I'm hoping to rebuild my credit (My progress thread)

[thornback]

@Donna71281:

Oh wow. Are you able to pay it? Or can you afford the settlement? If you can do either without causing yourself financial distress, then i say go ahead and do it.

[Anonymous]

I'm just gonna settle. Then, in 2019, I'll try getting it off my report with the New York 5-year Purge Rule LOL
I have nothing to lose. 🤷🤷

[thornback]

Sounds like a plan. I'm super jealous, by the way. I'm soo close but yet soo freaking far from benefitting from the infamous NY Purge (Jersey). LoL.

[Anonymous]

Oh wow! My neighbor! TBH, I never even heard of it until coming here LOL Then again, I always had excellent credit in 800s (until 2014) and well.... here I am LOL
But I've made huge progress in a short period of time because of all the stuff I learned on here.

[thornback]

Yep, I found out about it when I started my rebuild too. I was searching for ways to get things removed and that little tidbit of info popped up - I was so mad! I used to live in NY - loved it - but that was the first time I ever actually regretted moving to NJ.

Congrats on your success thus far and best of luck with the rest of your rebuild!!

[Anonymous]

Thanks for the advice tmr. I will pay it all off at once.

@ Newbie...I know vantagescore is looked down on by FICO users, but as of today, my vantagescore and FICO scores are all the same, or just 1 point difference. 582 (TU), 581 (EX) from myFICO dashboard (they went up slightly today). Vantagescore: 583 (TU), 581 (EQ).

My new $900 secured credit card made my fico scores go up a tiny bit, the same card that made my fico scores go up 10 points and 6 points respectively today, made my vantagescores go up exactly only 1 point today. So fico 8 is actually grading me a little more better than vscore.

[Anonymous]

There's so many New Yorkers in this thread. I was born and raised there but I moved 6 months ago

[Anonymous]

A little insignificant update I got on March 1st:

Starting FICO 8 scores: 557 (EQ), 572 (TU), and 575 (EX)

Now: 566 (EQ), 602 (TU), 591(EX).

+9 points, +30 points, +16 points.

EQ has always been my toughest grader so I expect to always see it behind TU and EX. I've not made any payment on my $999.90 balance on my Cap1 card, this raise in FICO scores is just an increase of $900 on my credit limit for getting a new secured card from First Progress, that I guess lowered my utilization.

[thornback]

That's great, @kev2018!

Imagine the boost you could get if you brought that Cap One balance down to $0.
Just sayin...🙄

[Anonymous]

Thanks. I will eventually. I got a settlement offer earlier today to pay $500 something. Not sure if I should pay in full or pay the settlement. What do you think?