Feeling a bit defeated ...

[seetheworld1]

Okay guys. I’m a bit dejected right now. I have a thin credit file – one 2.5-year-old auto loan, paid on time, and a two-month old Cap 1 secured card with a limit of $350. My negatives are a paid IRS tax lien that was satisfied in 2012 ($21K) and a civil judgment that was satisfied in 2010. I applied to have the tax lien withdrawn under the Fresh Start program, and the IRS initially said yes, and now they’re saying no because they accepted a settlement and so don't qualify for the withdrawal. I’m so frustrated. EQ is my cleanest report, showing the positive TLs but also the lien. EX and TU show both the lien and the judgment. My EQ Fico score is 679. I make $57K a year. Do you think DCU, which I understand pulls EQ, would approve me for a credit card? Not sure if Logix would approve me, and I doubt Discover would either. I need to add another positive TL to raise my score but I don’t want to waste and inquiry and ding my score if it’s not likely to be a favorable result. I appreciate your advice. Thanks.

[RBinAK]

My advice is to take 50% of one paycheck and use it to open a secured card with a local cu. Logic and dcu are nice but a local cu is invested in the community.

[RBinAK]

Ask if the secured card is no check with membership.

[moosetracks]

File a motion to vacate the judgment in the court that granted it based on the fact its been paid.

[seetheworld1]

Okay guys, just to update you: I got my nerve up and applied today for a DCU cc. They APPROVED me for $7,500 and for an auto loan!! I'm so happy.

[chugs102]

congrats on the approval.

 

Get several more cards to fatten your file. Use the creditpulls database and target EQ pullers for your state.

[seetheworld1]

congrats on the approval.

 

Get several more cards to fatten your file. Use the creditpulls database and target EQ pullers for your state.

I will, chugs, thanks so much. I'll let the new card report for a few months and then try for a couple other cards. Hopefully by then I'll have gotten rid of the lien and/or judgement.

[funkiehouse]

It might be worth doing a mini spree today for EQ pullers. I would forget about Discover until you're above 720. I do think Logix is an option. Thin is better than having a bad history, well usually. Since the leon was satisfied and your income is good I think it's worth a shot.

[aeromaks]

Congrats. 679 is not that low of a score....

[seetheworld1]

Thanks, all. I'll give it a try!