All,
Looking for some advice. Never have had credit problems in the past. My previous credit score was in the 750-760 range. However, last fall, I was in a motorcycle accident where the bike was totalled. I thought the insurance company had paid off my creditor (VW Credit). However, the account went 60 days late before it was paid off and closed (30 days late 11/17 and 60 days late 12/17). My credit score absolutely plummeted; here's why I stand now:
Demographics:
-27 year old male
-Salary: $187k/year
-Renting an apartment, own one car
FICO Score 8
EQ: 659
TU: 671
EX: 664
My accounts are as follows:
Chase Credit Cards (Sapphire Reserve, Prime Signature, Freedom Card): Total CL of $45,000
Auto Loan: 36 months at ~$1055/month
I always pay off the full statement balance every month.
No major purchases planned in the near future, but I would like to retain the option to apply for new credit cards etc. As a result, I want to recover my score as fast as possible. What would the group recommend?
