I'm 24 & I have terrible credit..... my score is 563 from Experian It sucks. I have 2 positive accounts & two negative accounts. I paid down the CC to $88 right now & increasing my CL to $500 next week. I'm going to work on keeping my balance low from now on. So this is what it looks like.
|Account Name||WELLS FARGO BANK|
|Account Type||Secured Credit Card|
|ccount Name||HSBC/RS CE|
|Account Type||Installment Sales Contract|
|Account Name||CAP ONE|
|Account Type||Credit Card|
|Account Name||US COLLECTIONS WEST IN|
|Account Type||Collection Department / Agency / Attorney|
Looks like you paid Cap1 after the CO, maybe try sending them a Good Will Letter and see if they will remove the negative listing and report it as Closed/Paid Satisfactorily (but don't ask them to remove the tradeline, just the negative) You can do a search here for GW Letters.
As far as the last baddie, have you tried contacting the OC to see if you can work out a payment plan? Make sure you get any agreements in writing, not verbally.
Hopefully a more experienced member will chime in and give you better advice.
Best of Luck!!
Ditto to CapOne.
The first two look like they are reporting OK. For best results, get the WF to report a balance of under $27 or PIF monthly.
Ditto to the CA. Keep an eye on SOL too. If you don't have the $$$ to PIF if you had to set aside and if SOL had not expired, then wait it out.
I would take the $500 and pay down my HSBC balance rather than increase the limit on my secured card because increasing the limit does nothing for you while reducing your balance does a world of wonders.
Ok so I payed down my Secured WF CC to $50 & increased my CL to $500. I'm goin to try & throw everything extra I have at it at HSBC. So hopefully I'll have it payed off in 3 months.
I dont think theres much I can do with Captial One other than a good will letter right? What should I ask for?
Now down to the nitty gritty US Collections West. Let me be honest I dont want to pay them, Im under the inpression that the damage is already done to my credit so paying really doesnt do much for me right now. So should I put some cash together & approch them with an offer to settle? Should I wait for them to contact me? They sent me a letter in January saying to contact them that they were willing to talk about a settlement. Of couse this was because tax time, but I didnt receive a refund.
So I signed up for the quarterly monitoring here & MyFico score with Transunion is 656 but the US Collections West account isnt listed on this credit report. I feel like that score is a lie.
The credit report & score I posted at first was from Experian. I'll pull Equifax eventually to see where I stand with them.
I got curious to see if the US CO West account was on Equifax..........Nope not there yay! lol My current score with EQ is 662.