Trying to browse the site to find some answers, but figured I'd put the story up, maybe find some answers. I've put questions in red.
My credit life started in 2002, with an RBC Visa cosigned by my mother, with me at age 18. All was well until 2004 when she died, leaving me a college dropout looking for an apartment.
Managed to get by until 2007 when a motor vehicle accident really changed my life....my DL was suspended for too many points on driving without due care and consideration (Young and stupid, full responsibility here), vehicle was a write off, which in turn cost me my job (Driving for a living, + suspended DL), which in turn cost me my apartment.
At this point the bills started to pile up. Accounts looked like:
-RBC Visa: $1500 balance sent to collections fall of 2007. Balance paid year end 2008. Remains on my credit report.
-Cell phone company: Bill got up to $1300 dollars before they canceled it and sent to collections fall of 2007. (A 'buddy' really screwed me on this. Supposed to be helping me out, making long distance calls to his G/F out of country) Balance paid year end 2008. Remains on my credit report.
-Car insurance: I was paying month to month on a 'payment plan'.....not financing! When I wrote the car off I sold the remains to a wrecker, including transfer of title, unbeknownst to me my license plates continued to insure a car that didn't belong to me, didn't physically exist anymore, even though they were sitting in my closet. That started reporting as bad debt in the fall of 2007, balance was paid winter of 2008. Remains on my credit report.
-Car loan from a local community credit union: Borrowed $18,000, balance of $9,000 was written off as bad debt winter of 2007. I paid the final balance in full winter of 2008. This is not displayed in my Transunion report. I've got my fingers crossed that this could be a good thing? What could I be missing? The loan was in a charge-off state when I paid them, is it possible they don't report or pulled it off the report when I paid them?
HBC Mastercard: Low balance, maybe $150, no delinquencies. Was still reporting until I called them last week to see if I could get a card, at which point they closed the account with no input from me. Apparently it was supposed to be closed years ago due to inactivity but was missed.
-Wells Fargo Revolving Credit: Limit $1500, high balance of $200, no delinquencies. Closed Fall 2008 due to inactivity. Reports all good.
So last debt was paid January of this year, no activity since then. I've got a TransUnion score of 617. I cannot get an equifax score because I don't have a proper credit card in which I am the primary card holder. Anybody know any loopholes around this?
In the last 2 years, I've got three hard inquiries. One from a CA, one from my current bank which is relatively new, and one from Capital One for the secured card I've just applied for. 10 Inquiries in the last 5 years.
TransUnion is reporting zero active accounts for the last 12 months, however when I look at the trends-->delinquencies page, on the graph I can see 4 dots for the year of 2009. This is clearly impossible unless I'm being scammed, I'm wondering if this information will carry any weight on my score when it does not match the profile itself?
I've got the Cap One secured I've just applied for, and also my GirlFriend has a proper Visa with an $8,000 balance of which she is carrying about 55%, and she has just named me as an authorized user. I am not certain if that is going to change my status or not? I would like to try and get a small car loan next spring, perhaps $4,000 borrowed, $2,000 down. Household income is in the $80,000 range, anything else I should be doing at this point?
Thanks much for reading, and any insight you may offer.