Chugging right along....

[Anonymous]

Hi! New here but I've been working on my credit issues for a little over a year now.

I started at 485 in April of 2018.

Worked on paying off accounts. Made a payment plan for the last two of them in October 2018, to be paid off in 10 payments so they will be PIF with the last payments next month (7/19).

Pulled my student loans out of default and am returning to school 8/19 to pursue my degree while continuing to work FT+.

Got 3 CCs. Each with a current CL of $300.
Cap1 Platinum
Cap1 QS1
First Access
I pay off the Cap1s in full before the payment due date and the First Access on the due date (I usually just have a recurring $20/mo charitable donation that charges to it automatically).

Auto loan initiated 11/17 - worked with loan company to defer one payment earlier this year so the account registers no late payments. I usually pay a week or two before the due date.

So, right now I'm just gardening. Waiting out my time for CLIs on the three cards I have.

The student loans sent my scores a bit funky when DOEd removed them from my credit reports. Tanked one score 19 points. However, a few days later, that same score shot up 67 points...go figure.

So, I currently stand at:
TU 662
EQ 604
EX 595

So, I figure it is best to just bide my time for the moment and let them all settle down and catch up with each other while I contemplate my next move.

My goal is 700+ by this time next year, so I've banked $5000 in savings "just in case". I don't want any bobbles.

Any suggestions or advice on future moves are warmly welcomed.

Wyspers

[DIYcredit]

When you say paying off accounts if you mean cc's it's very important to pay down the cc balances down to 1-6%,you have a great variety of credit accounts.Keep paying all accounts monthly a agreed and only open credit accounts that you need.Keep your oldest open cc open and never close it.If you follow these steps your Fico score will improve over time.GOOD LUCK...

[Anonymous]

On that, I was actually referring to collections accounts.

I was noticing, as you pointed out, that quite a few people were saying to let a small balance (1-6%) ride on one of the credit cards and then pay it after it reports. This is something I haven't been doing but will definitely give it a try.

It all just takes time and patience.

Wyspers

[FireMedic1]

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@Anonymous wrote:
Hi! New here but I've been working on my credit issues for a little over a year now.

I started at 485 in April of 2018.

Worked on paying off accounts. Made a payment plan for the last two of them in October 2018, to be paid off in 10 payments so they will be PIF with the last payments next month (7/19).

Pulled my student loans out of default and am returning to school 8/19 to pursue my degree while continuing to work FT+.

Got 3 CCs. Each with a current CL of $300.
Cap1 Platinum
Cap1 QS1
First Access
I pay off the Cap1s in full before the payment due date and the First Access on the due date (I usually just have a recurring $20/mo charitable donation that charges to it automatically). Pay the 2 Cap1's to zero balance before statement due date. For best chance at CLI's. They like heavy usage and PIF in rebuilding mode. Let the recurring $20 on FA report the $20 after statement date and then pay in full (PIF) before the due date. Rinse and repeat

Auto loan initiated 11/17 - worked with loan company to defer one payment earlier this year so the account registers no late payments. I usually pay a week or two before the due date.

So, right now I'm just gardening. Waiting out my time for CLIs on the three cards I have.

The student loans sent my scores a bit funky when DOEd removed them from my credit reports. Tanked one score 19 points. However, a few days later, that same score shot up 67 points...go figure.

So, I currently stand at:
TU 662
EQ 604
EX 595

So, I figure it is best to just bide my time for the moment and let them all settle down and catch up with each other while I contemplate my next move.

My goal is 700+ by this time next year, so I've banked $5000 in savings "just in case". I don't want any bobbles.

Any suggestions or advice on future moves are warmly welcomed.

Wyspers

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This is what we call AZEO or all zero except one. This will ding your score if your carrying a balance on all cards right now. You have 2 installemt loans with your car and student loans. So no need to get a loan. Wont help much. Let time do its thing and you'll see score rise as they all age and follow AZEO for now. In 6 months report back and we'll guide you on to the next card. Good Luck!

[LakeLife]

Great job on your recovery!  It must be a great feeling to take control of your finances.

[Remedios]

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@Anonymous wrote:
Hi! New here but I've been working on my credit issues for a little over a year now.

I started at 485 in April of 2018.

Worked on paying off accounts. Made a payment plan for the last two of them in October 2018, to be paid off in 10 payments so they will be PIF with the last payments next month (7/19).

Pulled my student loans out of default and am returning to school 8/19 to pursue my degree while continuing to work FT+.

Got 3 CCs. Each with a current CL of $300.
Cap1 Platinum
Cap1 QS1
First Access
I pay off the Cap1s in full before the payment due date and the First Access on the due date (I usually just have a recurring $20/mo charitable donation that charges to it automatically).

Auto loan initiated 11/17 - worked with loan company to defer one payment earlier this year so the account registers no late payments. I usually pay a week or two before the due date.

So, right now I'm just gardening. Waiting out my time for CLIs on the three cards I have.

The student loans sent my scores a bit funky when DOEd removed them from my credit reports. Tanked one score 19 points. However, a few days later, that same score shot up 67 points...go figure.

So, I currently stand at:
TU 662
EQ 604
EX 595

So, I figure it is best to just bide my time for the moment and let them all settle down and catch up with each other while I contemplate my next move.

My goal is 700+ by this time next year, so I've banked $5000 in savings "just in case". I don't want any bobbles.

Any suggestions or advice on future moves are warmly welcomed.

Wyspers

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Everything else has been covered, but if you've had your Platinum card for more than a few months, you can upgrade it to QS. Everything stays the same, except it's now earning 1.5% cash back like QS1, but with no annual fee. 

That way you can get at least something back for using it 

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade