finally out of debt management(care one)

[ppiresny]

so i just scheduled my last payment through care one. i am finishig the program 3 years early. how long should i wait before applying for new credit, 30-60days?

my score on EQ here is 694,10% util, length of history 6 yts, AAOA 3.2 yrs and last account opened 1 yr and 5 mths ago. I would like to get an AMEX as my next card, prolly the gold or zync. how would i look in their eyes finishing a program 3 years early?

[castlefox]

Congratz finishing your debt management program.  !!!!

Do you have any lates?  What are their dates? 

[ppiresny]

I have a few lates for Cap1(May 2010 30 day) Chase Freedom (3 months late cuz of this program Jun 2010-Aug 2010) and Barclays( still open but late from Jun 2010).

I will be calling them to try to goodwill these accounts and remove the lates and possibly keep my freedomg and cap 1 open.

However i rlly want to get my foot in the door with AMEX and I have been using my debit card and cash for purchases for the last 2 years and its about time I earn some sort of cash back or rewards for my spending. These accounts are now paid off in full to $0.

[castlefox]

I am not sure how Amex usually reponds to a few lates.

Good luck with getting them to goodwill some of those lates

Are the scores you listed in your signature myFICO scores?

[ppiresny]

Yes they are Myfico scores from here. Macys removed my lates from 2010, I will be calling the others for goodwill. I hope I get lucky. Macys did it in 20 seconds on the phone it was fast and easy and I have the letter from them.

[Anonymous]

Congratulations!!!! I will wait at least 3 month before applying for any credit cards or credit products. Make sure all your reports indicate that your accounts are paid as agreed and the comment "account being managed by a credit counselor" is removed. If the creditor refuses to remove the comment don't worry about it does not affect your credit score. I will stay away from Amex though I was denied for their zync card and the only reason was accounts being managed by credit counseling.

[ppiresny]

WOW really man? they deny because of that? even though i finished 3 years early? 9800$ debt 2 yrs ago to none as of today. I havent shopped for a new shirt/tie since then and I work in a corporate owned store, its been very hard but i just wanted to get out the program,,thought it would help.

[marty56]

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@Anonymous wrote:
Congratulations!!!! I will wait at least 3 month before applying for any credit cards or credit products. Make sure all your reports indicate that your accounts are paid as agreed and the comment "account being managed by a credit counselor" is removed. If the creditor refuses to remove the comment don't worry about it does not affect your credit score. I will stay away from Amex though I was denied for their zync card and the only reason was accounts being managed by credit counseling.

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I still have that comment on all the CCs that I had in DMP and no lender has cared about it since DMP.

IMHO I would leave it be since you don't good TLs delete from your CR and if the account is still open, you don't want it closed. 

[LS2982]

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@ppiresny wrote:

I have a few lates for Cap1(May 2010 30 day) Chase Freedom (3 months late cuz of this program Jun 2010-Aug 2010) and Barclays( still open but late from Jun 2010).

I will be calling them to try to goodwill these accounts and remove the lates and possibly keep my freedomg and cap 1 open.

However i rlly want to get my foot in the door with AMEX and I have been using my debit card and cash for purchases for the last 2 years and its about time I earn some sort of cash back or rewards for my spending. These accounts are now paid off in full to $0.

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AMEX would more than likely decline for too many recent lates. I'd give it another 6 months and go for it then!!