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Hello, I'm new to forums and needed some help on how to tacklemy credit. Right now myfico states that I'm at 620. Im trying to increase it as much as possible.
I made some awful mistakes in my life and i'm trying to rectify them now. I'm debating in doing a Bankruptcy on the Car Loan that was repossed about 6 year ago, from what i understand theres a 7 year wait until it drops off. Would it be best if I wait? I don't know what else to do to increase it. Any help would be greatly appreciated.
Gecrb/Care | 12/2012 | $35 | Pays account as agreed | No | |
Cap One | 9/2012 | $13 | Pays account as agreed | No | |
Sallie Mae | XXXXXXXXXXXXXXXX | 10/2003 | $23,812 | Bad debt/collection | yes |
Sallie Mae | XXXXXXXXXXXXXXXX | 3/2006 | $17,686 | Bad debt/collection | yes |
Us Dept Ed | XXXXXXXXXXX | 9/2012 | $8,269 | Pays account as agreed | No |
Us Dept Ed | XXXXXXXXXXX | 9/2012 | $5,354 | Pays account as agreed | No |
Sallie Mae | XXXXXXXXXXXXXXXX | 3/2006 | $0 | Pays account as agreed | No |
Sallie Mae | XXXXXXXXXXXXXXXX | 10/2003 | $0 | Pays account as agreed | No |
Sallie Mae | XXXXXXXXXXXXXXXX | 3/2006 | $0 | Pays account as agreed | No |
Sallie Mae | XXXXXXXXXXXXXXXX | 6/2004 | $0 | Pays account as agreed | No |
Sallie Mae | XXXXXXXXXXXXXXXX | 10/2003 | $0 | Pays account as agreed | No |
Sallie Mae | XXXXXXXXXXXXXXXX | 3/2006 | $0 | 120+ days past due | yes |
Sallie Mae | XXXXXXXXXXXXXXXX | 3/2006 | $0 | 120+ days past due | yes |
Sallie Mae | XXXXXXXXXXXXXXXX | 6/2004 | $0 | 120+ days past due | yes |
Sallie Mae | XXXXXXXXXXXXXXXX | 10/2003 | $0 | 120+ days past due | yes |
Sallie Mae | XXXXXXXXXXXXXXXX | 10/2003 | $0 | 120+ days past due | yes |
Santander | XXXXXXXXXXXXX | 1/2007 | $0 | Bad debt/collection | yes |
Hsbc/Scusa | XXXXXXXXXXXXX | 1/2007 | $0 | Pays account as agreed | yes |
Hsbc Auto | XXXXXXXXXX | 1/2007 | $0 | 120+ days past due | yes |
bankruptcy is not going to help ur car loan, seems like u have a student loan issue.
Well i do have still 2 outstanding student loans still past due. Would u suggest if i complete a payment plan, help me with my credit?
It does look like you have a SL issue, but besides that, it doesn't look like you have a lot of debt, paid or unpaid. I would concentrate on trying to rehab those and keep them up to date. Everything that has a $0 balance and is a negative needs to have GWs sent.
Take a look at this thread, see what you think.
How would the good will letter help in my case? I have know the car was repo an sold to different CA. so I know show 3. If i send a GW letter an I going to be needing to pay the balance? I really dont have that kind of money to be dishin out $10k, the student loans, I can work on a rehab and get them out of deliquency.
I just dont know how to do it with the car loans
All the car loans shown here have a $0 balance. Where is the money owed?
Sep, 2012 |
Jan, 2007 |
Aug, 2008 |
XXXXXXXXXXXXX1000 |
$19,141 |
Installment |
Individual |
$450 |
Auto Financing |
Descriptions [?]
$0 | Bad debt/collection |
I'm seeing the balance on all of them as $0. So to me, that means there is no money owed them. That's why the GWs should be sent.