@Anonymous wrote:
My current scores are mid 5s but I think they will go up low 6s in next month. This is what’s in my report
The good
Au account - chase - 14872/15000 - is paid just not reporting yet was maxed out for Christmas inventory ( my bosses) ( does this show on myFICO being a au? I’m confused looking at myFICO first tine ) Is this a business card from your employer your AU on?
Au account - citi Home Depot - 2750/8000 (step moms added me I spent 3500 over summer I pay 150 month towards it has 0 interest )
Capital one platinum 0/300
Discover it secured 0/200
American heritage secured 0/300
Installment loans
Affirm 800/100 (66$ Month payment ) - Experian only Only need 1 loan reporting. You could close this one out since it only reports to 1 CRA
Self lender 37x/500 ( 25 month payment )
The bad
Unpaid c/o
Wells Fargo dealer services 68xx This wont help much. Is this left over from a repo?
Paid c/o
Wells Fargo credit card - was over maxed out didn’t lay it for 2 years. Paid it off few months ago reports as 0 balance
Sears citi bank - 5599/4000 - just settled on Friday 12-13 so that should lower my utilization drastically since it was at 140%
Verizon Fios - paid over year ago came off Equifax some how but not trans and Experian
Active collection
ER collection for 564$. You can go to the business office of the hospital and pay this and ask to have the collection removed.
Trying to get to 620 in 6 months. Do you guys think it’s possible? Also do you think my score will go up a lot when that sears card reports settled because my utilization lowers? What are your suggestions
With the baddies that are still pending like WF, the collections, then the kinda high util on the Home Depot account. It may be a bit of a uphill thing. Settling the CO's will help. But they still are dings against you. It will help your overall aggregate util the most which could help some. Its too close to call. The bad outweighs the good in the FICO world. People with 800 scores get 1 late with no other dings. Its a score killer. Do what you have to do to get everything paid down. Start sending GW letters to all you paid. Its a long shot. But it could land on a desk of someone that would delete it. It also depends on how old these CO's are. Paying down the existing debts and aging of the dings will do the most good. Good Luck and Happy Holidays.
I figured some kind of connection. If they keep running up balances that high. It isnt helping. Then get yourself removed. It all comes down to making some type of payment arraingements to get the past paid down/settled. Mortgage companies will want to see all past baddies paid/settled or whatever it takes to get them all to 0 owed. No collections or HP's for new credit at leat 6 months prior to applying for a mortgage. Some things they might overlook and tell you what needs to be cleaned up. Basically all the CO's, collections will have to have 0 balance. So 6 months may turn into a year fro now or however long it takes to get outa debt. Wish I had better news. Happy Holidays and hope in 2020 you can reach the goal of homeownership!
The util drops will help. The charge offs are still charge offs. But at least they quit updating. That will help. The collections go after PFD. More heplp. I cant predict what the scores will land on. No one posters matches another. There's a possibility yes. But in your oringinal post you had mid 500's. If they were 570-590. Yes possiblly. But I wont put my mouth on it and say yes. Get your hopes up and it doesnt happen. Just work it and see what happens. Think positive and it will happen. 