cancel
Showing results for 
Search instead for 
Did you mean: 

Help re-building my credit

vjin
New Member

Help re-building my credit

Hello Everyone, 

I am looking for any advice. 

Like most ppl, I was unemployed during the beginning of covid and had a hard time financially, which resulted in me being unable to pay my credit card, and eventually, all 3 cards, Discover, Capital One, and Deserve ended up closing. Since I got employed, I paid off all my accounts but my score hasn't really improved. I recently heard about Goodwill's removal of late payments, so I contacted all 3 institutions' CEO with a letter and I recently heard back from Discover denying my request. I have heard about the saturation method, but I need help finding the email address to send. 

I am looking for any advice on what should be my next step be. 

Message 1 of 7
6 REPLIES 6
dragontears
Valued Contributor

Re: Help re-building my credit


@vjin wrote:

Hello Everyone, 

I am looking for any advice. 

Like most ppl, I was unemployed during the beginning of covid and had a hard time financially, which resulted in me being unable to pay my credit card, and eventually, all 3 cards, Discover, Capital One, and Deserve ended up closing. Since I got employed, I paid off all my accounts but my score hasn't really improved. I recently heard about Goodwill's removal of late payments, so I contacted all 3 institutions' CEO with a letter and I recently heard back from Discover denying my request. I have heard about the saturation method, but I need help finding the email address to send. 

I am looking for any advice on what should be my next step be. 


Do you have any open credit accounts? 

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 2 of 7
HowDoesThisAllWork
Frequent Contributor

Re: Help re-building my credit

@vjin 

 

Good evening and welcome to the forum.  There are a lot of really smart people in here - and a lot of truly kind people.

 

I would suggest that the first thing that one should do - if you have not done it already (and forgive me if you stated that you have done this and my old brain just farted....hey, it happens more often than I would care to admit) - is to go to annualcreditreport.com and download all three of your credit reports (one from Equifax, one from Experian, and one from Transunion).

 

I would then go over each and ensure that everything there is accurate.  If you find anything that is incorrect please return back to this forum for guidance (if you so like).  Disputing things can - and often is - be a double-edged sword (especially Equifax).

 

Are there any collections accounts or charge offs?  Any late payments?

FICO8 Scores as of 2021 JULY 21:


FICO Auto 2/4/5 Scores as of 2021 JULY 21:


FICO Bankcard 2/4/5 Scores as of 2021 JULY 21:


FICO Mortgage 2/4/5 Scores as of 2021 JULY 21:


Starting Score: Exp 699
Current Score: Exp 699
Goal Score: Exp 750


Take the myFICO Fitness Challenge
Message 3 of 7
vjin
New Member

Re: Help re-building my credit

I just got approved for a new credit card from credit one. I currently using Extra, kikoff to boost my credit. I also do have discover student loans with exceptional payment history. 

Message 4 of 7
vjin
New Member

Re: Help re-building my credit

My credit card with Discover, Capital One, and Deserve were charged off due to late payment, but since then I have paid them completely before they.


Message 5 of 7
FireMedic1
Super Contributor

Re: Help re-building my credit

If it was recent. The ding is fresh. Its great you paid the balances. Although the lates isnt the thing thats hurting the most. Its the CO status. And no one will delete that unfortunately. Just gotta keep rebuilding and let time do its thing. Sorry it happened. Welcome to the forums.






Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
Message 6 of 7
vjin
New Member

Re: Help re-building my credit

Yes unfortunately it's pretty recent. Thank you, it gives hope that it will be better with time. 

Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.