Rebuilding, Rebuilding, Rebuilding

[credittrouble]

So I cleaned up my credit as much as possible. I have two car notes both current never late for a year on one and 4 months on the other one, and a Conns account over a year that is perfect. I have two questions. I have a debt of about $500.00 for an old bank account thta is showing as a charge off, I tried PFD, calling them etc. they said that if I paid they still won't delete, should I pay anyways. It does not fall off until late 2013. Secondly, I pulled the trigger and applied for Capital One and was approved for a small limit of $300.00. How do I use this card to best rebuild and increase my credit score? Thanks for any input. This board works if you pay attention and do the work that is required, and I could'nt have done it without yall.

[Lainey]

That's a huge jump in a short time!

 

I'm not an expert here, but I do know with your new credit card, you want to keep the utilization low, I've heard 15-20% but I could be wrong on that number.

[credittrouble]

That's a huge jump in a short time!

 

I'm not an expert here, but I do know with your new credit card, you want to keep the utilization low, I've heard 15-20% but I could be wrong on that number.

 

 

It took alot of work and diligence not to mention about $1k in postage Well worth it though

[Lainey]

I hear you! Great job! I've been working on my credit and my husband's since 2008, but it seems like I go through seasons of wanting to work on it, then getting discouraged and putting it on the back burner for a while. I wish I would have kept with it diligently though because we've been wanting to buy a house forever, and while I have made a lot of progress, we're still not there yet.

[patz2009]

Now it's time to make that score work for you. Get a loan and earn back that $1000 you spent on postage.

[Credit Mama]

Thats pretty damn awesome. Congratulations.