Recommended next steps?

Anonymous · ‎06-03-2008

If anyone would like to take a look at my situation and offer their insight it would be greatly appreciated. I’ve been reading the board for about a month now and have learned a ton. I’ve followed the steps suggested and am at the point where I wonder, now what?

I sent PFB goodwill to Cap1 with no luck, then mailed a goodwill letter. I’m in the middle of Whychat’s process to get that collection removed. So that takes care of the baddies, hopefully! I applied for two new cards the Discover and the Amex. I tried to get a CLI with BOA and no luck. I’m looking to get my score up there, of course aren’t we all. I’m not sure of the next step to take. Should I just wait and see? Is there something I can do to help this along? Any suggestions would be appreciated.

FICO: 635

TU: 762

EXP: 708

EQU: 662

Discover: 0/3800 6/2008

Amex: 0/1000 5/2008

HSBC Household: 0/1000 8/2006

HSBC Orchard: 0/1000 8/2006

HSBC Kawasaki: 0/8000 11/2004

BOA: 0/1800 4/2002

Cap1 0/1400: 5/2001

BOA 1900/5000: 1/2008

Grow FCU Auto 5000 bal

Student Loan 5000 bal

Student Loan 2000 bal

Store Charges: TireKingdom, NYCO, VS, AE all zero balance/800, 300, 750, 250 limits respectively

Now for the baddies:

Paid medical collection $36

Cap1 30 late 6/2005

Cap 1 60 late 12/2005

athensguy · ‎06-03-2008

Pay down your BoA card to below $500, but remember to leave a balance <10% reporting on at least one card.

Make sure that your $0 balance cards aren't going inactive or getting canceled through lack of use if you want to keep them alive.

Call Discover, BoA, and Amex to ask for CLIs.

Use the Whychat HIPAA dispute on your medical collection, if that is possible. I am not entirely sure, since it has been paid. I think HappyDays is knowledgeable about that process.

Send goodwill letters to Capital One.

Message Edited by erchambers on 06-03-2008 11:06 AM

Anonymous · ‎06-03-2008

Thanks for your suggestions.

Does logging onto the accounts online keep them active at all or do I have to charge and then pay off? How often must I use them?

Thanks again!

athensguy · ‎06-03-2008

You have to use them occasionally. BoA doesn't report a payment, at least for me, if there is no payment due. The others, you just need to use them at least once every 3-6 months. Otherwise they can go inactive, or even be closed. The store cards will probably last longer before they get closed.