HHHHEEELLLPPPPP

[newmom24]

I am sooooooo confused!! I disputed a few accounts on my report. The results:

One account was deleted. Three accounts had late payments removed, and my score is still 477. I have a revolving credit card balances of 2010 dollars. The simulator says if I pay that balance my score may increase to 507 - 537. Please help with recommendations on how to improve this score FAST

Victoria secret - bad debt collection - balance 190.00 no lates

Spiegal - bad debt collection - balance 642 ... DOL 12/03

Mastercard 464 balance - cl 500 revolving

Orchard 389 - cl 300 - revolving

Verizon collection 324 - revolving-

Kaplan Univ Collection 3911 -collection

Verizon Online 96 - collection

My New Year will consist of improving my credit, and I need all the help I can get....

Thanks

[Red1Blue]

Hi newmom, welcome to the forum. As per the revolving debt if you  were to bring it down under 10% of your CLI. Your scores would go up. As per the collection accounts you can try to get them removed from your CR by making a PFD arrangment with the Creditor ( PFD stands for Paid for Delete)

[newmom24]

Concorduser,

Thanks for the advice. I've attempted the PFD with the collection accounts and have had no luck. I've sent 7. I disputed the accounts through the EQ and they updated the payment history to no lates. I am going to continue the PFD ...

As far as the revolving - when you say utl less than 10% is that of each cards credit limit or is that under 10% of the revolving balance.

thanks

[Red1Blue]

As far as the util, it is for both. Individual account and for the total CL of accounts. Again this is only when you are planning on applying for a new loan or credit card. Other wise it does not matter. A month or two before you apply for new loan or card bring down your balances and your scores will go up. Also keep in mind your score will take a hit based on the number of inquiries and number of new accounts temporarily and the score will go back again once the accounts start aging.

If the PFD does not work then go for DV and at the same time dispute with CRA also.

[AndySoCal]

One thing that would help is to get the orchard card balance below the credit limit. Secondly how recent are the collections ( when were they opened at the collection agency)  ? Have tried to talk to orginal creditor  about the debt?  One appraoch would be is to offer payment in full for pulling the account back from the collection agency.( providing this a third pary collection account.)

[laz98]

repairing your credit sometimes takes time.  don't be in a hurry to get long-lasting results.