Well first thing those utilizations are high. Get two of them reporting zero and the third less than 9%. You have the installment loan through your lease and the Navient loans, so credit mix is ok. So the only two things you can really do to help out is pay off those four bad items (try to get PFD especially the medical one) and then start a goodwill campaign to have them removed. Of course the ones from 2011 depending on when your date of first delinquincy was may fall off next year anyway, so weigh that into it as well.
@SlimMucho wrote:
Ok guys I messed up in my Twenties - time to make my 30’s about creating freedom for my family. Any advice? I haven’t missed a beat on any of new accounts. Credit mix is good, New Credit rates poor, Debt rates at good, payment history rates fair..... hoping to get 640’s by August!
560- Equifax
558-TransUnion
578-Experian
Revolving:
OpenSky: 284/300 (6months)
Valley fed: 490/500 (5months)
Capital One: 186/200 (1month)
Authorized users:
Wells Fargo: 4000/7500
Cabelas: 500/3000
Open Trades:
Toyota Motor Lease: 1month old
Navient & US Dept of ed: 7years old (Deferred)
Collections:
$2468 - Verizon (Last Year)
$708 - Medical (Last Year)
$2500 - bank (2011)
$2500 bank (2011)
The first thing is to get your utilization down. I would pay off the balances on the Open Sky, Valley Fed, and Cap One cards. The two you are an au on could be more trickey. Are you actually the one using these cards, and is the balance on them yours or the AH? If the balance is yours pay them down as much as you can to get the best utilization. If the balcance isn't yours thensee about having your name removed from at least the WF card as that has a high individual utl and it is helping to drive up your overall utl. You have much smaller balances on the other cards and should be able to get them paid down. I could be wrong but I belive that if you are removed as the AU those accounts will be removed from your report.
Next you need to work on the collections accounts. If you can I would attack them one at a time starting with the newest ones to see if you can do a PFD.
Also your AU accounts, I'm assuming you are the AU? If so I'd get off those honestly, because at their untilization it is hurting you as well, other than for aging purposes. But your CCs are going to be a year old soon, so that will help. I think the break point will be at 2 years though. Not sure about that.
Congratulations!!! I love when people update with SUCCESS!
