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Question- My Rebuild Journey

Shawn19AL
Regular Contributor

Re: Question

Thanks everyone.

 

 

Message 11 of 42
Shawn19AL
Regular Contributor

Re: Question

Good morning

 

slowly chugging away over here.  Hopefully by end of 2019, I will be over the 640 goal.

 

Below scores were from 05/22

 

Experian 611

Equifax  628

TransUnion 619

 

 as of Today

 

Experian 632

Equifax 634

Transunion 625

 

 

I have to work on bringing my balance down on my NFCU Secured Card but Ive been paying 3 collections off monthly so its a toggle back between the both of them.

 

I'd like to qualify for a mortgage next Spring.

Message 12 of 42
crazedforcredit
Established Contributor

Re: Question

Congrats on your progress! I'm in the same boat of trying to pay off my last 3 derogs plus show usage and positive payment history on my 2 cards. My short term goal is a Discover card with a mortgage a couple of years out. The struggle is real!
Starting rebuild July 2019 EX 501, EQ 512, TU n/a CCT Fico 8 scores
Message 13 of 42
Shawn19AL
Regular Contributor

Re: Question

@crazedforcredit

 

Its so frustrating sometimes. If I could get a really good personal loan for $5k, Id just pay them all off and worry about paying that back.

Message 14 of 42
gdale6
Moderator

Re: Question


@Shawn19AL wrote:

Good morning

 

slowly chugging away over here.  Hopefully by end of 2019, I will be over the 640 goal.

 

Below scores were from 05/22

 

Experian 611

Equifax  628

TransUnion 619

 

 as of Today

 

Experian 632

Equifax 634

Transunion 625

 

 

I have to work on bringing my balance down on my NFCU Secured Card but Ive been paying 3 collections off monthly so its a toggle back between the both of them.

 

I'd like to qualify for a mortgage next Spring.


Keep up the good work!

Message 15 of 42
Shawn19AL
Regular Contributor

Re: Question

Thank you!!
Message 16 of 42
Shawn19AL
Regular Contributor

Re: Question

Im still chugging along over here with my collections.

 

Even though Im a little down , I am further long than August of this year.

 

I've paid around $5000 in collections in 4 months.  Ive paid off two Capital One collections via PRA  and three Synchrony Bank collections via PRA . I just set up a payment arrangement via PRA for the last two Synchrony collections, total of around $2700.  I plan to pay it off in 6 months. I've paid off Credence Resource Management  and Jefferson Capital

I have a small collection paying monthly from LVNV its $1100. I should be finished with that by March 2020. Maybe sooner.  Paying $55 a week. 

I also am making $55 a week to Ally finanical.  This will fall off my credit report in Feb 2020 though.  After I finish with the rest of my collections, I will up the Ally Financial to get rid of it sooner but its around $5000 left. 

 

I have one collection I havent touched yet with Complete Credit Solutions for $1723. Im holding off until I see what my bonus and taxes look like.

 

Its stressful but I'd like to get it done in order to qualify for a mortgage later in the year of 2020.    My Fico Scores in early December were 

 

 624 , 626 and 630.   My utilization is higher than it should be on my credit cards.  working on that as well as the collections.

 

Salary 65k but always forced OT so I sit usually around 80-90K yearly,

 

Discover $2000 CL  (3/2018)

Nrewards $2000 CL  (02/2018)

First Progress $200 CL ( Thinking about closing this one because of the AF ) (10/18)

First Access $375 CL  ( Thinking of closing this one because of the AF and monthly fee but I need a third card ) (11/18)

Major Financial Jewelers Club  $5000 CL  ( opened 11/ 2018)

Fingerhut  $1200 CL

Personal Loan $1000

 

Hopefully I'll be able to bump my discover and nrewards CLs in Feb/Mar of 2020. I'm praying when that Ally finanical comes off I get a boost. 

Message 17 of 42
Shawn19AL
Regular Contributor

Re: Question

Still chugging along over here.

I had to get a car for so I now have a car loan which slowed down my repayment on a few of my collection accounts. I wont get my 3 scores until my subscription starts again in March.  I know Experian is  624 because I had the subscription with them directly but cancelled before the next billing last week.

 

 

I now have $5048 in collections that shows on my credit reports

Complete Credit Solutions for $1723 

Portfolio Recovery $1506 walmart card( payment arrangement)

Portfolio Recovery $1232 amazon card ( payment arrangement)
LVNV $587 ( this is lower, CB updating slowly, will fall off in April)

 

Ally Financial $5k, not showing as it fell off my reports this year.  I send them $200 a month on repayment.

 

My credit cards/lines/loans are

Jewelers Club $5000 Opened 11/18

Discover $2000 Opened 03/19

NFCU Rewards $2000 Opened 02/19

Credit One $500 Opened 02/20

First Access $375 Opened 11/18 (thinking about closing before AF if I get increases on NFCU/Discover before 11/20)

Walmart Store Card $300 Opened 02/20

First Progress $200 Opened 10/18 (thinking about closing before AF if I get increases on NFCU/Discover before 10/20)

Capital One Auto Navigator $22k Opened 12/19

Fingerhut $1200 Opened 04/19

DCU Personal Loan $1k Opened 11/19 ( 6 month loan)

 

Message 18 of 42
Shawn19AL
Regular Contributor

Re: Question

I also have 3 charged off accounts negatively affecting me.

 

2 from First Premier and 1 from NFCU with an old secured  card. All three are paid and closed. They wont roll off anytime soon, so I'll be gardening and trying goodwill letters.

Message 19 of 42
Shawn19AL
Regular Contributor

Re: Question

Still chugging along

 

I now have $3416 in collections that shows on my credit reports ( however its really, $2871)

Complete Credit Solutions for $1321 ( just paid $403 on Friday, one more payment left)

Portfolio Recovery $1349 walmart card( payment arrangement)

Portfolio Recovery $604 amazon card ( payment arrangement) ( one more payment left $302.51)
LVNV $142 ) ( paid in full waiting on it to update)

Message 20 of 42
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