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westcoastguy

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Everything posted by westcoastguy

  1. Specifically what I'm asking is this: Will paying this off, in effect lower my credit utilization rate on my overall credit report? Which I think it will. (hoping it will anyway)
  2. Trying to stay under 20% or so of credit utilization. But since I have these two old card accounts that are still reporting balances, even if I zero out my three active cards (which I just did) it still shows a high utilization on my report (since these old accounts are reporting) Does that makes sense?
  3. Here is how one of them looks on my report. (Discover) DISCOVER FIN SVCS LLC 601100XXXXXX $1,790 $500 358% Revo
  4. I got a $300 limit on an unsecured card, because I'm trying to rebuild and had no options. At 700+ you should be able to get a 5k-10k limit on your choice of cards I would think.
  5. Looks like it says "cards" to me? (Shrug) Yes, credit cards..
  6. Charged off in 2015 and 2016. I understand that a paid charge off is a derog. Totally get it. The score simulator on Experian (if it's accurate) is saying that by paying down my credit card debt to below 30% bumps me like 50 points. What I'm asking I guess, is: 1- Should I offer a PFD on these? 2- Just pay in full and wait 30 days till they report balance as zero. I know that a derog is bad, but paying this off will get it so that the only revolving credit card balance is the one I'm acutally carrying on my three cards. And I keep those below $100.00
  7. Have almost a year of good payment history on 3 cards. 2 secured, one not secured. Total credit line is $1,800.00 (lame I know.. but you gotta start somewhere) One of the big factors dragging my score down, is that due to 2 old credit card balances (about $3,000 in total) they are in collections for quite some time now, and are still reporting every month. So even if I have a zero balance on my three active cards. It still shows that I have $3,000 balance (due to the old cars) so basically it looks like I'm 200% over my credit limit. I have the money to pay
  8. Credit is one of the things when you have it, it's no big deal. Those that have good credit, and haven't ever been turned down for a loan.. don't realize the turmoil it can cause. Due to some unforseen challenges with a business partner, mine has taken a hit. It's been several years with crappy credit. Like many of you, I kinda got to the point of saying "screw it.. who needs credit. I make a good income, I'll pay cash for everything" Scared to look at it, didn't want to know. And basically thought it was unfixable and I would have bad credit forever. Whatever... I guess like someo
  9. Yup agreed. However, I'm not bitching about the loan balance or blaming them per se. More trying to find a constructive way out of this so that they can legally (and within their rules) report this loan as current. As others have suggested, I may try a GW letter. Last ditch effort I guess.
  10. Right. I totally understand that. That was more for background on the situation. I take responsibility for not making sure that was done. My main question has to do with finding a way to have them report the loan as current until we pay it off or sell etc...
  11. So I've gotten help from the board on to pay/not to pay on some collections etc. Other than a couple of collections on my report right now. I have the following positive lines: 3 Credit cards totalling $1,800.00 available. Have been running a balance on them but I figured out the reporting dates, and I'm making sure they are below 5% each month Car loan starting in Jan 18. All current. Positive. The one nagging issue is this: I have a note on a car (5 years) with a local bank. During the time of the loan for some reason the Bank wasn't added (or showing) on the insurance po
  12. Yeah.. Good call. Here's the others. CREDIT COLLECTION SERV XXXXXXX PROGRESSIVE Dec 1, 2013 $587 $587 725 CANTON ST NORWOOD, MA 02062 (855) 304-8921 CREDIT COLLECTION SERV XXXXXXX ESURANCE AN ALLSTATE COMPANY Jun 1, 2017 $618 $618 725 CANTON ST NORWOOD, MA 02062 (855) 304-8921 PORTFOLIO RECOV ASSOC XXXXXXXXXXXXXXX CAPITAL ONE BANK USA N.A. Jan 1, 2017 - - 120 CORPORATE BLVD STE 1 NORFOLK, VA 23502 (757) 519-9300 CBE GROUP XXXXX INTERMOUNTAIN HEALTHCARE Jun 1, 2017
  13. Thanks I think that's good advice. I would feel better just having it paid and out of my life.
  14. Discover doesn't do PFDs, but they do sue. I'd make arrangements to pay it. I doubt you'll be able to dispute it off, but maybe someone else has had a better experience than that. This info is based on what I've seen Discover do with others. I went through the big credit crunch of 2007, and Discover was good to me. When other cards were cutting my limits, Discover and AmEx did not. They can be hard to deal with though if you default. Good intel, thanks. I guess the question is.. what will this do to my score if I contact them and pay this off?
  15. In the processing of rebuilding my (our) credit. Current FICO 8 is 545. Yeah.. sucks. Big time. But, the good news is that I started the long game last June, I got two secured credit cards One with a 1,000 CL, and another with 500 CL. Also got an unsecured card for $300.00 All have been paid on time, closing in on a year. So that's helping. Got a car loan started in Jan of this year, all payments made on time What's killing me is the collection accounts. I've been going through them and offering PFD. I started with 8 collection accounts, and now down to 5. However... t
  16. +1 +2 Fake scores lead to false impressions. On the other hand, if that's a real FICO score you may have been rebucketed. You are undeniably more creditworthy without the tax liens, which will bear out when any credit application is manually reviewed by a human. Got it. Starting to understand the re-bucketing. And I totally agree with you, to a human reviewing the credit report.. yeah, I would rather not have them on there. But while I'm grooming my report and paying attention to every little change and increase/decrease. This sucks. Had my score above 600 in I d
  17. +1 +2 Fake scores lead to false impressions. On the other hand, if that's a real FICO score you may have been rebucketed. You are undeniably more creditworthy without the tax liens, which will bear out when any credit application is manually reviewed by a human. Got it. Starting to understand the re-bucketing. And I totally agree with you, to a human reviewing the credit report.. yeah, I would rather not have them on there. But while I'm grooming my report and paying attention to every little change and increase/decrease. This sucks. Had my score above 600 in I d
  18. Signed up for Experian, and get the alerts there when my score goes up and down. They claim that's the FICO score. Is there a more accurate place to get them?
  19. I've been reading the board for quite a while. Had many false starts on my credit building repair journey. Including the last 5 years where I just thought "Screw it, I'll make a ton of money and not have to worry about credit" But the honest truth of the matter is, it has cost me a fortune by having bad credit. -Higher Insurance Premiums (by 3X) -Higher Interest Rates -Unable to rent a car at some places You all know, the list goes on and on. Current score at Exp is 605. One baddie is a car loan that was 60+ days past due. Got that caught up, and applied for 2 secured c
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