BoostMyScore Repair Launch

[BoostMyScore]

Your state must have one heck of a short SOL. BTW what state is it?

NC - 3 year SOL on open accounts.

 

The SYNCB/AMAZON charge-off has a DOFD of 6/2011.

[BoostMyScore]

Just for entertainment purposes, if I were to try the SCT at a few stores I would need to be opted-in. Is that correct?

 

I am skeptical any place would approve for credit based on a soft pull on the last 4 digits of your SSN.

[josephina]

The SCT doesn't ask for the last four. I don't think they even do a soft pull, but I could be mistaken on that point. The SCT should be attempted only at the stores with a proven record of working such as J Crew etc. There's a comprehensive list somewhere on this board.

 

The NC SOL runs from date of last activity, not date of first default, I believe, which are not necessarily the same. Again I could be mistaken on that point.

[BoostMyScore]

The SCT doesn't ask for the last four. I don't think they even do a soft pull, but I could be mistaken on that point. The SCT should be attempted only at the stores with a proven record of working such as J Crew etc. There's a comprehensive list somewhere on this board.

 

The NC SOL runs from date of last activity, not date of first default, I believe, which are not necessarily the same. Again I could be mistaken on that point.

 

DOLA not DOFD? News to me.

[FixnCred]

Don't do anything until the Walmart issue is resolved one way or another. You need maximum chances of approval.

[BoostMyScore]

Not much I can do at the moment. The big 3 should now have my request to remove the SYNCB/WALMART account. Not a big fan of waiting and doing nothing....

[josephina]

The sct is a soft pull. If it pops up it will say you are pre approved. Then it asks for your last four. This will determine your cl. There is no harm in trying, even multiple times. Most likely to be approved are j crew and Victoria secret. Make sure you haven't opted out of getting sp pre qualified offers. Also disable pop up blockers. And I suppose you should unfreeze your credit reports. J crew is great because after you get it you can get many many cl increases using the luv button trick. Again no harm in applying. Only harm is if you get addicted to the approval rush and get lots of store cards.

[BoostMyScore]

The sct is a soft pull. If it pops up it will say you are pre approved. Then it asks for your last four. This will determine your cl. There is no harm in trying, even multiple times. Most likely to be approved are j crew and Victoria secret. Make sure you haven't opted out of getting sp pre qualified offers. Also disable pop up blockers. And I suppose you should unfreeze your credit reports. J crew is great because after you get it you can get many many cl increases using the luv button trick. Again no harm in applying. Only harm is if you get addicted to the approval rush and get lots of store cards.

Well, per the recommendation on the first steps of credit rebuilding around here, I have already frozen my accounts and opted out so the SCT soft pulls are a no-go at least for the moment.

[BoostMyScore]

So I am sitting here contemplating my scores now and where they need to be given my ultimate goal. The affect of the late marks and charge off accounts on my scores will eventually diminish over time with me doing essentially nothing except continuing to pay my mortgage on time each month.

 

In order to gain some traction on my FICO scores, I will need to have some open credit with 0% utilization. Keeping 0% utilization is not a problem at this point because I haven't used credit for 3 years now due to the lack of credit.

 

So at what point or minimum FICO score do I need in order to have a good chance of approval on card or cards that will help my scores and that are not useless to me. This is where I am at. This is my ultimate dilemma.

[BoostMyScore]

Secure Credit Card....

 

Is one better than the other I guess in terms of being able to convert to an unsecured card? I bank with Wells Fargo so I could go with them, but maybe there is a better choice?

[josephina]

I think BOA has one that graduates.

[BoostMyScore]

Since I have some free time, I was comparing CHARGE-OFF accounts between EQ, TU, and EX. The charge-off accounts in red are gone from both Equifax and TransUnion. They were there when I originally checked using the backdoor route on Nov 18, 2015.

 

Experian is still reporting the charge-offs that dropped off EQ and TU. Makes sense why my EX FICO is lower than the other two scores. Is there any strategy I can use to request these 3 accounts in red be removed from Experian?

 

 

Equifax [608 fico8]

CAPITAL ONE - 11/2012 DOFD (Fell Off EQ this month)

CAP1/BSTBY - 11/2012 DOFD (Fell Off EQ this month)

CAPITAL ONE BANK USA - 11/2012 DOFD (Fell Off EQ this month)

KOHLS/CAP1 - 1/2013 DOFD

NFCU - 6/2014 DOFD

SYNCB/AMAZON - 11/2012 (disputing by mail, orig debt was GE Capital)

SYNCB/WALMART - 6/2011 (disputing by mail, orig debt was GE Capital)

 

 

Experian [582 fico8]

KOHLS/CAP1 - 1/2013 DOFD

CAPITAL ONE - 11/2012 DOFD

CAP1/BSTBY - 11/2012 DOFD

CAPITAL ONE BANK USA - 11/2012 DOFD

SYNCB/AMAZON - 11/2012 (disputing by mail, orig debt was GE Capital)

SYNCB/WALMART - 6/2011 (disputing by mail, orig debt was GE Capital)

 

 

TransUnion [598 fico8]

CAPITAL ONE - 11/2012 DOFD (Fell Off TU this month)

CAP1/BSTBY - 11/2012 DOFD (Fell Off TU this month)

CAPITAL ONE BANK USA - 11/2012 DOFD (Fell Off TU this month)

KOHLS/CAP1 - 1/2013 DOFD

NFCU - 6/2014 DOFD

SYNCB/AMAZON - 11/2012 (disputing by mail, orig debt was GE Capital)

SYNCB/WALMART - 6/2011 (disputing by mail, orig debt was GE Capital)

Edited December 24, 2015 by BoostMyScore

[BoostMyScore]

Maybe those 3 accounts will fall off Experian like they did with EQ and TU. That would be great.

[BoostMyScore]

All I want for Christmas is bad charge off accounts dropping off my reports.

[BoostMyScore]

I am so indeed of some new credit on my report. Haven't had any open open CCs for about 3 years now. Going through the useless CK report this morning, looks like I am using 123% of available credit due to the 3 charge-off accounts with balances. I guess CK considers them open even though they are clearly not.

 

You're using 123% of your available credit.

 

I need 2-3 open accounts using 0% utilization which should give me a nice score bump, but I can't get anything useful with my current scores.

 

I need credit to improve my credit. I think they call that a catch-22.

Edited December 26, 2015 by BoostMyScore

[josephina]

Here's the master thread on secured cards, maybe this will help:

 

https://creditboards.com/forums/index.php?showtopic=500689

 

Keep in mind, secured cards can be useful even if they don't graduate, as can store cards even if you don't use them to buy stuff (in both cases, as entrees to bigger and better cards). Unfreezing of at least one or two of your credit reports is probably needed to apply for anything; another poster had advised that you freeze them just to make sure you don't go hog-wild with apps.

 

And yes, counter-intuitively, CO's that show a balance count toward the utilization ratio (whereas if the account is settled, or has been sold to a junk debt holder, it doesn't -- in these cases they show a 0 balance).

[BoostMyScore]

Thanks. However, I am probably going to not go the secure card route.