@Anonymous wrote:Hi everyone! I am new to this whole credit forum thing, so please pardon me if I dont use exact words. I need help with my credit. I have been obsessing over this for the last few weeks. I am trying to rebuild my credit but I have no idea how. I think I am on the right path, but not sure. I made tons of mistakes when I was younger, with no regard. I currently am working on my credit. I have a fico of 607 ex, 579, tr, and 569 eq. I have a tax lien on there, from something that happened 6 years ago. I have a total of 11 collection accounts, with total debt of 3300. Most of these collections accounts are hospital bills. One charged off credit card, and thats pretty much it. I have 2 accounts scheduled to be removed in 2 weeks, which will take me down to 1200 total debt. I disputed a few bills on my credit. Not sure if I should just wait for them to fall off or what to do. I also have 3 hard inquiries dropping 2/26. Jut got approved for a target credit card. Just trying to see systematically what is best to do for me to get my credit up to 700 by April. Please help. Btw I need that for a business loan, just graduated and opening a print shop. Thank you.
Welcome to myfico. Wonderful site to help with rebuilding credit going forward. To be realistic, I don't think you'll be able to get your score up to 700 this quickly unless you can get all the collections, tax lien, and lates removed from your report. Read up on PFD (pay for delete) and GW (good willing) on the forum. Which debts are you able to pay in full and request PFD? I've been rebuilding for almost a year and a half and am still waiting for a paid collection to fall off along with the late payments from that charged off account. You need to have 3 positive tradelines, preferably bank cards reporting, and 1 installment loan in good standing for FICO scoring purposes. With your current scores, you could be looking at having to get secured cards and a secured loan to get going. You can check the prequal site for Capital One and see if anything shows up. I have never had any dealings with Open Sky and Milestone, but I don't recall seeing anything too negative on the forum about them. STAY AWAY FROM CREDIT ONE. Congrats on the target approval. I don't have any experience with tax liens, so I can't offer any suggestions there. My story is involves having some financial problems in late 2008 through 2009 and I messed up my credit then. Didn't really started rebuilding until late 2014. You have to take care of the negative things on your report, obtain positive tradelines, and time is your best friend. Good luck.