Introduction and What step do I take?

[Anonymous]

Hi all, been lurking on this site for about a month and joined this week. A lot of great info around here and it's really helped already. 

My short story:

THE BAD

Owned my own biz for several years until the recession of 2008. I lost my shirt in the crash. 

Foreclosure Chase Oct 2008 

charged off BoA cc - settled this summer

charged off chase cc - they just sent me a very fair offer to settle which I plan to take 

tax lien - currently in offer and compromise waiting period

THE GOOD:

Paypal - Synch bank $500 approved 12/13

Credit One $650 approved 7/14

Cap One Plat $750 app 6/14

Merrick bank $700 app 9/14

Cap one QS1 $3000 app 10/14

walmart store card $1100 app 11/14

bestbuy $1000 app 11/14

Do I wait and garden for 6 months? Or....what say you?

[js0319]

What are your goals? What are you trying to do? This will help determine the type of feedback and direction you'll get. 

[Anonymous]

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@Anonymous wrote:

Hi all, been lurking on this site for about a month and joined this week. A lot of great info around here and it's really helped already. 

My short story:

THE BAD

Owned my own biz for several years until the recession of 2008. I lost my shirt in the crash. 

Foreclosure Chase Oct 2008 

charged off BoA cc - settled this summer

charged off chase cc - they just sent me a very fair offer to settle which I plan to take 

tax lien - currently in offer and compromise waiting period

THE GOOD:

Paypal - Synch bank $500 approved 12/13

Credit One $650 approved 7/14

Cap One Plat $750 app 6/14

Merrick bank $700 app 9/14

Cap one QS1 $3000 app 10/14

walmart store card $1100 app 11/14

bestbuy $1000 app 11/14

Do I wait and garden for 6 months? Or....what say you?

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Garden. Now.

[Anonymous]

Duh....sorry

eqfax- 657

TU- 653

Exp - 641

Overall goal is to get this tax lien cleared up and get my scores back above 700, so I can rate shop for a mortgage. Hopefully in 12 months or less. 

[Anonymous]

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@Anonymous wrote:

Duh....sorry

eqfax- 657

TU- 653

Exp - 641

Overall goal is to get this tax lien cleared up and get my scores back above 700, so I can rate shop for a mortgage. Hopefully in 12 months or less. 

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I'd still not app for anything right now. Nothing good will come of it.

[Anonymous]

Yeah, that's kind of where I was in my mind. I don't really need any certain cc. All combined my balances are less than $500. I could pay that off tomorrow, I'm just trying to show use for CLI down the road. 

Can anyone give me an idea of when to start requesting CLI, based on when I got these cards?

thanks

[Anonymous]

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@Anonymous wrote:

Yeah, that's kind of where I was in my mind. I don't really need any certain cc. All combined my balances are less than $500. I could pay that off tomorrow, I'm just trying to show use for CLI down the road. 

Can anyone give me an idea of when to start requesting CLI, based on when I got these cards?

thanks

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3-8 months.

[elim]

garden / remove negatives

[uswala]

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@elim wrote:

garden / remove negatives

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+1

[Creditaddict]

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@Anonymous wrote:

Hi all, been lurking on this site for about a month and joined this week. A lot of great info around here and it's really helped already. 

x lien - currently in offer and compromise waiting period

THE GOOD:

Paypal - Synch bank $500 approved 12/13

Credit One $650 approved 7/14

Cap One Plat $750 app 6/14

Merrick bank $700 app 9/14

Cap one QS1 $3000 app 10/14

walmart store card $1100 app 11/14

bestbuy $1000 app 11/14

Do I wait and garden for 6 months? Or....what say you?

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1. Close Credit One - know you just got it but you don't need it and you pay monthly for it and yearly... get rid of it now!

2. I might apply to Discover before you head to the garden - they sometimes really like the profile thats been messed up in the past but on the road to good but doesn't have a ton of credit yet.

3. request CLI on paypal monthly until you get one... when you get one reset the clock for 4 months to request again.

4. Walmart try the chat feature NOW (it appears during business hours) and ask for a CLI to $5k) if they say no then request cli at 4 months.