I have several baddies on my report (3 charge offs- all paid in full (dumb, I know)). I have $80k in student loans (current). Mortgage that is now current ($250k - high rate of 9.9% -thinking of refinancing). However, showing 2X 30days late b/c we made the payment on line and it did not post in time - any suggestions for getting that removed?? Two car loans - one $25k current never late, one $11k late several times but now current. One credit card current w/ a $2600 balance on $1,000 limit (depressing and part of the problem I know). We make good money $200k/yr so we have the ability to straighten all of this out and now that I am out of school, we have made a HUGE dent!! But now, once I pay this additional $2600 off - there will be nothing other than house and student loans and car to pay - all of which I don't mind making payments on and can easily afford! What do you do when you have paid all of the revolving debt down / off? Should I attempt to get a new credit card and use at 1-9% utilitization - a few? My credit scores suck now - EQ 513, TU 538, Exp 518 - I would like to get these up to mid-660's by April of next year? I just don't have any direction now? I have read that I should pay $300 or $400 on that credit car for a few months rather than all up front - any suggestions? There is so much informaiton on this website but I have spent 2 months reading and haven't taken a stance or adopted a strategy - can someone please just provide me some direction! I challenged just about everything I could on my credit reports and won on only 1 item - a checking account that was showing $27 charge off (I moved, thought it was closed) and I don't think it will make much of a difference. Teh rest, other than the mortgage that is showing late EVEN though I made the payment almost 4 days ahead of time, are all legitimate - I was irresponsible and broke and NOW oh NOW do I SUFFER! Glad I learned my lesson now, rather than later
And, I am so glad that I found this forum! My husband is in the mid 600's. He too, is trying to rebuild his schore.
And, I am so glad that I found this forum! My husband is in the mid 600's. He too, is trying to rebuild his schore.1.) Shoudl I pay the $2,600 down in sevearl months or all at once?
2.) Should I apply for a credit card, several credits cards?
3.) If so, where?
4.) Any other guidance or advice?
I have several baddies on my report (3 charge offs- all paid in full (dumb, I know)). I have $80k in student loans (current). Mortgage that is now current ($250k - high rate of 9.9% -thinking of refinancing). However, showing 2X 30days late b/c we made the payment on line and it did not post in time - any suggestions for getting that removed?? Two car loans - one $25k current never late, one $11k late several times but now current. One credit card current w/ a $2600 balance on $1,000 limit (depressing and part of the problem I know). We make good money $200k/yr so we have the ability to straighten all of this out and now that I am out of school, we have made a HUGE dent!! But now, once I pay this additional $2600 off - there will be nothing other than house and student loans and car to pay - all of which I don't mind making payments on and can easily afford! What do you do when you have paid all of the revolving debt down / off? Should I attempt to get a new credit card and use at 1-9% utilitization - a few? My credit scores suck now - EQ 513, TU 538, Exp 518 - I would like to get these up to mid-660's by April of next year? I just don't have any direction now? I have read that I should pay $300 or $400 on that credit car for a few months rather than all up front - any suggestions? There is so much informaiton on this website but I have spent 2 months reading and haven't taken a stance or adopted a strategy - can someone please just provide me some direction! I challenged just about everything I could on my credit reports and won on only 1 item - a checking account that was showing $27 charge off (I moved, thought it was closed) and I don't think it will make much of a difference. Teh rest, other than the mortgage that is showing late EVEN though I made the payment almost 4 days ahead of time, are all legitimate - I was irresponsible and broke and NOW oh NOW do I SUFFER! Glad I learned my lesson now, rather than later
And, I am so glad that I found this forum! My husband is in the mid 600's. He too, is trying to rebuild his schore.
And, I am so glad that I found this forum! My husband is in the mid 600's. He too, is trying to rebuild his schore.1.) Shoudl I pay the $2,600 down in sevearl months or all at once?
2.) Should I apply for a credit card, several credits cards?
3.) If so, where?
4.) Any other guidance or advice?
Well you do have alot, but dont worry because as long as you stay current and on TIME with everything else then it will work out. To answer your questions, paying down the revolving debt would be a good idea and just charge lil small things on it over time and pay those off, so they can see you are current and active with the card......Applying for one new card may help you like say an Orchard Card but then I wouldnt want you to take the hit for the inquiry if you dont get approved....I really wish it was more to say but overall you just have to stay current and on time with all payments even if you have to pay a week or two in advance, that way you always know the payment will get there on time.