HookersandIceCream
#TeamOrange
What's your score and income looking like?
The credit Repair Thread
- Thread starter LeVraiPapi
- Start date
The God Poster
LWO representa
Below 5 I fukked up ALOT. Right now 45k yearly
HookersandIceCream
#TeamOrange
Damn any amount you finance will it's likely be over 20% so IMO it wouldn't be worth it just to make payments to repair your credit. Buy a car outright honestly
Just like credit scores go down they can easily go up
Clear out as much debt as you can
Anything in collections needs to be removed or paid off asap
It will go up and then you will be in a better position to finance
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The God Poster
LWO representa
Good looking my g. Its funny thats exactly what happened a few months back.
Just need a ride to and from train. Was looking at a 05 sonata with 50k sonatas
Finance company tried play me. Put 3k down on a 5500 car. They final total came to 16k
I said
and dipped.Thirsty salesman was on some just take it and swap out in a year for something better
GoGetMyDamnBelt_
All Star
HA! You? My interest rate is 18% on my car. Getting the car helped establish my credit tho.
When I made my first payment, credit karma e-mailed me to tell me I now have a credit file and they started me at 507. 4 months later, I'm looking at my Vantage score of 561 and Transunion score 523.
I got 4 open collection accounts for medical bills and 16 inquires because I didn't know about shxt like that and how it hurts my credit
now I can't even get approved for secured credit cards 
DrunkenNovice
Superstar
$200 is a small amount, so personally I'd go ahead and pay it off. Especially if its the only neg on his credit report, but I wouldn't expect his score to up anymore than 10-15pts though. If its already in third party collections He'll be lucky if it goes up at all.
Mine is 660
I don't understand. I got it to 680 and it just dropped for nothing. I have no outstanding bills, no accounts in collections, all my stuff is on auto pay. Why would this happen? Anyone have any idea? I paid off my cc and it dropped! I'm at least trying to get in the 700's. I don't really have much: one cc, car note, an old cell phone bill from Verizon I paid off, that's it...
Did you close the CC when you paid it off? A lot of people make that mistake.
You only have 2 accounts reporting CC, and Auto. You want to have more accounts reporting on time payments to bump up your score.
If you're disciplined. I say open 1/2 more credit cards (non retailer cards,) You have a decent enough score to get a card that doesn't charge you an annual fee, put the stuff you would normally pay cash on them (your normal bills Utilities, Cell, Gas) each card using 30% or less of the total credit you're given, and pay them off every month so that you don't pay interest.
You may drop a little at first for the 2 new accounts, but If everything else on your report is clean you'll recover those points, and see a boost beyond that in a few months.
I repeat only do this if you're able to control yourself, and only use the credit cards for things that you have the cash in hand to pay for.
Edit: Another thing research the card before you apply for it. So you don't end up with wasted inquiries for things you didn't get approved for.
http://www.myfico.com/SavingsCenter/Credit-Cards.aspx
and Credit Karma
Have pages where they show you what range you need to fall in to be approved a particular credit card.
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FinesseKing
Banned
I paid that shyt off... My parents let me borrow the money so I could keep my savings in tact.HA! You? My interest rate is 18% on my car. Getting the car helped establish my credit tho.
When I made my first payment, credit karma e-mailed me to tell me I now have a credit file and they started me at 507. 4 months later, I'm looking at my Vantage score of 561 and Transunion score 523.
I got 4 open collection accounts for medical bills and 16 inquires because I didn't know about shxt like that and how it hurts my credit
GoGetMyDamnBelt_
All Star
My mom helped me out tremendously, she had me on 2 credit cards as an authorized user when I turned18 so I wouldn't get caught in the college credit card trap. Also paid my one student loan off while I was still in school. I'll post some advice later when I get a chance. There's some really good info in here.
DeuceZ
Li pitit gason
737 with 3 credit cards but i hate the level of balances I'm revolving between paying for vacations and international trvel plus have to save for a wedding, have to start making better decisions so i can bring down these balances 
someone asked about biz credit, work almost just like consumer credit, if credit isnt great may need to start with a secured card and go from there. My advice if you already have a biz credit cards to put as much as biz expenses on the card that you can easily pay off, that way when u request a credit line increase will not be a problem based on ur pymt history.
someone asked about biz credit, work almost just like consumer credit, if credit isnt great may need to start with a secured card and go from there. My advice if you already have a biz credit cards to put as much as biz expenses on the card that you can easily pay off, that way when u request a credit line increase will not be a problem based on ur pymt history.
DrunkenNovice
Superstar
This is something that we definitely need to be doing.
18%HA! You? My interest rate is 18% on my car. Getting the car helped establish my credit tho.
When I made my first payment, credit karma e-mailed me to tell me I now have a credit file and they started me at 507. 4 months later, I'm looking at my Vantage score of 561 and Transunion score 523.
I got 4 open collection accounts for medical bills and 16 inquires because I didn't know about shxt like that and how it hurts my credit
I was complaining about my 7%...damn.
Agreed breh. Most importantly of not for yourself then for your kids so that they won't fall into the same trap that many other black children face once they get of age
I haven't closed it, but I haven't used it for a year. I'll look into this. Thanks!
LeVraiPapi
Redemption is Coming
I have this collection company assing me out about a stupid debt. They refusde to do a paid for delete and I stay off the p[hone anytime they call. ABout to mail that l;etter and ask for verification of the debt including balance, my signature and statement.
Let's see how they answer
Also, only pay a collection account if you hgave a paid for delete (PFD) letter from them.
Let's see how they answer
Also, only pay a collection account if you hgave a paid for delete (PFD) letter from them.