Need direction - suggestions - advice
Date: Wed, 06/03/2009 - 22:49
Well, I think I am on the right path. I have started with credit (FICO) scores of Equifax: 460, Experian: 572 Trans Union: 576 on about May 2nd 2009.
These are my 5 bad accounts:
CC = $264 Scheduled to be paid on 6/12/09
CC = $564
Other = $961
CC = $700 - minimum payment $12/Mo but have been making more than minimum since April. (up to $50/Mo)
CC = $792 - minimum payment $14/Mo but have been making more than minimum since April (up to $50/Mo)
Experian contains all 5
Equifax contains only 4
TransUnion contains all 5
The thing I don't understand is why is my Equifax score less than the other 2 and it only have 4 of the 5.
Anyways back to the original reason for this post: I have the one bill scheduled for payment in full later this month, then I will go onto the $564 bill and probably split that over 2 payments (1 month get paid every 2 weeks). And then the same with the final, largest bill... And all the while will be making at least the minimum payments on the 2 cc's, so that even though they are closed accounts they will still reflect "pays as agreed" as they do now.
I only have one good credit account and that is my car payment that I have had since March 2006 and never made a payment late. Will be paid off in March 2010. What should I do to increase my credit? My ultimate goal is to buy a house (first time homebuyer etc) And the sooner the better.
Should I apply for a gas card? Or? I just don't know what I should do? Obviously I need to continue paying off my negative items on my credit report and get them all cleaned up. But, then what? Or what can I do at the same time, while I am doing this.
Any input is greatly apreciated.
Thank You,
These are my 5 bad accounts:
CC = $264 Scheduled to be paid on 6/12/09
CC = $564
Other = $961
CC = $700 - minimum payment $12/Mo but have been making more than minimum since April. (up to $50/Mo)
CC = $792 - minimum payment $14/Mo but have been making more than minimum since April (up to $50/Mo)
Experian contains all 5
Equifax contains only 4
TransUnion contains all 5
The thing I don't understand is why is my Equifax score less than the other 2 and it only have 4 of the 5.
Anyways back to the original reason for this post: I have the one bill scheduled for payment in full later this month, then I will go onto the $564 bill and probably split that over 2 payments (1 month get paid every 2 weeks). And then the same with the final, largest bill... And all the while will be making at least the minimum payments on the 2 cc's, so that even though they are closed accounts they will still reflect "pays as agreed" as they do now.
I only have one good credit account and that is my car payment that I have had since March 2006 and never made a payment late. Will be paid off in March 2010. What should I do to increase my credit? My ultimate goal is to buy a house (first time homebuyer etc) And the sooner the better.
Should I apply for a gas card? Or? I just don't know what I should do? Obviously I need to continue paying off my negative items on my credit report and get them all cleaned up. But, then what? Or what can I do at the same time, while I am doing this.
Any input is greatly apreciated.
Thank You,
For getting a home loan, you need to have a minimum credit score
For getting a home loan, you need to have a minimum credit score of 620. Now if you want to take your score to that level, you need to pay off your outstanding debts in order to lower your debt to credit ratio. Not only this you would also be required to improve your credit history. This can be done by using a gas card.
Which gas card would be an easy qualifier? For someone to rebui
Which gas card would be an easy qualifier? For someone to rebuild/boost their credit.
Anyone please?!
Thank You!
I think that you should try Discover gas cards to build up your
I think that you should try Discover gas cards to build up your credit. These cards come with zero annual fees and cash back offers.
