ProllyUrDad

Hello, thanks for your comment! The credit builder accounts, AVA, Cred.AI, Kikoff, and StellarFi are revolving lines of credit. With these accounts, I currently have $9000 in a revolving line of credit that will be added to Experian, Equifax, and TransUnion. I am now considering adding the "Self Credit Builder Loan" to add some positive payment history. They report to 4 bureaus, Experian, Equifax, TransUnion, and Vantage. Self is an installment loan, but they give the money back I've paid into it every month after 24 months.

Understood, thanks for your help I really appreciate it. May ask why you suggest not rushing out to get 5 credit builder accounts? I was about to get a 4th until I saw your message. I thought I should ask first, I now have 3 lines of credit, and I was thinking about adding a Self "Credit Builder Loan" to build up some positive payment history. From your response, it sounds like opening up to many accounts at once would be a bad idea?

Yes that is my full credit report, I don't have any open credit cards. I went ahead and followed your advice, I opened up an account with two credit builder credit cards because I dont think I'll be approved for a traditional or secured card. I signed up with Cred.ai, and AVA, Cred.ai reports a $1,500 line of credit, AVA reports $2,500, I'm thinking of also adding Self or Kikoff, do you think I'm adding too much? Also, were their any services you recommend?

@shifter Also, what "10 other things" you suggest I do that would be more effective? Thank you!

Thanks!

Hey @shifter, thanks for your reply. Not sure if I can post the source here, but the place I found seems to be very legitimate. They've been in business since 2010 and even offer refunds. Regarding why my credit score is so low, my current utilization is at 89%, and I have a few negative remarks: 1. Loan: Credit Limit: $50,000, Balance: $44,338, and 2 Late Payments 2. Charged off auto loan: Original balance: $27,950, Balance Past Due: $19,551 3. Credit Card Collection (Was sold to collection agency): Balance: $892 4. Credit Card Charge off: Credit limit $3,000 - Balance: $890 5. Credit Card Charge off: Credit limit $848 - Balance: $124 6. Credit Card Charge off: Credit limit $995 - Balance due: $1,575 7. Paid and Closed Accounts: 2 fully paid and closed credit card accounts I know, I was an idiot. I am not that idiot anymore and am determined to fix the mess I've created.

Hello Everyone, I will get straight to the point, due to some mistakes I made years ago my credit score is very low. My FICO SCORE 8 is 482 on Experian. I've started an online business that's making me money and as of recent I need a new Payment Processor. Without one I cannot do business online. The problem is my credit score is currently holding me back from acquiring one. My total debt is $67,380, I am thinking about buying a seasoned tradeline, with a 20K+ credit limit or higher with an age of 4+ years to offset my utilization and bring my credit score up. This will cost me about $570, my credit score needs to be a minimum of 500 to get a payment processing account, I'm only doing this because time is not on my side, and e-commerce is how I make my living, and take care of my family. Any opinions, advice, or experience you would like to share? Thank you!