Where do I go from here?

[Anonymous]

It’s a long post but, where do I go from here? I am not sure what to do next. Do I just pay everything off and only charge 30% to the cards and pay them off every month or is there more to it? My goal is to buy a house. Hopefully by next summer. I, unfortunately, listened to Credit Karma before I did more research and opened more cards than I probably should have and charged a bunch but, I will have all the balances back at zero in 2-3 months.

Here is what I am doing: paying all current credit balances to zero with no more charging, paying off student loans currently in deferment.

This is where I am sitting at:

Scores

Wells Fargo Fico 9 score: 626

Fico 8 scores pulled from premium Experian subscription:

Experian- 657 Equifax- 643 Transunion: 661 Fico 8: 657

Collections

LVNV/Resurgent: $518 paid just waiting to be deleted from credit report

IC Systems: $253, waiting on a response from debt verification letter

What Is Reporting

Fingerhut: $73.06 out of $600 limit since Feb 2020

Capital One (authorized user, no card): $555 out of $9,500 limit since Nov 2014

Capital One (Walmart store card): $193.24 out of $300 since May 2020

Credit One $258.50 out of $300 since May 2020

First Premier: 270.83 out of $300 since Jan 2020

Synchrony Bank: $0 out of $1800 since Feb 2020 (never used)

Student Loans

Went through rehab and now in deferment due to being in school, no longer taking out more loans. Total: $39107.18

I also have some transferred closed student loans showing up as 120 days late with zero balances that I’d like to show closed, paid as agreed if possible. I am afraid to dispute it because they are from 2017. However, I will post these on the student loans section.  

[Jnbmom]

---

@Anonymous wrote:

It’s a long post but, where do I go from here? I am not sure what to do next. Do I just pay everything off and only charge 30% to the cards and pay them off every month or is there more to it? My goal is to buy a house. Hopefully by next summer. I, unfortunately, listened to Credit Karma before I did more research and opened more cards than I probably should have and charged a bunch but, I will have all the balances back at zero in 2-3 months.

Here is what I am doing: paying all current credit balances to zero with no more charging, paying off student loans currently in deferment.

This is where I am sitting at:

Scores

Wells Fargo Fico 9 score: 626

Fico 8 scores pulled from premium Experian subscription:

Experian- 657 Equifax- 643 Transunion: 661 Fico 8: 657

Collections

LVNV/Resurgent: $518 paid just waiting to be deleted from credit report

IC Systems: $253, waiting on a response from debt verification letter

What Is Reporting

Fingerhut: $73.06 out of $600 limit since Feb 2020

Capital One (authorized user, no card): $555 out of $9,500 limit since Nov 2014

Capital One (Walmart store card): $193.24 out of $300 since May 2020

Credit One $258.50 out of $300 since May 2020

First Premier: 270.83 out of $300 since Jan 2020

Synchrony Bank: $0 out of $1800 since Feb 2020 (never used)

Student Loans

Went through rehab and now in deferment due to being in school, no longer taking out more loans. Total: $39107.18

I also have some transferred closed student loans showing up as 120 days late with zero balances that I’d like to show closed, paid as agreed if possible. I am afraid to dispute it because they are from 2017. However, I will post these on the student loans section.  

---

Pay off the cap one , credit one and FP they are nearly maxed out .

Use the synchrony card for a small purchase or they may close it .

You certainly don't need to use 30% at all . Pay off the cards and just let a small balance report on one of the major cards . Rinse and repeat . 

And don't apply for anymore subprime cards , personally I would dump the FP.

[FireMedic1]

---

@Anonymous wrote:

It’s a long post but, where do I go from here? I am not sure what to do next. Do I just pay everything off and only charge 30% to the cards and pay them off every month or is there more to it? My goal is to buy a house. Hopefully by next summer. I, unfortunately, listened to Credit Karma before I did more research and opened more cards than I probably should have and charged a bunch but, I will have all the balances back at zero in 2-3 months.

Here is what I am doing: paying all current credit balances to zero with no more charging, paying off student loans currently in deferment.

This is where I am sitting at:

Scores

Wells Fargo Fico 9 score: 626

Fico 8 scores pulled from premium Experian subscription:

Experian- 657 Equifax- 643 Transunion: 661 Fico 8: 657

Collections

LVNV/Resurgent: $518 paid just waiting to be deleted from credit report

IC Systems: $253, waiting on a response from debt verification letter

What Is Reporting

Fingerhut: $73.06 out of $600 limit since Feb 2020

Capital One (authorized user, no card): $555 out of $9,500 limit since Nov 2014

Capital One (Walmart store card): $193.24 out of $300 since May 2020

Credit One $258.50 out of $300 since May 2020

First Premier: 270.83 out of $300 since Jan 2020

Synchrony Bank: $0 out of $1800 since Feb 2020 (never used)

Student Loans

Went through rehab and now in deferment due to being in school, no longer taking out more loans. Total: $39107.18

I also have some transferred closed student loans showing up as 120 days late with zero balances that I’d like to show closed, paid as agreed if possible. I am afraid to dispute it because they are from 2017. However, I will post these on the student loans section.  

---

Bold red are considered maxed out. Get them paid down ASAP. Plus having all accounts reporting balance is a ding also. Forget what the internet says about the 30% limit spend. Thats hogwash. You can charge all you want. Its whats reported each month. And you only want 1 card to do that preferably under <8% reporting. Plus if you cant pay it, dont charge it. Dont make banks richer by paying interest. Your util on each card is high, on 3 cards its super high. Pat them down and you'll see and decent score bump.