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Established Contributor

Re: Congrats on the approval and satisfying your debts! Get t...

I just paid off debt in CA in SOL . So good lol 

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Message 11 of 14


Hey everyone,


Just want to say that within the past few months - after "settling in full" all my debts, and officially being DEBT FREE, that my credit score as risen almost 100 points!


It still isn't great though, but I am so excited to finally be out of the 500's in regards to my FICO score only. For some reason, the credit bureaus (individually) still have me in the upper 5's (but hoping to turn this around soon as well!).


I have established two new credit cards through Capital One- and I have been paying them EARLY or on time, every time.


Here is the thing though.. I am about to go for  a mortgage loan very soon, with a credit score (MYFICO score) of only 617. To be approved for the FHA loan I know you need at least a 639/640. I know it is possible for me to get there, but I need it to happen like overnight, lol.


After I settled all my debts, I tried doing a couple GW's but didn't hear anything. Right now, I have $0 balances on all my debts listed on my credit reports, but they all say Charge Offs & the payment history is still VERY bad.


What do I need to say in my GW letters to have all this BAD stuff removed/adjusted?


Thank you so much for all your help!!

Message 12 of 14
Regular Contributor


I am so happy to read this!! Way to go!! It gives me so much confidence to read such great success stories. I'm going to be paying off most of my bad debt when my tax refund and annual bonus come to me in the next 30-45 days, and I hope that my credit score jumps as much as yours did! I'm also working on getting some of my PIF collections off of my CR - so hoping that in the next 6 months or so that I have a huge jump too! Congrats!

Message 13 of 14
New Contributor


Do you have a significant other or family member that will add you as an authorized user on one or more of their credit cards?  If so that would give you an instant score boost.  Hopefully it will be an old account that has never been late and is at a 0 balance. Even better if the limit is over 2K.

Message 14 of 14