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Everything posted by frokey

  1. CapOne QuickSilver CL: $3000 9mo 0% APR Pulled TU: 650 FICO 8 and EX: 679 FICO 8 Ok, that's it for me for a while! lol Other Cards: Ollo - $1500 CL, CapOne - $1500 CL, Discover - $9000 CL
  2. Amex Blue Cash Everyday CL: $1000 Citi Double Cash CL: $1000 Both pulled EX - 679 FICO Sucky limits, but hopefully I can increase them soon. Other Cards: Ollo - $1500 CL, CapOne - $1500 CL, Discover - $9000 CL
  3. Thanks to all of you for all of the valuable advice! I think for now I'll stay put at least until I've built a bit of positive equity. My scores should also be even better at that point. I appreciate all of you!
  4. Believe me, I know! I was there for a while and it felt good. I just held on for too long. Sent from my iPhone using Tapatalk
  5. Powertrain warranty was 60K, but it seems like I read somewhere that they extended that to 100k when the issues started a couple years ago. I need to find that out for sure though. Sent from my iPhone using Tapatalk
  6. Might put that on a poster! Lol Mileage is approximately 65k. I’m really leaning towards staying put at least until I’ve got some positive equity in the deal. Sent from my iPhone using Tapatalk
  7. Hey MarvBear! The payoff is currently sitting at $12,750 and some change. Looking at valuations online, it seems I’d be averaging around $6,000 as a trade. Sent from my iPhone using Tapatalk
  8. Thanks for the thoughtful input centex! That’s a good point about paying more than the minimum. On the refi option, I wouldn’t even consider going for a term that’s longer than what I have left on the current loan. It would either be to get “right side up” faster, or to get a slight reduction in my monthly payment. And the lube comment was priceless! [emoji23][emoji23] Sent from my iPhone using Tapatalk
  9. Thanks cv91915! Good to know. Sent from my iPhone using Tapatalk
  10. Hey guys! Hoping you can give me a bit of perspective on the following... Back in 2016, I purchased a new Ford Focus out of desperation because my existing vehicle was dying quickly. (It wouldn't even crank again once I got to the lot! lol) My credit at the time was in the 500s, so I got a crappy interest rate of a little over 15% and a monthly payment of $450. Top that off with the fact that a Ford Focus isn't exactly ideal for a big guy who's 6'5, but hey, you do what you gotta to do. 🤷‍♂️ Fast forward to today and I'm much better creditwise: FICOs of 650 and 675 on TU and EX (706 if you include FICO 9). Based on KBB and Edmonds, it looks like I'm about $6500-7000 upside down on the loan which matures in September of 2022. In line with the title of this post, I'm considering the following: Refinance - get another loan at a lower rate, but not sure if they'd cover the negative equity. If not, this wouldn't be a viable option for me because I don't have that much cash on hand. Trade In and Buy New - get a new vehicle at a significantly lower rate and hopefully with some factory/dealer incentives, but would need to roll over the negative equity into that loan. Unfortunately, that would raise my overall loan amount. Stay Put - ride out the current loan until it matures in 2022. My only fear with this is the possibility of some type of transmission issue which is a known problem with this model. I've had some shuddering that I had them fix maybe a year and a half ago, but the problem came back. There's some class action stuff going on, but who knows when that would actually kick in in the event that I had issues. Don't really want to be stuck with a bum vehicle that I'm still paying on. As I said in my opening, I'd really love to get you all's opinions on the matter just to help me process things and make a wise decision moving forward. Thanks!!
  11. frokey

    What Next?

    Hey! Did you use the sample letter or the one in the Pay OC thread? Also, if you used the one in the thread, what did you put by "Re: Collection Account of"? I'm trying to see if the account number for that item on my credit report should go there, or if I should put my name there. Thanks!
  12. Pre-selected offer from Citi for a Double Cash card
  13. frokey

    What Next?

    Hey guys, I just submitted a dispute on the two collection accounts listed above going by the info in the Pay OC directly thread and the sample letter under "Letter for removing Paid collection accounts" with TU. Should I wait to see if TU removes the item before sending the letter to the CA, or go ahead and send it?
  14. Thanks Shifter! I appreciate the advice. Sent from my iPhone using Tapatalk
  15. frokey

    What Next?

    I did! I actually paid all of them directly (Chase, Target, Progressive, Comcast) I'll take a look at that link asap! Thanks!
  16. frokey

    What Next?

    Haven't done anything yet. Here's a pic of that section of my TU report.
  17. Thanks! And I'll take that advice at the end. I've got another recent post here that can give you more insight on my picture and maybe explain the scores. Here's the link...
  18. Hey all! I've currently got 3 credit cards (all acquired this year) and have read here and elsewhere the 5-6 revolving accounts is a good goal to shoot for. What I'm wondering is how long does it take to recoup from the score drops that happen when you add new accounts? The last one I got back in August knocked me down more than I was expecting, even though it was a fairly large increase to my credit line. I'm hesitant to apply for anything else without being fairly certain it's the right move for me in building my credit scores. As always, thanks for your advice!! TU FICO 8 - 634 EX FICO 8 - 663 EX FICO 9 - 695
  19. frokey

    What Next?

    Here are the DOFD based on Transunion report: Chase: 04/2015 Target: 04/2015 Credit Collection Service (Progressive): Placed for collection 04/2017 Diversified Consultants (Comcast): Placed for collection 07/2018
  20. frokey

    What Next?

    Thanks! I had some concerns about the cards since each time I get one it lowers my average age and I get another hard pull so my score drops. I'm worried about overdoing it. With the paid collections and disputes, does it help or hurt that they were paid off so recently?
  21. frokey

    What Next?

    Thanks! I’ll go back and pull the DODFs and post back. I don’t think the Ollo card has been around that long. Sent me a no fee offer and I bit. Not carrying balances, so it was good for me. No issues thus far. Sent from my iPhone using Tapatalk
  22. frokey

    What Next?

    Hey guys! I've been working on my credit this year and have made some good progress. I paid off a couple of debts and after several years of no cards, I added 3 with the last one having a great CL (for me at least!) Just wondering what I should do now outside of just waiting to let time do it's thing. My goal is to get my FICOs to at least the low 700s by 2020. Thanks for any suggestions and advice!! SCORES Experian Jan. 2019 - 558 (FICO from CapOne credit decision letter) Sep. 2019 - 663 (FICO 8), 695 (FICO 9) Transunion Jan. 2019 - 615 (CK) Sept. 2019 - 696 (CK) Sept. 2019 - 634 (FICO 8 from Discover) Equifax Sept. 2019 - 715 (CK) CARDS April - CapOne: $1K (CLI to $1.5K next month) 0% Util. July - Ollo: $1.5K 0% Util. Sept. - Discover: $9K 1% Util. BADDIES (from Transunion Report) Chase Settlement: PIF, was a charge off. Date Paid: 8/1/2019 Target Settlement: PIF, was a charge off. Date Paid: 10/18/2018 Credit Collection Service (Progressive): PIF, was a collection. Date Paid: 04/03/2019 Diversified Consultants (Comcast): PIF, was a collection. Date Paid: 2/5/2019 Satisfactory Accounts (from Transunion Report) Mortgage. Date opened: 10/2018 CapOne Date opened: 4/2019 Discover Date opened: 8/2019 Ollo Date opened: 7/2019 Auto (closed in 2011) Auto. Date opened: 8/2016
  23. Thank you!! Sent from my iPhone using Tapatalk

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