Rebuilding credit...

[Anonymous]

Hi I currently have a TU 570 and EQ 537 Source: Creditkarma. I have about $11,000 in debt one being a repo.

I have 

Wells Fargo secured: $300 limit, 25% util.

CapitalOne Platinum: $300 limit, 15% util

Kohls retail: $300, 28% util.

Im also looking to trade in my car for a newer one I have 3 months left on the loan it was $10,000 (my wifes car is now unreliable) I am paying on my repo of $8,000 auto

So my question is, what should be my next move? Just a year ago my credit score were high 400's

[tufa4311]

Please share more info - what else is on your credit report? Do you have any lates, any BK, any collections, etc. We'll need to full picture.

[takeshi74]

---

@Anonymous wrote:

Hi I currently have a TU 570 and EQ 537 Source: Creditkarma.

---

Keep in mind that Credit Karma's scores are only relevant to creditors that use the VantageScores that CK provides.  Most creditors use a FICO model.  You cannot use a score generated by one model to determine a score generated by another model.  If you want to know what a creditor will pull for you then you need to know the model and CRA that they use and then go pull that score.

---

@Anonymous wrote:

So my question is, what should be my next move? Just a year ago my credit score were high 400's

---

First suggestion is to always address derogs as they tend to have a major impact and hold one's scores down as long as they're on reports.  Hit the Rebuilding subforum and carefully research.

[Anonymous]

Thanks Takeshi74 for the great advice!!

[Anonymous]

I have 1 late payment with a charge account, I called them to see if they can remove the negative remark (late payment). Cant I get it removed? I have 2 accounts in collections ($682) I used to have 6, I do have a lot of inquiries however - 48, I have 28 falling off this year.

Wells Fargo - $200

Cap1 Platinum - $800 increasing to $1,000 at end of January

Just got approved for Cap1 Quicksilver - $500

Repo I'm paying - $7,650

Current Auto - $4,100