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Delta289's Credit Restoration Thread


delta289
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The last post in this topic was posted 3374 days ago. 

 

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My finances took a nose dive during my divorce back in 2008, and for a long time, I was happy to have my head in the sand. But then reality set in. I wanted to be able to buy a new car, own a home, and gain access to credit. So over the last 2 years, I've made sporadic attempts at rebuilding my credit.

 

In that time, I've managed to achieve 7 deletions, have seen a 50-80 point increase in my scores, have refinanced my car at 12% (down from 17.5%), and have obtained 1 AU credit card account, 1 secured credit card account, 3 department store cards, and 1 unsecured Visa.

 

Now that I've regained my footing, I'm ready to dive in to serious repair and restoration mode. I've stashed $3000 away for emergency savings, and I'm in a position to earn an additional $3000/mo in freelance income to supplement my regular salary. This is just my little personal credit restoration journal.

 

Major Goals to Achieve by Dec. 31, 2015:

  • 700+ credit score across all 3 bureaus
  • Credit reports free of collection accounts
  • No late payments within last 18 months
  • Auto loan paid off
  • Qualify for home purchase

 

Stepping Stone Goals to Achieve by Oct. 31, 2014:

  • Pay all existing credit cards down to <50% of credit line
  • Dispute 3 charge-offs (2 First Premier cards and 1 HSBC card) as obsolete
  • Pay off 1 medical collection and initiate HIPAA dispute
  • Follow up on prior dispute of 2 student loan lates from March/April 2014 (loans were in deferment prior to lates being reported).
  • Send Texas DV letters on 4 collection accounts (Sentry Credit, NCO Financial, Enhanced Acquisition & General Revenue Corp)
  • Pull EQ Complete every day to check progress

 

 

 

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UPDATE:

 

Got my results back from my online TransUnion dispute today.

American Honda Finance - Joint Account Repo from 2008 (Thanks, Ex-Hubby), $8K Scheduled to Age Off In July 2015. Disputed as obsolete. DELETED

 

Capital One / HSBC - Joint Card Charge-Off, Scheduled to Age Off in January 2015. Disputed as obsolete. DELETED

 

That's 2 deletions in less than 48 hours! I'll take it.

Stepping Stone Goals to Achieve by Oct. 31, 2014:

  • Pay all existing credit cards down to <50% of credit line
  • Dispute 3 charge-offs (2 First Premier cards and 1 HSBC card) as obsolete
  • Pay off 1 medical collection and initiate HIPAA dispute
  • Follow up on prior dispute of 2 student loan lates from March/April 2014 (loans were in deferment prior to lates being reported).
  • Send Texas DV letters on 4 collection accounts (Sentry Credit, NCO Financial, Enhanced Acquisition & General Revenue Corp)
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Have you ever pulled ECQ?

 

I know it guarantees C* but I don't know if it makes you on the C* list forever.

 

I've never pulled it for that reason but I do wonder about that question, if it leaves you on the list forever...

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Have you ever pulled ECQ?

 

I know it guarantees C* but I don't know if it makes you on the C* list forever.

 

I've never pulled it for that reason but I do wonder about that question, if it leaves you on the list forever...

Once you're on the C* list, you never get off of it.

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  • 1 month later...

 

Have you ever pulled ECQ?

 

I know it guarantees C* but I don't know if it makes you on the C* list forever.

 

I've never pulled it for that reason but I do wonder about that question, if it leaves you on the list forever...

Once you're on the C* list, you never get off of it.

 

What is "ECQ" AND "*C"

 

 

Sent from my iPad using Tapatalk HD

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