Hey all. Long story short, I opened 5 credit cards and maxed them out. I lost my job and went almost 7 months without making any payments.
Amex $5000 limit 30/60/90 days late reported
Chase $4800 limit 30/60/90 days late reported
Chase $6300 limit 30/60/90 days late reported
Discover was $1000 limit, lowered to $500 no lates $0 balance
Capital One $500 limit , $0 balance, no lates
I have a car loan that I am the co-signor on. The vehicle is mine, but someone else makes the payments. $11,000 still owed. No lates.
Starting in July last year I got a new job and I started paying off debts. Chase closed both accounts but got me on a 0% interest for the next 5 years, and I have autopay setup. I just paid off my Amex, and it has a $650 balance from my monthly expenses. The statement closes in a few days.
I plan to start sending GW letters to Amex in hopes to get the late payments off my account. My credit score in Credit Karma and Mint is 619. I still owe $6,000 and $4,2750 on my chase accounts. I have been on a payment plan since Sept 2018. Should I start trying to get those lates removed or do I need to pay the balances off first? What do I need to do to start increasing my score?
