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rebuild log, could use help/input

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Anonymous
Not applicable

rebuild log, could use help/input

hey guys, i just registered, never heard of this site before, but from the little reading that i've done already, looks like an incredible community!

 

i'm 32, spent my late teens and early 20's goofing off like most people do, and up untill about 3-4 years ago, i didnt really care about credit history at all. racked up a bunch of collections, judgements, etc. around 2012 i started thinking about it some more, but had a very rough work history, bounced around from job to job with very spotty income. so i couldnt do much for my credit.

 

a little over a year ago, i was around 520 fico score, 1 300 dollar capital one card, AU on my mom's card with about 12 yrs of great history, about 5k worth of collections, repo's etc. i got a great job, been there just over one year now, making pretty good money, roughly 9-10k/mo pre taxes working 70+ hrs a week. since then, i paid off all my collections, had one auto loan that went into repo/charge off, settled that one.

 

here's whats currently on my credit:

BMW financial services

Account Type Installment Loan
Terms 65 Months
Date Opened 08/01/2010
Account Status Closed
Payment Status Paid
Payment Status Details Paid satisfactorily
Status Updated 02/01/2011
original amount 17,692
 
this was my first motorcycle loan, had it for about half a year before it got stolen, loan was paid off by insurance and closed
 
BMW Financial Services

Account Type Installment Loan

Terms 49 Months

Date Opened 03/01/2016

Account Status Open

Payment Status Paid

Payment Status Details Current

Status Updated 09/01/2016

Balance $19,456.00

Balance Updated

-

Credit Limit

-

Past Due Amount

-

High Balance

-

Monthly Payment

$312.00

Balloon Payment

$9,103.00

Contact Phone

Contact Address

Ownership Joint Account

Original Creditor

Company Sold-to  

Original Amount $20,387.00

 

bought this bike earlier this year with my ex helping me cosign, at the time my auto pull was 569, just below BMWFS  minimum to approve. so far 6 months of on time payments, great standing

 

CAPITAL ONE BANK USA N

Account Number

517805XXXXXX

Account Type Credit Card

Terms Revolving

Date Opened 09/01/2007

Account Status Closed

Payment Status Paid

Payment Status Details Legally paid in full for less than the full balance

Status Updated 01/01/2012

Balance  

Balance Updated

Credit Limit $300.00

Past Due Amount

High Balance

Monthly Payment

Balloon Payment

Contact Phone

(800) 955-7070

Contact Address

15000 CAPITAL ONE DR, RICHMOND, VA 23238

Ownership

Individual

 

screwed this one up but its 4+ years old, shouldnt matter much i dont think? even though i was 120+ days past due on this one

 

CAPITAL ONE BANK USA N

Account Number 517805XXXXXX

Account Type Credit Card

Terms Revolving

Date Opened 05/01/2014

Account Status Open

Payment Status Paid

Payment Status Details Current, was past due 30 days

Status Updated 09/01/2014

Balance $468.00

Balance Updated

Credit Limit

$650.00

Past Due Amount

High Balance $728.00

Monthly Payment $25.00

Balloon Payment  

Contact Phone (800) 955-7070

Contact Address 15000 CAPITAL ONE DR, RICHMOND, VA 23238

Ownership Individual

 

this one says it was past due 30 days, i called and asked them for GW removal of the late payment, had one slip up, otherwise its a solid 2+ years of on time payments

 

CAPITAL ONE BANK USA N

Account Number 517805XXXXXX

Account Type Credit Card

Terms Revolving

Date Opened 04/01/2005

Account Status Open

Payment Status Paid

Payment Status Details Current

Status Updated 09/01/2016

Balance $5,200.00

Balance Updated  

Credit Limit $9,000.00

Past Due Amount  

High Balance $6,000.00

Monthly Payment $52.00

Balloon Payment  

Contact Phone (800) 955-7070

Contact Address 15000 CAPITAL ONE DR, RICHMOND, VA 23238

Ownership Authorized User

 

this is my mom's card i was added to. long history on this one, but the balance on it might screw with my utilization?

 

CAPITAL ONE BANK USA N

Account Number

517805XXXXXX

Account Type Credit Card

Terms Revolving

Date Opened 04/01/2016

Account Status Open

Payment Status Paid

Payment Status Details Current

Status Updated 09/01/2016

Balance -

Balance Updated -

Credit Limit $3,500.00

Past Due Amount -

High Balance $3,687.00

Monthly Payment $29.00

Balloon Payment -

Contact Phone (800) 955-7070

Contact Address 15000 CAPITAL ONE DR, RICHMOND, VA 23238

Ownership Individual

 

this is my 2nd most recent credit card, was pleasantly surprised they started me off with 3k line and after 5 on time payments they bumped it to 3500 automatically. this one has a perfect 6 months payments so far

 

CREDIT ONE BANK NA

Account Number 546645XXXXXXXXXX

Account Type Credit Card

Terms Revolving

Date Opened 06/01/2016

Account Status Open

Payment Status Paid

Payment Status Details Current

Status Updated 09/01/2016

Balance $3.00

Balance Updated -

Credit Limit $500.00

Past Due Amount -

High Balance $500.00

Monthly Payment $3.00

Balloon Payment -

Contact Phone (702) 269-1000

Contact Address PO BOX 98875, LAS VEGAS, NV 89193

Ownership Individual

 

most recent card, perfect payment history, hoping for an increase in another month or so

 

CREDIT ONE BANK NA

Account Number 444796XXXXXXXXXX

Account Type Credit Card

Terms Revolving

Date Opened 11/01/2014

Account Status Open

Payment Status Paid

Payment Status Details Current

Status Updated 09/01/2016

Balance $14.00

Balance Updated -

Credit Limit $800.00

Past Due Amount -

High Balance $811.00

Monthly Payment $14.00

Balloon Payment -

Contact Phone (702) 269-1000

Contact Address PO BOX 98875, LAS VEGAS, NV 89193

Ownership Individual

 

this line started with 300 line, perfect history on this one, 2 credit line increases since beginning, hopefully another one in a month or so.

 

DIVERSIFIED CONSULTANT

Account Number 388463XX

Account Type Collection

Terms 1 Month

Date Opened 11/01/2015

Account Status Closed

Payment Status Paid

Payment Status Details Legally paid in full for less than the full balance

Status Updated 01/01/2016

Balance -

Balance Updated -

Credit Limit -

Past Due Amount -

High Balance -

Monthly Payment -

Balloon Payment -

Contact Phone (800) 771-5361

Contact Address 10550 DEERWOOD PARK BLVD, JACKSONVILLE, FL 32256

Ownership Individual

Original Creditor SPRINT

Company Sold-to -

Original Amount $301.00

 

this is the only collection i have left on my history right now, i actually paid it in full, called the CA but they said they wont be able to remove it or change anything with this one Smiley Sad

 

MCYDSNB

Account Number 441052XXXXXX

Account Type Unknown

Terms Revolving

Date Opened 11/01/2014

Account Status Open

Payment Status Paid

Payment Status Details Current, was past due 30 days

Status Updated 03/01/2015

Balance $77.00

Balance Updated -

Credit Limit $500.00

Past Due Amount -

High Balance $343.00

Monthly Payment $27.00

Balloon Payment -

Contact Phone (800) 243-6552

Contact Address 9111 DUKE BLVD, MASON, OH 45040

Ownership Individual

 

macy's card, started out with 300 dollar credit line, they actually decreased the line to 200 then again to 100. 1 late payment on this one in feb 2015, otherwise perfect history, i'll be sending a GW letter to them, see if they can help me out with an otherwise perfect record.

 

SANTANDER CONSUMER USA

Account Number 300001XXXXXXXXXXX

Account Type Installment Loan

Terms 72 Months

Date Opened 05/01/2016

Account Status Open

Payment Status Paid

Payment Status Details Current

Status Updated 09/01/2016

Balance $29,697.00

Balance Updated -

Credit Limit -

Past Due Amount -

High Balance -

Monthly Payment $639.00

Balloon Payment -

Contact Phone (866) 923-9282

Contact Address PO BOX 961245, FT WORTH, TX 76161

Ownership Individual

Original Creditor -

Company Sold-to -

Original Amount $30,715.00

 

this is a pretty **bleep**ty loan, super high interest (15%) i bought the car because i wanted to help build my auto weighted credit history/score with the intention of keeping it for about a year then either REFI or sell it and get something else. 6 on time payments so far, everything gravy.

 

SAVON FINANCIAL

Account Number 9XXXX

Account Type Installment Loan

Terms 18 Months

Date Opened 08/01/2013

Account Status Closed

Payment Status Paid

Payment Status Details Paid, was past due 30 days two or three times

Status Updated 01/01/2015

Balance -

Balance Updated -

Credit Limit -

Past Due Amount -

High Balance -

Monthly Payment -

Balloon Payment -

Contact Phone (626) 332-9200

Contact Address 112 N GRAND AVE, WEST COVINA, CA 91791

Ownership Individual

Original Creditor -

Company Sold-to -

Original Amount $3,670.00

 

bought an old bmw beater to get around, had 2 late payments, otherwise perfect history, gonna send a GW letter to them, hopefully change those 2 late ones

 

TOP FINANCE COMPANY IN

Account Number 301502XX

Account Type Installment Loan

Terms 36 Months

Date Opened 01/01/2015

Account Status Closed

Payment Status Paid

Payment Status Details Paid, was past due 60 days

Status Updated 11/01/2015

Balance -

Balance Updated -

Credit Limit -

Past Due Amount -

High Balance -

Monthly Payment -

Balloon Payment -

Contact Phone (818) 701-3710

Contact Address 8407 FALLBROOK AVE STE 2, CANOGA PARK, CA 91304

Ownership Individual

Original Creditor -

Company Sold-to -

Original Amount $10,248.00

 

bought a 2002 m3, got in an accident, while the insurance was in process of paying off the loan, i didnt make 2 payments, 60 days late. i called them, they said they can delete the late payment once i send them a letter - YAY

 

WFDS

Account Number 515780XXXXXX

Account Type Installment Loan

Terms 48 Months

Date Opened 05/01/2012

Account Status Closed

Payment Status Paid

Payment Status Details Paid, was a charge-off

Status Updated 02/01/2016

Balance -

Balance Updated -

Credit Limit -

Past Due Amount -

High Balance -

Monthly Payment -

Balloon Payment -

Contact Phone BYMAILONLY

Contact Address PO BOX 1697, WINTERVILLE, NC 28590

Ownership Individual

Original Creditor -

Company Sold-to -

Original Amount $8,432.00

 

 

this is the one that's **bleep**ing me... bought a truck, lost my job, moved from tx to cali, couldnt make payments for over a year, truck got repo'd then charged off, they auctioned the truck and there was a remaining balance of ~1600. i settled that amount for 1200 earlier this year

 

my current FICO scores are: 648EQ 634TU 647EX

 

auto 8 scores: 575EX 615TU 618EQ

 

i'm currently using about 2k/month with credit cards, but paying them off in full just before cycle end, is this a good strategy or should i do something different?

 

my goal is to get above 700 in the next 6 months, ideally with the auto 8 score... is that possible with just staying on top of payments?

 

anything i can do about the bad auto loan with WFDS?

 

i'll take any and all criticism/advice i can get. i've been obsessed with my credit history/score for the past year, i literally check my score every day first thing in the morning, check my CC balances and loan payment due dates at least 2-3 times a week to make sure im not forgetting anything.

 

i'd like to get rid of the current car loan and buy a new BMW M3 around march time for my birthday, BMW will finance tier 1 credit at 675 auto pull, will ~1 yr of solid car loan payments +bike loan payments get me there? i'll be planning on selling the car a month or so before buying a new one to make sure my credit is updated with this loan being paid off, that should hopefully bump up my score a good chunk. another option is to get a credit union loan, gonna try the NLUS membership to get in with NFCU.

 

i have 8 inquiries in the past year, wanna avoid any more unless i have to with NFCU.

 

i'll keep everyone updated on the progress, just really hoping i can get close to or above 700 by march, would be a sweet birthday present for myself Smiley Very Happy

 

thanks for any and all advice guys!

3 REPLIES 3
Anonymous
Not applicable

Re: rebuild log, could use help/input

no comments? Smiley Sad

Message 2 of 4
Anonymous
Not applicable

Re: rebuild log, could use help/input

Wow, that is a lot of info!  It is kind of difficult to sort through an entire credit file and make heads or tails of it. You may get more responses if you consolidate your info into just the useful info- AoA, balance, CL, #lates, open/closed. And sort the CCs, loans, collections.

 

With scores getting into the early-mid 600s, I would start looking for cards to replace those predatory Credit 1 cards.

 

If GW fails (which is usually a long shot) the only thing that will clear your record is time. That is a lot of lates across a lot of accounts. It will really be difficcult to get them all removed.

 

That is a big jump you are looking for on the Auto scores. Not sure it will make it all the way in just 6 months.

Message 3 of 4
Sbrooks1
Valued Contributor

Re: rebuild log, could use help/input

 I will PM you other boards that may help

Message 4 of 4
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