The credit Repair Thread

[Panther]

You brehs really should be trying to get out of debt vs building a higher score to borrow more money

 

[DrunkenNovice]

You brehs really should be trying to get out of debt vs building a higher score to borrow more money

We paying in full every month over here .

 

[Panther]

We paying in full every month over here .

Then why not just use cash?

 

[Maddmike]

I got a 774.

Just opened me up a chase double cash card to get a higher credit line.

Anyone have on of those visa black cards or the top Amex with the perk? Reason I ask is because I'll be traveling alot for a few months and I wanted to open one to get the airline perks. question is there anyway I can get the fee waived the first year on them?

 

[Maddmike]

Then why not just use cash?

Most people pay all their monthly bills on rewards credit cards for the points/cashback/flyer miles

 

[DrunkenNovice]

Then why not just use cash?

Cash back / reward bonuses

building credit so you can make a large purchase on credit at a decent rate.

 

[No Homo]

Went down to 4% score went up another 30pts. This is using the CK scores btw. I now the FICO changes wouldn't be as drastic, but I don't wanna pay to monitor my actual fico yet


Throw all of your extra money at the card with the highest APR, while making min payments on the smaller. Then after you're done with the larger move on the next throwing all of your extra money at it. That's the smart way to go at it mathematically.

Some people say do it the other way around (smallest to largest), because of the positive reinforcement of getting something paid off. I prefer to go with the method that's gonna keep more money in my pocket

Getting rid of debt really just comes down to being disciplined. The more you're willing to sacrifice the faster you can get rid of it.

Gotta give you props for finding that utuilization. I got all my balances down within %10 and went up 18 pts on equifax and transunion...experian of course gotta be the hard asses and it only went 11

 

[No Homo]

You brehs really should be trying to get out of debt vs building a higher score to borrow more money

We just playing the game how its supposed to be played breh...like the others do

 

[Commander in Chiefin]

I'm up at 841 now brehs

$500 left and then I'm debt free

 

[HarlemUSA]

You brehs really should be trying to get out of debt vs building a higher score to borrow more money

That's playing the game wrong. You need to prove to the bank you are reliable. People with 750+ scores are going to have more trust. Having debt is OK if you are smart about it. I have debt but I can wipe it all a way from my savings account if need be. Or by doing Ot.

I get a high line of credit and a high credit score. Anything I want to have within my income is mine with a low interest. Ie Cars/House/personal loan. And a vacation on them with them points

 

[dtownreppin214]

Good thread
3 years ago got a car with 16% rate, credit score mid 500s and
1 credit card.
Started rebuilding, paying everything on time, disputed a bunch of shyt on my cr and most of it fell off.
As of today new car rate is 4.5% , opened a few Amex cards, and a chase card.
The only issue is that I got a 2 year old collection for 800. It's actually way older but I'm assuming they re-aged the account when I disputed it. Idk if I should settle and pay for delete or what, but I want it removed . My TU score today is 680 and eqifax 686 according to credit karma

They are not allowed to reage it. That's illegal. Do you know DOD?

 

[theworldismine13]

That's playing the game wrong. You need to prove to the bank you are reliable. People with 750+ scores are going to have more trust. Having debt is OK if you are smart about it. I have debt but I can wipe it all a way from my savings account if need be. Or by doing Ot.

I get a high line of credit and a high credit score. Anything I want to have within my income is mine with a low interest. Ie Cars/House/personal loan. And a vacation on them with them points

exactly, my goal and everybody's goal should be to have credit lines that add up to your salary or more

 

[MadameMoreaux]

I'm up at 841 now brehs

$500 left and then I'm debt free

Impressive. How long is your credit history, and what is your utilization percentage on your CCs?
I'm around 780. Utilization around 6% this month. I have 2 inquiries that will fall off in April, so I'm hoping that will push me to 800



You can also request a credit line increase with your credit card company. That would decrease your utilization rate, but they also might do a hard pull on your credit report so that would knock a few points off.

 

[Absolut da poet ®]

Impressive. How long is your credit history, and what is your utilization percentage on your CCs?
I'm around 780. Utilization around 6% this month. I have 2 inquiries that will fall off in April, so I'm hoping that will push me to 800



You can also request a credit line increase with your credit card company. That would decrease your utilization rate, but they also might do a hard pull on your credit report so that would knock a few points off.

You cans ask if its a hard pull on credit when you ask for the increase...most are soft pulls

 

[Commander in Chiefin]

Impressive. How long is your credit history, and what is your utilization percentage on your CCs?
I'm around 780. Utilization around 6% this month. I have 2 inquiries that will fall off in April, so I'm hoping that will push me to 800



You can also request a credit line increase with your credit card company. That would decrease your utilization rate, but they also might do a hard pull on your credit report so that would knock a few points off.

15 years and I'm at 3%