Hey all, new member here whom is really diving deep into these forums to find so much valuable information. Quick run down of my Credit History. In my younger years back when I was 18-23 I built up some great credit; I had a 690 Credit Score give or take. I was Approved for multiple CCs and was doing great...
However after my great credit success I seemed to slip up and wanted to be more free rather than stay on that hard grind I was on. More so just wanted to live a free down to earth lifestyle when I hit 24-25 years old wanting “no credit commitments” even though I still did owe money.
Heres the credit run down.
Current Derogatories:
-Wells Fargo (4/2017 Account Closed and Charge Off at $4800 balance due with Collection Agency Radius Global Solutions. I have been in touch with them and they will settle for $1900! However im doing immense research and am striving for deletion on this account as it is my longest account and also has the most negatives due to age. But being Wells Fargo it seems impossible as many members have attempted GW letters and failed. The settlement offer they have gave me is too good to pass up it seems..
- 10k personal loan that is now a charge off with original lender, I have yet to be in touch with them for over a year and a half after my fallout with this committment. It originally was charged off and reported 90 Days late. in early 2017...14 months went by no reporting. Then late last year on 10/18,11/18,12/18 they re reported me as 90 days late.. Is this Normal?
Credit Accounts Removed/In Good Standing:
-Best Buy card with Citi Bank that I settled for 2k on a balance of 4k-they agreed to removed from my report 2/2019 and I have confirmed It is now removed.
-20k car loan(Paid Off-Good Report)
-10k car loan (Paid Off-Good Report)
--Big O tires CC Currently Active at $450 CL (Opened June 2016)
-New Active Discover It Secured $300 CL (Opened April 2019$
-New Active Platinum Capital One 300$ CL (Opened 2019)
Ive owned up to mistakes and have been committed to paying them off as a responsible human shall. My career is now locked back in at 28. Luckily the start of this year Ive been able to save up a good chunk of cash to tackle these debts. I dont have say 15k to pay off my two charge offs right away but I am ready to pay off the WF account as that will be on my CR until 2023. The 10k charge off will also be on my report until 2024. Im most likely going to be in contact with them to make arrangements on this account to pay off in full and hopefully revert to be in good standing status. They are a local community bank so I feel they may be more willing to remove deragatories if paid in full. Plus I think it would be a plus being Ive had those 2 other car loan accounts with that same lender that I was in good standing with and paid off.
I have researched the AZEO method and am going to be trying that for a few months and see how helpful that truely is with my 3 CC accounts that are opened.
-Credit Karma shows TU @550 EQ@554
-Experian App with Fico 8 model TU@570 EQ@544 EX@531—Showing Revolving Credit at 109% Due to that wells fargo card...
Discover App has Fico ScoreCard as well and that shows a TU score of 570.
Im thinkin my average score is around 550 or so.
Seems pretty obvious to me as to my priorities being paying off those two Charged off accounts and hope that helps my score a bit. The impact has been done with the late payments, so now I can only hope that paying these off will maybe give me a little boost. Meanwhile Ill be using the Discover and Capital One Card to rebuild on up...
Any input or support is truely appreciated!
Have a good day.
