NEED ADVICE PLEASE HELP!!!!!!! EXTREMELY LOST

[terrymurph]

I NEED HELP WITH MY TRYING TO GET MY SCORES UP EVEN AFTER I GET A HANDLE ON MY UTIL WHICH IS ABOUT 80%. NEED TO KNOW IF YOU GUYS HAVE ANY SUGGESTIONS. HAVEN'T APPLIED FOR CREDIT WITHIN THE LAST 2 YEARS. SO THERE ARE NO INQ SHOWING ON EITHER TRANS OR EQ. HERE'S A PICTURE OF MY CREDIT PROFILE.

CARD                         CL                      BAL                    AGE

JC PENNY                1650.00               11000.00               5YRS

ASPEN MATER         1000.00               800.00                  2YRS

HSBC ORCHARD        300.00                0.00                     1YRS

AES STU LOAN        n/A                      2102.00                 5YRS (BOUGHT  FROM ANOTHER COMPANY ORIGINAL CLOSED WITH 0 BALANCE) ORIGINAL IS ONLY SHOWING ON TU AND EX.

DIR STU LOAN          n/A                     2625.00                 6YRS

BUCKLE CARD         300                     0 CLOSED             5YRS CLOSED IN APR. 2005

EXPRESS CARD       200                     0 CLOSED             5YRS CLOSED IN APR 2005

1ST FINANCIAL BANK CO                    1971.00                 CHARGED OFF IN NOV 2006(ONLY BADDIE)

ANY ADVICE ON THIS IM ALREADY GETTING MY UTIL DOWN BUT EVEN THEN THE  SIMULATOR SAYS MY TRANS WILL BE BETWEEN 695-735 AND EQ WILL BE 672-712. IS THE 700+ SCORE ONLY IF I WAIT 2 YRS AND THE 600+ SCORE WHAT I WILL RECEIVE AS OF NOW WHEN I GET MY UTIL UNDER 10%. ALL SUGGESTIONS AND IDEAS WELCOME PLEASE HELP ME. I NEED IT. TRYING DESPERATELY TO GET IN THE 700 CLUB. 

[terrymurph]

SOMEBODY, ANYBODY PLEASE. LOL IM BEGGING!!!!! DO I NEED MORE CC, LOANS, HIGHER LIMITS OR JUST STAY AS I AM AND PAY IT DOWN. ANYTHING IS HELPFUL. DON'T BE SHY

[MarineVietVet]

I do have one question. On your JC Penney card you have listed a CL of 1650.00 and a balance of 11000.00. I hope that is a typo?

Time can heal all wounds and a low FICO. 

[terrymurph]

This is def a typo i meant 1100.00 Lol sorry bout the error.

[MarineVietVet]

Well I'll let the experts give the real advice but your util is definitely hurting you. Your overall util for the 3 open cards is 1900/2950 = 64%. The individual util on the cards with balances are 1100/1650 = 67% and 800/1000 = 80%. Just getting those down as fast as possible will help alot. I'm not real keen on applying for credit just to say you applied but since you haven't done so in 2 years then perhaps another card or two wouldn't hurt and would help to lower your overall util. I'm sure the "gurus" will be along to give detailed advice.

That CO is hurting also but since I'm still learning about how to handle those I'll let others advise.

7/09
TU-742
EQ-779

Time can heal all wounds and a low FICO. 

[Anonymous]

You already know to lower your utility.  Get it to under 3% for best results.

The only other thing you could do is get the CO off.  If it is your only baddie then it is significantly hurting your score.  Offer a PFD if you can.  Just paying it will have no effect.

[terrymurph]

I have tried to offer them a pfd and they have told me no. I've got a list of their company heirachy ceo, vp, and pres. So im going to shoot them all a pfd letter and email if i can get my hands on their personal emails.

[terrymurph]

I Should wait to get my utilization down before i apply for new cards right. And i've been pretty nervous about apping with CO still on fico report. I dont wanna get declined.

[Anonymous]

Yes, repair your existing credit before trying to get more.

[nothingman02]

OP, you dont have to wait for 2 years. If you bring your UTL down, 1-9%, Id say your scores will hit 700 immediately (as soon as they CRA are updated). If I dont need credit, I will work on the CO before apping.