This happened to me about 5 Years ago. When I finally got finished with the "Career Change" I decided on ($90k a year to $19k a year, so worth the stress free life) I started working on my credit. Of course I had a CR about 4 pages long with countless collections, charge-offs, Judgements just a ridiculouse number of accounts default (but again so worth the stress free life).
I knew it would take YEARS to fix my credit so I started plugging away, found several account listed twice, one was even listed 4 times by same CA. Filed online disputes with TU and EX (I skipped EQ because the needed letters and didn't have the time to write letters). Within 2 months TU deleted my entire credit history, EX did the same. I called EQ and disputed over the phone, and again entire Credit history was deleted but ended up changing my birth year to 10 years earlier (Probably felt how eshausted I was and thought I had age 10 years just on that one phone call, lol) but that's fixed now as well.
It sucked because I lost really good old accounts through the process (some if still there would be 18 yrs old), but I just kept my mouth shut and lived with it. I tryed calling my old creditors to have them report the good ones again but I haven't had success. I acepted it and now 5 years later, I had a few Judgments from 2 years ago pop-up (didn't know SOL rules and didn't show up to court), but I'm sitting on a FICO that ranges from 620-688 depending on the day of the week 
Sorry if I hijacked your thread, but my point was I haven't had sucess having old good TL's added back to CR........
Starting from scratch can build credit faster then waiting 7 years with mistakes. Start applying for cc's. Since you have nothing.... basically a blank report, my opinion is, more the better. In your case not anyone else, if you get 1 card your average age will be 1. If you get 20 your average will still be 1. Inq's will drop off after 2 years. If you have the time to wait 12 months for a decent credit score, apply for every credit card you can get even secured over the next 6 months. The faster you build your history the better it will be in 1-2 years. Might as well take the hit now while you don't have much to loose.
This ONLY applies if your credit report is empty. Starting from scratch. Just my opinion.
This ONLY applies if your credit report is empty. Starting from scratch. Just my opinion.
That's exactly what I did. EVERYTHING dropped and I just started over like I was 18 again, but I had the atvantage of being a little more Financialy responsible. Only thing "To many new accounts", "limited account history" is my problem now...instead of "Too many lates", Or "Too Many Collections"..
I'd personally rather have no credit than bad credit! Just do like the others said, start with small cards/dept cards and build yourself up! Have fun, you got another chance, run with it baby!!!
Yea, too many right now is actually a good thing. You won't see that after 12 months followed by a big score jump.
You won't see that after 12 months followed by a big score jump.