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My journey rebuilding credit.

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New Contributor

My journey rebuilding credit.

 

I'm a 31 year old who until Oct had no idea how to credit worked. In the last 10 years I've my highest score has been 669 on all 3 some way I always forgot to pay something on time. Well after my divorce and getting remaried, two businesses  and wanting to purchase a new home I figured I get a hold of this credit thing.

Oct,16. Fico 8 scores where EQ 622 / TU 612 / EX 598.

On my report I have Wells fargo Account 20 years old that I was authorized in how ever my father passed away so it hasn't been in use since 2008.
AAoA is 2.1 Years
16 Student loans totaling $63k in debt. Still going to school. No more student loans.
Car loan with Toyota
CC:
American Express Platinum
Military Star Card $1000.00 GP $500 Uniforms
Military Take it Home Card $1100 CL
CAP 1 Platinum $1500.00
SnapOn Tools: $4,322.45
Matco Tools: $6,793.12

Baddies
Military Star Card: (2) 30 days   11/12 - 09/15
Take it Home Card: (3) 30 days  03/10 - 08/12 -02/16
Cap 1: (1) 30 Day 10/13
Matco Tools: 30-60-90-120 (5) 30 days All in 2015
Collection Agency $105 for EOS Fitness all 3 CB

Plan of Action.
Disputed all accounts for accuracy. 10,11,12/2016. Collection Agency fell off all 3 CB. Capital One Deleted 30 day late. All other accounts reported as accurate.

Paid down, Current Balance:
Matco Tools to $1584.23
SnapOn Tools: Paid Off
Take it home Card Paid Off and closed. Card Discontinued.
Military Star Card Paid to: $300
Cap 1 Platium to $200.00

Scores inproved in Dec. EQ 663 TU 680 EX 661

App Spree in Dec and Results.

Amazon Prime Store Card: $800
Walmart Store Card $800
THD $500
CAP QS: $2000
Discover IT Chrome SC: $1000.00
Citi Diamond Secured: $200.00
Cap 1 Plat: CLI to $1750.00
NFCU CLOC: $500.00
NFCU Debt Consolidation Loan: $8000.00
NFCU Cash Rewards Visa: $22,100.00

Denied:
Merril Lynch : Said What the heck lol
Marvel Synch.
Cap 1 Venture.
AMEX BCE
Amex Gold Business: Business to new.

In Recon as of 12/31
Simplycash Amex Business.

GW Letters sent out: 1/7/2016
Matco Tools CEO
Military Star Card Credit Services.

On regard to the Student Loans since my medical condition has gotten worse, I've applied for Permanent Disability thorugh the VA and should have a responce in less than 4 months. If 100% rating is given I will apply to get the student loans discharged without the 3 year waiting period.

Thanks to everyone who has helped along the way and the knowledge on this forum is Amazing!

Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
Message 1 of 5
4 REPLIES 4
New Contributor

Re: My journey rebuilding credit.

Update***

I received a call from a Finance manager at Matco Tools and they offered to PFD I paid on the spot online, she confirmed and informed me she would send a letter with the PFD and the payment off. She said to wait 30-60 days before it falls off.

No news on the other GW letters.

Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
Message 2 of 5
New Contributor

Re: My journey rebuilding credit.

Update** As of Jan 14 Matco Tools has been deleted from my credit report. 40+ points across the board.

Amex Plat | Business Amex Plat | NFCU Cash Rewards $22,100 | Discover iT $1,000 | Capital One Plat $1750 | Capital One Quicksilver $2000 | Walmart SC $5000 | Amazon SC $4000 | Military Star Card $1750 NFCU CLOC $500 | NFCU PL $7500 |
Message 3 of 5
Valued Contributor

Re: My journey rebuilding credit.

Good work, congrats !  Be careful going forward with your INQ's.  Get in the Garden and work with what youve obtained.  You'll be where you want to be in no time. 

NFCU Visa 25k | Cap1 QS 11K | Cap1 QS 10.5K | Barclay Apple Rwds 9k | Amex AU 20k | Citi AU 10k | Delta Amex 5k | CFNA FS 3200 | VS 1200 | Car Loan 10/14 |
Message 4 of 5
Regular Contributor

Re: My journey rebuilding credit.

You're off to quite an amazing start! Wishing you much sucess on your journey Smiley Very Happy


Hyatt $15.5k Disco It $3.3k Barclay $1.85k QS WM $2.1k AMEX ED $2k FNBO $2.8k AMEX DG $1k AMEX SPG $2k AMEX DR $3.1k AMEX HH $3.1k Lowes $17k Belk $8k WalMart $8k VS $5.4k Buckle $4.25k GameStop $3k
Starting Score: EQ 631 TU 677 EX 639
Current Score: EQ 650 TU 681 EX 664
Goal Score: 670 across the board


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Message 5 of 5
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