 2023 00:07:50 GMT

look at my score ingredents should the score be more than just 560?

Re: 560 fico8?

Jnbmom — Sun, 16 Jul 2023 08:39:56 GMT

You have to list your profile . What cards do you have ? Lates , negatives? Utilization ?

We can't advise on just that .

Re: 560 fico8?

FriendshipSoft — Sun, 16 Jul 2023 01:55:37 GMT

Give us all of the info and don't hold back . Everyone here wants to help

Re: 560 fico8?

GZG — Sun, 16 Jul 2023 03:48:39 GMT

@hoang817 wrote:
look at my score ingredents should the score be more than just 560?

you likely are missing up to 150 points between the first two categories, so it's about right

'fair' is just the nice way of putting "you didn't pay people back before and you currently owe a lot of money"

but if you do pay off what you owe, it's not unreasonable to get back up to 650-700 with time, it will help if you tell us what's on your report so people can provide more specific advice

Re: 560 fico8?

Ceewin — Sun, 16 Jul 2023 14:43:32 GMT

@hoang817 wrote:
look at my score ingredents should the score be more than just 560?

Along with listing what was requested in the previous responses, click "View Key Factors" and post a screen shot of that. It should show what hurting/helping your score and this forum will take it a step further with suggestions on how the resolve the "hurtful" ones. Good Luck!!

Re: 560 fico8?

IamWesty12 — Sun, 16 Jul 2023 15:12:24 GMT

@Ceewin wrote:

@hoang817 wrote:
look at my score ingredents should the score be more than just 560?

Along with listing what was requested in the previous responses, click "View Key Factors" and post a screen shot of that. It should show what hurting/helping your score and this forum will take it a step further with suggestions on how the resolve the "hurtful" ones. Good Luck!!

@Ceewin @hoang817 beat me to the punch.....that was what I was going to mention. Sometimes this can be helpful to understand what they mention or don't mention here. The smart peeps here will give you sound advice but just a bit more info is needed from you before a solid plan can follow.

Re: 560 fico8?

7774x — Sun, 16 Jul 2023 19:32:23 GMT

@IamWesty12 wrote:
@Ceewin wrote:

@hoang817 wrote:
look at my score ingredents should the score be more than just 560?

Along with listing what was requested in the previous responses, click "View Key Factors" and post a screen shot of that. It should show what hurting/helping your score and this forum will take it a step further with suggestions on how the resolve the "hurtful" ones. Good Luck!!
@Ceewin @hoang817 beat me to the punch.....that was what I was going to mention. Sometimes this can be helpful to understand what they mention or don't mention here. The smart peeps here will give you sound advice but just a bit more info is needed from you before a solid plan can follow.

Payment history says it all "Fair" .....also showed on my CR couple years ago .... had COs & Collections.... took awhile to climb out of the Fico 500s . but now ....788 , from 489 low

Re: 560 fico8?

hoang817 — Tue, 18 Jul 2023 14:10:35 GMT

these are my negative accounts

Re: 560 fico8?

Blender — Tue, 18 Jul 2023 15:27:45 GMT

4 charge offs, 3 collections, a reposession, and some legal matter. 560 is absolutley a reasonable score given those factors.

Re: 560 fico8?

hoang817 — Tue, 18 Jul 2023 18:02:17 GMT

my sister just added me to an authorized user of a chase credit card for $17000 and she used 2%. is it going to be good or bad? equifax just pumped me up 60pts, transunion did not make a move . still waiting for experian to updates.

Re: 560 fico8?

GZG — Tue, 18 Jul 2023 18:22:34 GMT

@hoang817 wrote:
my sister just added me to an authorized user of a chase credit card for $17000 and she used 2%. is it going to be good or bad? equifax just pumped me up 60pts, transunion did not make a move . still waiting for experian to updates.

nothing is really going to 'help' until you start paying these people off and getting the balances down to $0, you can't fix owing people money by adding AU accounts

midland and resurgent will remove their collection accounts when you settle with them, so see how much it would cost to settle in full with them and do it in one payment.

the neighborhood credit union account is only a few hundred dollars, pay it in full or see if they will settle in full.

contact opensky and premier, see how much it will cost to settle in full

contact ncb and see how much it will cost to settle in full

then contact drivetime and offer to settle in full and see how much they want