Welcome New Members!

[Icbto09]

Hello all! I’m very new here to CB and forums in general, but based on the rules and some of the posts I’ve already read, I can surmise this to be a wonderful community that I can’t wait to be more apart of. Thanks to everyone for all of the knowledge and experiences imparted here. I think joining here is just the change I’ve been seeking in my life. 

[MarvBear]

Welcome to CB.

 

 

[credithoarder]

Halli Hallo,

 

I am exited to be here and hoping to learn and pay forward any knowledge gained throughout my journey to others along the way. 

 

My short term goal is to learn how to execute the AZERO account balancing act to increase my score in the shortest amount of time. Unfortunately, I fall in the category of short credit history (< 2 years), therefore, I am constrained to take the scenic route before I can be offered low interest credit lines/loans.  I have added a car loan to pad my credit mix, four credit cards, and two store lines of credit. That said, I am using my credit cards as much as possible, paying statements in full, keeping my credit utilization rate below 10%, but keep a small balance (non-interest carrying - only a current balance) on one of my lines of credit. 

 

My long term goal is to qualify for any credit card or personal loans above $50k (unsecured).  I would like to use this line of credit to buy a small franchise business. 

 

My FICO/Vantage credit scores are above 700 (barely) across the bureaus, however, I fail to qualify for any personal loan above $1k because of my short credit history. I can't circumvent this roadblock despite any income $ amount that I disclose to lenders.

 

Any insight and help from the community would be very much appreciated.  

Edited October 1, 2021 by credithoarder

[VintageWillow]

Hi all. Returning after a LOOOONG hiatus. How's everyone doing?

[ViolentNomad]

I am exited to join! I’m looking forward to learn and gain immense knowledge! I understand it’s a marathon, not a sprint!

[MarvBear]

Welcome to CreditBoards.

[caliwayz]

Thanks for what you guys do, I am going to make this a good thing for my family!

[MaximumOverdrive]

Been lurking for 5 years. Thanks. Wealth of info in these boards. 

[MarvBear]

Welcome to CreditBoards.

[GigiDFW]

Hello!  I'm excited to be here to learn more about repairing my damaged credit/FICO scores.  I began my credit repair journey last month (July 2022) and my starting FICO8 scores are in the high 400's (yes, it's that bad! ☹️).

 

I had great credit until early to mid-2018 when "life happened" and now I have many collection accounts and charge offs that I've been avoiding dealing with.

 

To start the process I opened a $200 secured credit card account with OpenSky which has already reported to the bureaus which immediately helped boost my scores.  I have also opened a Seedfi $500 "loan" ($500.00 deposited by Seedfi into locked savings account and I pay $40.00/month until the $500.00 is paid/approximately 13 months and then I can withdrawal the money in the account); a Credit Sesame Cash Account and was just approved for an unsecured $300 CL CapOne credit card (after defaulting on a previous card in 2018 that they sold to a junk debt collector).  I did keep my CapOne checking and two savings accounts opened with little to no money in them so maybe that helped.  🤷🏻‍♀️  Needless to say, I was shocked by the unsecured approval by CapOne but I'll take it!  My shiny new card should arrive this week.  Other than OpenSky, none of these other tradelines have yet reported to the bureaus.

 

I've settled one charge off account, accepting a settlement of a little over $200.00 on a little over $800.00 owed to Chase (JPMCB). I sent the money order last week via CMRRR but have not yet received the green card back nor has the account updated on my bureaus (I pulled again yesterday 8/14/2022).

 

I'm trying to learn everything I can about utilization and how important it is to my FICO score.  I also want to learn:

 

1.  How to successfully send debt verification/validation letters as I don't recognize some of the accounts listed by the collection agencies on my credit reports;

 

2.  How to send cease and desist letters so the phone calls stop and they only communicate with me via mail; and

 

3.  How to successfully negotiate a fair settlement for the debts I can confirm I owe.

 

 

[MarvBear]

Welcome to CreditBoards.

[Ken201]

Good to back on creditboards. I started here in 2007 with a credit score of 486 and within 6 months had a 740. All thanks to the boards help. Unfortunately life has taken a toll and I have some work to do. 

[MarvBear]

Welcome back.

[Tyrant111]

Hi All! Joined a few years ago and have been checking in occassionally and grateful for the vast amount of knowledge being shared here.

[Blackfeather]

Hello Everyone! I joined a few weeks ago and am making my credit journey. I'm applying in Colorado and looking for more cards that pull from EQ or TU. Will keep browsing, but I will be posting my results to the collective once I get them.

[MarvBear]

Welcome to CreditBoards. 

[greendeh]

Hello everyone, and welcome to my frame of reference.

 

[tonyd62185]

How does one become a member so they can download material such as "Psych Doc's Transcripts?"

[MarvBear]

24 minutes ago, tonyd62185 said:

How does one become a member so they can download material such as "Psych Doc's Transcripts?"

Please note that you will need to be at MEMBER STATUS before you can access or download files that we host on CreditBoards. We also restrict Newbies posting abilities for a very limited period of time until you attain Member status.

Member status is achieved through posting. We don't publish the number of posts required, because it is designed to discourage spammers and scammers, but it's not a high bar. Thank you for understanding.

[mdmiller666]

On 2/9/2006 at 12:49 PM, Sadeyes said:

Thank you very much!! I have alot to learn and this site has me in awe!

I'm so glad I found this board. I hope it will help me improve my credit. Thank you all

[methusalem]

Hi! Just found this board and looking forward to starting life with a credit score, prepared. Best

[tonyd62185]

New to the board, but a bad credit score is not new to me. On here to change that.

[MarvBear]

Welcome to our community here at Creditboards.

First things first, a huge welcome! We're thrilled to have you join our passionate group of individuals. Whether you're a seasoned veteran or a curious newcomer, there's a place for you here.

Just a heads-up that your initial posts will be gently moderated while you gain your member status. This helps us maintain a healthy, respectful environment for everyone. Don't fret, though! It's a quick and transparent process, and soon you'll be enjoying full member access, including posting freely and joining in the discussions with equal gusto.

Speaking of discussions, know that our community runs on the dedication of wonderful volunteers. We all have lives outside of this space, juggling jobs, families, and maybe even pet iguanas (who, by the way, are always welcome in our hearts!). This means that answering your questions might take a little time sometimes, as the right expert might not be available instantaneously.

But rest assured, your questions will be answered! We have a fantastic team of knowledgeable folks eager to share their expertise, so just hang in there. Remember, patience is a virtue, and it often leads to even more meaningful conversations.

We sincerely hope you stick around and build a lasting history with us. This community thrives on the diverse perspectives and contributions of its members, and we can't wait to see what you bring to the table! So, explore, participate, ask questions (patiently!), and most importantly, enjoy the ride.