Look @ my UGLY credit report. I need advice!!! 468 FICO

[Anonymous]

wells fargo has a red flag for one 30 day late.  If Cap1 likes to sue, i think i will go ahead and pay that one, maybe they will offer me another card once i pay it?   amex is revolving and is totally screwing my credit.  I could wait 3 years and it would just drop off, but that is quite a wait.. hopefully they will take a low settlement, i would think they would be happy to get anything considering SoL.  And at least at this point i dont care if they black list me

I will GW oklahoma employees CU to death, but do you think i should wait at least until 6mo. or so of paying on time?

I plan on pulling my other reports in a month or 2 as soon as my 2 new cards post.  I looked at TU a few weeks ago it was 498.

Message Edited by fender on 04-27-2008 09:34 AM

Message Edited by fender on 04-27-2008 09:38 AM

[llecs]

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fender wrote:

wells fargo has a red flag for one 30 day late.  If Cap1 likes to sue, i think i will go ahead and pay that one, maybe they will offer me another card once i pay it?   amex is revolving and is totally screwing my credit.  I could wait 3 years and it would just drop off, but that is quite a wait.. hopefully they will take a low settlement, i would think they would be happy to get anything considering SoL.  And at least at this point i dont care if they black list me

I will GW oklahoma employees CU to death, but do you think i should wait at least until 6mo. or so of paying on time?

Message Edited by fender on 04-27-2008 09:34 AM

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I'd GW WF. Heck, its only a stamp. If you have nothing pressing, like a new home, car, cc, then wait on the GW to the CU. Look around for info on an Amex rehab. I don't know details. Try posting in the CC section.

Good luck.

[Anonymous]

got a home and a pretty new car, nothing pressing.. I will wait on it as you say.  I am going to get some gw letters flowing, hopefully bestbuy and the other hsbc will be nice!  Thanks for all your input.  I hope I can dig myself out of this hole, i dont like the fact that 99% of americans have better credit than me!  OUCH!  Crazy thing is, i got my car 2 years ago at 6% interest, wonder what my credit score was then!? 

[Anonymous]

I believe Amex's rehab program is called "Oasis". Do a search on this forum for it.

[Anonymous]

One more question, like i stated earlier, i got approved for a continental finance card $300 CL (horrible fees for my horrible credit, bit the bullet and payed it to $0), Orchard card $300 CL (pretty decent card!!), and Crown jewlers $1500 CL.  Also im hoping i get the firestone card.  Im assuming these cards, in combination with getting my oklahoma employees CU account up to date, and paying off cap1 will help my score. 

I plan on waiting for a higher score, before applying for more credit (so hopefully i can get sub-prime cards LOL).  Is this a good idea, or should i try for more credit now?

[llecs]

I bet if you hammered repair you'd hit 650 easy. Focus on repair and don't app for any new credit. Adding accounts now would drop your score anyway. You have the right mix, you just need the baddies to go away. Besides, you are very much limited on what you'd get.