My goal is to eventually be able to get a mortgage and an auto loan. My current scores are:
fico- 514
TransUnion -521
Equifax- 523
I recently opened a secured card with open sky and a loan with self lender. I am an authorized user on 3 accounts that are in good standing but have a high utilization. I have requested to be removed so I can get a better idea of my score with my own accounts. I listed my into below and would really appreciate any advice on what to do next.
Loans
Student loans
- $1,750
- $1,937
- $4,359
- $10,066
- $2,709
- $618
All opened between 9 and 4 years ago
Self lender
$724 opened 8/2020
Credit cards
Open sky
$250/$187 balance -opened 5/2020
Authorized user on
BoA $2,000/1,933
Capital one $2,000/2,038
Capital one $3,000/3362
Collections
$461 (Fingerhut) opened 9/2019
$467 (comenity bank) opened 9/2019
$187 (capital one) opened 2/2018
$682 (capital one) opened 1/2018
$1,398 (medical bill) opened 4/2020
Charged off/not in collections
$425 (Bank of Missouri) opened 5/2016
$262 (citi) opened 9/2017
$233 (money lion) opened 5/2019
$204 (discover) 3/2016
I would start with those chargeoffs before they go to collections. And then the collections themselves. Who owns each respective collection account?
@OmarGB9 @Thanks. I will begin reaching for possible settle amounts to hopefully pay and delete. The current collection owners are below. if creditors refuse pfd what would you do?
Collections
$461 (Fingerhut) Jefferson capital
$467 (comenity bank) lvnv funding
$187 (capital one) portfolio recovery
$682 (capital one) portfolio recovery
$1,398 (medical bill) refit collection srvcs
@ZRH wrote:@OmarGB9 @Thanks. I will begin reaching for possible settle amounts to hopefully pay and delete. The current collection owners are below. if creditors refuse pfd what would you do?
Collections
$461 (Fingerhut) Jefferson capital
$467 (comenity bank) lvnv funding
$187 (capital one) portfolio recovery
$682 (capital one) portfolio recovery
$1,398 (medical bill) refit collection srvcs
Once paid or settled. These guys will delete themselves from your reports. The med one. Go go the med provider office in person and ask if they would recall the debt once you pay them. CO's wont be deleted once paid. Just get them in the past.
@Anonymous wrote:1st things 1st
Freeze all of your reports.
Get paper copies of your credit reports.
Correct all names, addresses and employment info.
With the paper copies you can determine fall off dates and DOFD.
Until you do that any advice given is just a WAG.
Each type of account and who holds it may have very different tecniques.
Huh? Freezing reports doesnt help a thing with debts. Nor names addresses and such. The CA's knew where to send their invoices. We all give great advise that isnt a "WAG". Not to be rude. But this advice is more of a WAG and doesnt help the poster in any way. Only the fall off dates part. Sorry.