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Rebuilding, Rebuilding, Rebuilding


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5 replies to this topic

#1 credittrouble

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Posted 21 June 2012 - 05:15 PM

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.

#2 Lainey

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Posted 21 June 2012 - 07:33 PM

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.

#3 credittrouble

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Posted 21 June 2012 - 07:36 PM

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

#4 Lainey

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Posted 21 June 2012 - 07:41 PM

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.

#5 patz2009

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Posted 21 June 2012 - 08:13 PM

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

#6 Credit Mama

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Posted 21 June 2012 - 10:14 PM

Thats pretty damn awesome. Congratulations.




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