So I have been attacking baddies since I started working on building back up my credit, but I think I'm to the point that I'm stuck and only time can help more.
I have 3 student loans all current, and two cards with a combined limit of 12,400. I'm an AU on another card that has 600. The utilization is less than 2% as of the last reporting.
I have a Discover It with 12K and a secured Cap 1 and I know from reading, I should probably look at getting one more, just not sure I want the HP.
I have a mortgage I closed on in July, that still has not reported. The simulators say this will be about a 5 point drop, but I'm not worried about those points as I consider it a good drop if it comes.
I have one paid account in collection only on EQ that I have not been able to get any goodwill with.
I have another negative account with Kay Jewelers showing on EX and EQ. It has a couple of 30 day and 60 day lates. tried goodwill on it, but got the standard, we must report accurate information line, regardless of who I spoke too. I was able to get this one with an EE on TU and should be able to ask EX in another month or so. It should be gone by January or February 19
There is another closed auto loan that only has negative information on EX, that says included in BK and it has a 90 day late that should fall off next May. I sent them a GW letter today and hope it will make a difference. I'm thinking this 90 day is what is holding down my EX score the most outside of the BK13
I do have 3 old closed student loans with Sallie Mae that are reporting Negative Included in BK 13 comments. This one is only left on EQ. I got TU to update the comments to be correct that was transferred to another office, which is the truth. EX always had reported correctly, so I don't understand the difference. I have called Sallie Mae multiple times and they do not know I exist and say they can't do anything. I had filed a dispute with TU and EQ to get this taken care of. TU updated it to a 70+ point jump, but EQ said it came back verified. I don't think they even did anything since I don't see how since Sallie Mae can't find me in their system. The loans were transferred to Navient about the same time as I was filing so I guess some wires got crossed. These are the same three loans listed above that are in good standing
EQ advised me to open another dispute and provide more information and proof. I did that today, but really don't have any more proof than I have already provided. I'm not really optimistic I'm going to make much progress here.
Anyway, outside of the above. The BK13 is the only bad thing left and it's on all three. It should fall off all of them at the latest next May. I'm going to ask for Early exclusions when I get far enough along.
I guess I'm just to the point that I need to just let things age and the other baddies fall off. I've gotten a little obsessed with this credit stuff and that is very hard for me to take. I feel like I should be making some more progress, but I guess sometimes the only progress you can make is to let time do its thing. Unless someone else has an idea from the above.
There's was a point in my rebuilding progress we're I disputed what I could and the rest were a couple of years from falling off my report so I opened up 2 secured cards and hunkered down and didnt apply for anything for a year plus.......
Credit is tricky because not everything you can attack right away ... Some things just take time.... I agree you need to tend to the cards you have now and let those stubborn baddies fall off.....
Credit is tricky because not everything you can attack right away ... Some things just take time.... I agree you need to tend to the cards you have now and let those stubborn baddies fall off.....
Yeh, its most likely time. I'm just so close to 700 across the board and I want it bad :-) Not really planning on buying anything anytime soon, so its more of a want than a need.
I will need a car at some point, but I'm going to try and drive the Jeep I've had since the BK until the wheels fall off. There are a couple of them wobbling now so I will need to do something in the next year or so.
Its at 4 months now. I'm going to just let it go for now until it graduates. They should give me an CLI next month or the end of this one when the new statement cuts, but we will see.
Interesting I had not considered Amex, but it may be a good card. I've been a little skeptical of Amex with the BK 13 still on my record, chase denied me becasue of it so I have not even considered any of the other prime cards. I did just check and got two offers with the pre-qual. The Everyday and the Cash Magnet. The Everyday seems interesting as they have a 0% fee transfer and 0% for 15 months.
I checked Cap 1 too and they only offered me what I already had in the unsecured model and the QS1 with a $39AF. I'm not crazy about Annual fees so no on that one.
What CRA does Amex pull and does anyone know if a BK 13 on the record is an immediate dis-qualifier on the HP?
@Anonymous wrote:Congrats on the new house!
I am not an expert. But, I think I'd probably go for the third card... 1-age with home loan, 2-AZEO. imo, Amex seems like a very good possibility for you. Only one HP, future cards should be SPs.
Thanks for the suggestion on the Amex. I finally pulled the trigger and got approved for the Cash Magent. It’s really best for me with the 1.5% cash back. I got a 4K limit which wasn’t as much as I had hoped. Going to see if I can recon that but if not with the 3x cli after 61 days. I’ll have a really decent card.