Cleaning it up 2020 rebuild thread.

[Cleaningitup2016]

Current "Real" Fico Score from Experian: 594

Goal by year end: 680.

Reason for score improvement: home purchase (hopefully).

Biggest items on my report are my car loan and student loans. Car loan is at 6%, no need to be in a rush to pay it.

Student loans have no monthly payment due to income being to low (poor people payment plan or PPPP lol).

Biggest hurdles right now are several baddies, some paid, and some not, that adamantly refuse to PFD.

But honestly, I think I need to focus on trimming down some of my current debt before I worry about them.

I also noticed I had 3 baddies from Synchrony bank just up and fell off my report from about 5 years ago, as well as a verizon wireless collection.

[AllZero]

Good luck on your journey.

[Cleaningitup2016]

Thanks.

Honestly..I think I am going to work on my active accounts. My charged off accounts aren't charging any interest, so obviously the balance won't go up if I stop paying them.

Right now I have $8139 in active credit card debt. Almost all of it sitting at 20-25% interest.

Using 22% as a rough number, I am paying $150 a month in interest alone.

[jons998877]

OP- How old are these unpaid chargeoffs??? Are they still reporting each month???

[Cleaningitup2016]

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@jons998877 wrote:

OP- How old are these unpaid chargeoffs??? Are they still reporting each month???

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The oldest unpaid chargeoff is Barclay Bank Apple Visa for $1600. It charged off march of 2016.

However..while it is still on my report, it shows 8/2016 as being the last time it updated.

2nd oldest is a Bank of Missouri Helzberg Diamonds store card for $2200 dollars. HOWEVER..as of my last update, the balance zeroed out.

It charged of Dec of 2018, and no longer reports.

Last charge off is Kohls/ Capital one, and it is paid, last reported Sept of 2019.

I THOUGHT I had a paid charge off with Target, but it appears they removed the charge off status once I paid it, and now just looks like a normal credit card account, minus a few 30 day lates.

[Chestnut1]

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@Cleaningitup2016 wrote:

Current "Real" Fico Score from Experian: 594

Goal by year end: 680.

Reason for score improvement: home purchase (hopefully).

Biggest items on my report are my car loan and student loans. Car loan is at 6%, no need to be in a rush to pay it.

Student loans have no monthly payment due to income being to low (poor people payment plan or PPPP lol).

Biggest hurdles right now are several baddies, some paid, and some not, that adamantly refuse to PFD.

But honestly, I think I need to focus on trimming down some of my current debt before I worry about them.

I also noticed I had 3 baddies from Synchrony bank just up and fell off my report from about 5 years ago, as well as a verizon wireless collection.

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Good Luck. Keep an eye on those FICO 5,4,2 scores if Mortgage is your Goal. One important factor is do not apply any new credit cards during this time and keep making ontime payments. I've personally noticed that as the accounts start aging every month with Timely Payments reported, My Mortgage Scores are going up. 

My Current Mortage Scores are EQ : 665 ( just went up 9 points) , TU 678 ( went up 12 points yesterday) and EX 651(yet to be reported with new scores).

My Fico 8 Scores are : EQ : 682, TU : 682, EX : 670 (Yet to be reported with new scores)

[Cleaningitup2016]

Where does one get your mortgage score?

[Chestnut1]

MyFico.com. 3B report. It has different Scores. Fico 8, Mortgage Scores, Bank Card Scores, Auto loan Scores and Fico 9 scores for all 3 CRAs. 

[jons998877]

OP- I think I agree, I would focus on getting your current cards paid down, at least to a more managable level and cut down on your monthy interest thats being charged.. to me that would be more of a stresser.. JMO

[Cleaningitup2016]

Got it, thanks. I need to work on my fiances credit as well because most likely we will be married at the time of applying for a mortgage and I need to fix her credit up a bit too. She is sitting at a 585.

She has 1 CA with Midland Credit, which I disputed with them directly as they never sent anything to us.

She has 2 unpaid chargeoffs, one with Capital One, and one with Statefarm bank, both for around $800.

Other than that, her credit is spotless, I AU'ed her on a few of my better accounts.

Statefarm bank is BS and I don't ever reccomend doing business with them. Her account was 2 months past due and they would not work with us at all to get caught up.