9 Month Progress Report

[Anonymous]

Started: Jan 2016

Baddies                               Amt
AT & T                                 $120
Verizon FIOS                      $880
Verizon FIOS                      $475
Utility bill                             $127
Dental Bill                           $230

US Dept of Ed AFSA (1) - 120+ Past Due
US Dept of Ed AFSA (2) - 120+ Past Due
US Dpt of Ed Nelnet (1) - DEFAULTED
US Dpt of Ed Nelnet (2) - DEFAULTED
US Dpt of Ed Nelnet (3) - DEFAULTED
US Dpt of Ed Nelnet (4) - DEFAULTED

- several student loans accounts 30, 60, 90, 120, 180 days past dues reported
- Collection account (Overpayment) - 120 days past due

Scores
EQ 599
TU 576
EX 580

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SUMMER 2016

Key Actions:
                                                        Amt      Action
AT & T                                             $120     DELETED
Verizon FIOS                                  $880     DELETED
Verizon FIOS                                  $475     DELETED
Utility bill                                         $127     DELETED
Dental Bill                                       $230     DELETED

US Dept of Ed AFSA (1)  - 120+ Past Due DELETED
US Dept of Ed AFSA (2) -  120+ Past Due DELETED

Remaining Baddies:
US Dpt of Ed Nelnet(1) - DEFAULTED
US Dpt of Ed Nelnet (2) - DEFAULTED
US Dpt of Ed Nelnet (3) - DEFAULTED
US Dpt of Ed Nelnet (4) - DEFAULTED
- several student loans accounts 30, 60, 90, 120, 180 days past dues reported
- Collection account (Overpayment) - 120 days past due

New Accounts          Starting Limit

CapOne QS              $300
CapOne QS1            $500

DiscoverIT (sec)        $300
PenFed (ThrSav)      $500
Amazon                    $800
Overstock                 $350
FingerHut                 $400
Walmart                    $1000
Victoria's Secret       $250
NY & Co                   $250
Limited                     $150

Final Scores:
EQ 612
TU 654
EX 637

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End of Summer 2016

Key Actions:
US Dpt of Ed Nelnet (1) - DEFAULTED - REHABED - DELETED
US Dpt of Ed Nelnet (2) - DEFAULTED - REHABED - DELETED
US Dpt of Ed Nelnet (3) - DEFAULTED - REHABED - DELETED
US Dpt of Ed Nelnet (4) - DEFAULTED - REHABED - DELETED

Remaining Baddies:
- several student loans accounts 30, 60, 90, 120, 180 days past dues reported
- Overpayment GARNISHMENT - reporting as a regular installment account (Determined to pay this off by New Years Eve)

                                         Starting Limit   CLI        Balance (Sept 2016)

CapOne QS                           $300          $1300    $700
CapOne QS1                         $500          $2000    $1600

DiscoverIT (sec)                     $300         $300       $0
PenFed ThrSav                     $500          $500       $0
Amazon                                 $800          $3000     $0
FingerHut                              $400          $400       $0
Walmart                                 $1000        $5000     $0
Victoria's Secret                    $250          $550       $0
NY & Co                                $250          $550       $0
Limited                                  $250          $550       $0
OverStock                             $350          $650       $0

Final Scores:
EQ 670
TU 701
EX 697

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So that's how things are looking as of today. With that being said:

Advice welcomed....

Do's and dont's at this point ?
All input welcomed and wanted!

Thanks everyone

[Anonymous]

I'm only a little ways into my rebuild myself scores ranging from 634-664 FICO.

Good job on your rebuild!

As far as advice something that pops out is that on 2 of your cards you're over 50% UT which can drag down your score. I'd recommend maybe app'ing with Discover, NFCU, or another credit card and get a new trade line going so that you don't have do use those two cards so much. Other than that just keep current on payments and try for EE on those baddies when you can.

[Anonymous]

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@Anonymous wrote:
I'm only a little ways into my rebuild myself scores ranging from 634-664 FICO.

Good job on your rebuild!

As far as advice something that pops out is that on 2 of your cards you're over 50% UT which can drag down your score. I'd recommend maybe app'ing with Discover, NFCU, or another credit card and get a new trade line going so that you don't have do use those two cards so much. Other than that just keep current on payments and try for EE on those baddies when you can.

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Congratulations, OP! You've made a lot of progress. I agree with Matt about those two cards with high UT. Another card would lower your overall UT as well, but if there is a chance you might charge on the new card without paying your existing cards down, then I would recommend not getting another card. My only concern is whether or not you have the high UT because you are unable to PIF. If that is the case, I think you should figure out how to stop using them and get them paid down first. 

[Anonymous]

I'd agree with Bella I left that out I thought it might've been obvious but just to clarify. The new card would only be helpful if you're able to at least pay the current ones to below 30% UT and keep them there PIF would be nice but at least under 30% won't be hurting you.

[Anonymous]

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@Anonymous wrote:
I'd agree with Bella I left that out I thought it might've been obvious but just to clarify. The new card would only be helpful if you're able to at least pay the current ones to below 30% UT and keep them there PIF would be nice but at least under 30% won't be hurting you.

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We are thinking alike! I know from personal experience that it's not a good idea to get another card if you can't keep current ones under control. I just wanted to make sure OP doesn't make the same mistake I made in the past.

[susieqj]

Great Job!!!

How did you get the verizon to be deleted. Was it with verizon or a collection agency. I just paid verizon $481.00 a few days ago. 

[Anonymous]

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@Anonymous wrote:
I'm only a little ways into my rebuild myself scores ranging from 634-664 FICO.

Good job on your rebuild!

As far as advice something that pops out is that on 2 of your cards you're over 50% UT which can drag down your score. I'd recommend maybe app'ing with Discover, NFCU, or another credit card and get a new trade line going so that you don't have do use those two cards so much. Other than that just keep current on payments and try for EE on those baddies when you can.

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My small CP1 card will be paid to $0 next month. I wanted to make sure I used them both alot in hopes of getting decent CLI since they will be my main cards for a while. 

I actually have the Discover IT card. Dont know how I failed to list that one! It's just the secured one though. I want to add more money to it, but kind of on the fence about that. 

It seems that I read somewhere, that once it graduates, whatever amount they bump it to, is what you're stuck with and that you wont get another increase???

[Anonymous]

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@susieqj wrote:

Great Job!!!

How did you get the verizon to be deleted. Was it with verizon or a collection agency. I just paid verizon $481.00 a few days ago. 

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Here's a COPY and PASTE from an old Verzon thread I responded to:

For everyone asking about Verizon collections, heres what I did.

I called their Credit Reporting department directly. I had to do this twice and was successful on the second call. I told them they needed to pull the phone recording for the day the service was placed for service. The first time I called the guy gave a generic response of "we record all new service order conversations and thats when customers give us verbal authorization for the contract" I explained a million times that I never agreed to a contract.

Called back the second time: The rep put it in for research for them to go pull the recording for verification.
Results: No recording found ---> Collections account removed completely. Now, I did owe them for a final bill and I ended up paying them $275 instead of the $880 they were trying to hit me with

and 

I kept integrity the entire time. I had no problem paying the bill. I had a problem with them hitting me with service contract fees when I never had a contract. I still had the email confirmation from placing the order.

What saved me was keeping and maintaining DOCUMENTATION for just about everything. They couldn't argue with that. No integrity lost.

[cjane1]

Wow you are doing a great job, as other has remarked get the utilization down and your scores will go up. I need to do rehab for my loans and since my balance is only 2000 the monthly amounts I will actually be able to afford now.

[Sbrooks1]

You have done a fantastic job!!! Salute!