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CC settlement, abysmal credit score, low income, but hopeful future. What now?

StartingOver2018
Frequent Contributor

Re: CC settlement, abysmal credit score, low income, but hopeful future. What now?

did the prequalification thing with Discover and got a "Not only no, but HELL no!" from them.

^^^😂😂Sounds like something I would say!
Things will turn around for you. Patience is definitely not my strong suit so I know how you feel.
BK CH7--Filed September 25, 2018--D/C Jan.4, 2019
{FICO8 Feb.12, 2019--TU 580--EX 600--EQ 626}

Credit One Visa CLOSED by me May 2020!! :-)($500 now $700) Nov. 2018
SelfLender (2 year) Nov. 2018
Capital One Platinum MC ($2000 now $2500) Jan. 2019
Target RedCard ($500 at 4 months $800 six months later $1900) April 2019
Venus Comenity ($500 now $1500) May 2019 no HP
Ann Taylor Loft MC ($1000) June 2020 no HP
Overstock ($350 now $2350) June 2020 no HP


FICO 8 SCORES: 06-04-2020633 TU656 EX652 EQ
Message 11 of 13
tenaya
Frequent Contributor

Re: CC settlement, abysmal credit score, low income, but hopeful future. What now?

dynamicvb, I just discovered self lender. I'll probably be doing that! Anything to help! Thanks for the suggestion.

 

I got a bit of bad news last night—my store card (that I've had for about 6 years) heard of my credit woes (I made the mistake of asking for a replacement card) and canceled my account! Oh no! 

 

Oh well, it's not like I need to buy clothes right now. 

 

So, until Green Dot sends me a card and I get that all set up, I have no open accounts. 

 

StartingOver2018, oh yeah. LOL, I'm a credit leper now! Well, what is really helping is seeing everyone's sigs where they show their credit score 6 months or a year ago, and then now... wow that is so encouraging. Bless all of you for putting that in your sigs. It's all helping me be more patient.

 

Right now I'm learning so much from this forum and learning the lingo and "culture." By "culture" I mean, good practices and common sense! Like, I keep on reading people talking with pride about their low utilization. (I guess that's the term?) I really want that mindset to seep into my brain, so that I'm always strict with myself to keep low balances as a matter of pride. It's ALL about low utilization (and paying on time!).

 

You guys are all great!


Overstock $9,750, Walmart $2.5K, Discover IT Cash Back $2.4K, NFCU Flagship $5K (formerly CashRewards), Shell (Citi) $800, NFCU More Rewards $17K, AMEX Cash Magnet $1K, Citizens Cash Back $2.8K, Amazon Store Card $4.2K, Cap1 QS $1.1K, FBNO Visa $1.6K, AMEX Blue Cash Preferred, $8K, eBay MC $800 (RIP Green Dot Platinum Secured)
Current FICO8: EQ 700, TU 700, EX 688   Current FICO9: EQ 715, EX 714
Goal for December 2019: FICO8 640-700 (reached! Fico 681!) | Goal for December 2020: FICO8 685-700 (Reached! 690!) | Goal for December 2021: FICO8 700-740
Starting Score: 539  Current Score: 690  Goal Score: 760
My credit recovery journal

Message 12 of 13
xaximus
Valued Contributor

Re: CC settlement, abysmal credit score, low income, but hopeful future. What now?

You're welcome @ tenaya, just read as much as you can on here, there's some really fantastic group of people that are always willing to help with knowledge, understanding and being there when you have questions/concerns or just need to vent. Patience is the key here, with time, anything is possible.


Scores - All bureaus 756 +
TCL - Est. $275K
Message 13 of 13
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