@leviant0107 wrote:Hello all, well recently I was married in July of 2021 and welcomed a brand new baby boy in February of this year. I have a better than decent job (post office mechanic) and am looking into a few investments as well (I currently have a fixer upper I'm in the midst of renovating).
I've been aware of the importance of credit for quite a while but haven't made a big point of putting importance on it in my own life, until my wife wanted a house...and a new car lol. Amongst other things I'm aware my desire to be an investor in real estate among other things would probably be better served if I was a reliable creditor for those purposes.
I have several credit cards which are way past the reasonable or desired usage limit (10%) so I know to that end what I need to be doing, as well as have several loan building programs (Kikoff, Self, Kovo etc). You only need 1 loan reporting. More loans doesnt mean higher scores. I was hoping to get some more insight concerning other derogatory information on my report and maybe a bit of advice on how to clean up a few of these things or get them resolved in general, the best way to go about it at least. Any and all help would be greatly appreciated thank you much guys.
Experian
Several incorrect names including ones with the middle name “N” or “NA” and none with my suffix of “II”. Several incorrect addresses or addresses I no longer live. Several cell phone numbers I no longer use
Negative Information:
GMFinancial Account charged off, $0 writte off When?
BMG Money Inc Account charged off. $155 Jul 2021
Discover Bank Account Charged off. $303 Past Due. When?
Feb-Retail Closed. $1223 CO. Purchased by another lender When?
Webbank Closed. $426 CO. When?
Feb-Retail (Closed) Charge Off Amount? When?
Any CO that isnt settled or paid will hurt until its $0 balance. It counts against your util %'s. They will fall off 7 yrs after the DoFD. GW's dont work really with CO's. Get them to $0.
Collections: '
Lockhard Morris & Montgomery OC: Roehl Transport Inc Date Assigned: Dec 28, 2021 DOFD: Nov 28, 2021
LVNV Funding LLC $426
Call and work out a PFD with LMM. Never heard of them. Paid is better than owed. LVNV will delete if settled or paid.
Lates:
Citicards/Citibank Paid, Closed. Who closed it? One 30 day late May 2017, one 60 day late Jun 2017
Credit Acceptance. 30 day late from Nov 2017.
Kovo Inc One 30 day late Nov 2021, one 60 day late Dec 2021.
Merrick Bank One 30 day late Dec 2021 One 30 day late Apr 2022
Premier Bkcard Paid.Closed. Showing several late payments from 2019
Self Financial Paid, Closed. Showing several late payments from 2019
Credit Acceptance 30 Day Late Payment reported November 2021All these lates will have to run its course. You can try the GW saturation technique found on this site.
9 Hard Inquiries Dating from Apr 01, 2021 to Aug 06, 2021 Stop applying. More credit doesnt fix past baddies.
Had to rearrainge it all. The late cycles that were spread out over a few years cant go on any longer. Most have a rough spot and it ends. There wont be any big score changes until the CO's are settled and done with. And in time will fall off. Work on those and GW the lates. In the future group things together and please dont double space after a couple words. Many on mobile. All the old stuff will stay because its tied to an account you had at one time. I had a wrong middle initial wrong. I had it removed and it caused a split file with EQ. That was a bigger mess. So there you go. Pay off the past debts. No more lates. And no more apps until its all said and done with. It will be hard with CO balances to get approved for better cards. Good Luck!
Dispute any wrong info or that you dont agree with through the Credit Bureaus and/or if they cant delete it, report it to the CFPB. Make sure you only have 1 name, 1 address, 1 phone #.
Starting Score: 512
@Mdowning30 wrote:Dispute any wrong info or that you dont agree with through the Credit Bureaus and/or if they cant delete it, report it to the CFPB. Make sure you only have 1 name, 1 address, 1 phone #.
Wrong info, yes. Anything OP doesn't agree with? No. Not if it's reporting accurately. You can't just dispute away negative things you don't like/don't agree with. That's not how it works.
@leviant0107 wrote:Discover Charge Off Date: Feb 2020
Feb-Retail Charge Off Date: Aug 2017
Premier Bankcard. Paid. Closed at credit grantor’s request. October 2019. Several lates.
Webbank/FingerHut. Closed. Written off purchased by another lender Jul 2020. I believe LVNV was the one who purchased it.
GM Financial. Charged off May 2021. $0 written off.
BMG Money. Charged off Jul 2021. $9k written off. $155 past due of Jul 2021.
Citibank closed the account at credit grantors request.
answer to your questions @FireMedic1
@tcolesz12 wrote:
@leviant0107 wrote:Discover Charge Off Date: Feb 2020
Feb-Retail Charge Off Date: Aug 2017
Premier Bankcard. Paid. Closed at credit grantor’s request. October 2019. Several lates. Why did the creditor close it?
Webbank/FingerHut. Closed. Written off purchased by another lender Jul 2020. I believe LVNV was the one who purchased it.
GM Financial. Charged off May 2021. $0 written off.
BMG Money. Charged off Jul 2021. $9k written off. $155 past due of Jul 2021.
Citibank closed the account at credit grantors request.
answer to your questions @FireMedic1
Written off doesnt mean you dont owe it still. Charge off's are "written off" by the banks for accounting info. List the accounts with
Lender Name/ Credit Line/ Balance/ Date of CO