The credit Repair Thread

[theworldismine13]

Can y'all recommend a credit card for folks who are trying to rebuild their credit?

First make sure you are signed up at Free Credit Score & Free Credit Reports With Monitoring | Credit Karma they have plenty of info on how to build your credit

Pretty much any secured card will build your credit

If you want to #bankblack One United and almost all black banks have secured credit cards

 

[ThumpDaddy]

I have a question and I know it may sound dumb........ But I'm in the process of rebuilding my credit. Now I see on here where they said one way is to get a secured CC. Then later on I saw where someone said that If you have like for example $600 dollars, get 2 secured CC with $300 each instead of one secured CC with $600 on it because you can essentially build your credit twice as fast with 2 secured CC's instead of one. So with my situation comes my questions. I have been working a lot of overtime at work lately. So at the end of this month I will have enough money to open 3 secured CC's of about $300 to $400 on each. Would this be a great idea to really speed up rebuilding my credit? My next question is should I get them all at the same bank or go to 3 different banks to open them as long as each bank offers the option of the card graduating in a year or sooner? One of my friends said that one bank has it where if you get a secured CC with them and after a year you do good on it that they give your opening deposit back to you to put in your checking account. Now If I could find somewhere to do that with 3 secured CC's that would be a nice chunk of change for myself. So fellas in the know, do I have a good idea or should I take another route?

 

[LeVraiPapi]

I have a question and I know it may sound dumb........ But I'm in the process of rebuilding my credit. Now I see on here where they said one way is to get a secured CC. Then later on I saw where someone said that If you have like for example $600 dollars, get 2 secured CC with $300 each instead of one secured CC with $600 on it because you can essentially build your credit twice as fast with 2 secured CC's instead of one. So with my situation comes my questions. I have been working a lot of overtime at work lately. So at the end of this month I will have enough money to open 3 secured CC's of about $300 to $400 on each. Would this be a great idea to really speed up rebuilding my credit? My next question is should I get them all at the same bank or go to 3 different banks to open them as long as each bank offers the option of the card graduating in a year or sooner? One of my friends said that one bank has it where if you get a secured CC with them and after a year you do good on it that they give your opening deposit back to you to put in your checking account. Now If I could find somewhere to do that with 3 secured CC's that would be a nice chunk of change for myself. So fellas in the know, do I have a good idea or should I take another route?

Good idea. Find a bank that will graduate your card. I always do. Don't have too many accounts at once. 2 is enough. Use em up and pay them down fast or in your case only use 20 to 40 percent off it and always pay on time.

Good job on working on your credit.


Also I finally got my collections off my credit. T Mobile is a thief.

 

[LeVraiPapi]

I have a question and I know it may sound dumb........ But I'm in the process of rebuilding my credit. Now I see on here where they said one way is to get a secured CC. Then later on I saw where someone said that If you have like for example $600 dollars, get 2 secured CC with $300 each instead of one secured CC with $600 on it because you can essentially build your credit twice as fast with 2 secured CC's instead of one. So with my situation comes my questions. I have been working a lot of overtime at work lately. So at the end of this month I will have enough money to open 3 secured CC's of about $300 to $400 on each. Would this be a great idea to really speed up rebuilding my credit? My next question is should I get them all at the same bank or go to 3 different banks to open them as long as each bank offers the option of the card graduating in a year or sooner? One of my friends said that one bank has it where if you get a secured CC with them and after a year you do good on it that they give your opening deposit back to you to put in your checking account. Now If I could find somewhere to do that with 3 secured CC's that would be a nice chunk of change for myself. So fellas in the know, do I have a good idea or should I take another route?

Good idea. Find a bank that will graduate your card. I always do. Don't have too many accounts at once. 2 is enough. Use em up and pay them down fast or in your case only use 20 to 40 percent off it and always pay on time.

Good job on working on your credit.


Also I finally got my collections off my credit. T Mobile is a thief.

 

[ThumpDaddy]

That's what's up. With my situation I don't think 3 would be too many..... The reason why I say that is because I really don't have a lot of bills. I have rent and utilities and I one big bill but it's not credit affecting because it comes out of my account each month. I have no car note (but I have car insurance), no student loans (paid those off years ago), & no medical bills (I do have health insurance). My plan was to get 3 cards, one for $300 (gas), one for $500 (food), and one for $700 (car repairs) and keep them about 20%-35%. I will apply as long as the cards graduate within a year or sooner. I really want to jump start this because I plan on investing in some business ventures in the next year and I want my credit to be on point for when the time comes. So I figure the sooner and quicker I can get my credit jump-started the better. And also try to do this the fastest way that I can.

 

[Dat Migo]

Got my shyt back up to 740. fukk you Regions

 

[LeVraiPapi]

That's what's up. With my situation I don't think 3 would be too many..... The reason why I say that is because I really don't have a lot of bills. I have rent and utilities and I one big bill but it's not credit affecting because it comes out of my account each month. I have no car note (but I have car insurance), no student loans (paid those off years ago), & no medical bills (I do have health insurance). My plan was to get 3 cards, one for $300 (gas), one for $500 (food), and one for $700 (car repairs) and keep them about 20%-35%. I will apply as long as the cards graduate within a year or sooner. I really want to jump start this because I plan on investing in some business ventures in the next year and I want my credit to be on point for when the time comes. So I figure the sooner and quicker I can get my credit jump-started the better. And also try to do this the fastest way that I can.

then get 2 cards and take some short term loans that will report your credit activities breh

 

[Circle p]

Good idea. Find a bank that will graduate your card. I always do. Don't have too many accounts at once. 2 is enough. Use em up and pay them down fast or in your case only use 20 to 40 percent off it and always pay on time.

Good job on working on your credit.


Also I finally got my collections off my credit. T Mobile is a thief.

How did you get the collections off your credit report?

 

[Solano707]

how the fukk you owe paypal 30k????

I owe PayPal almost 30k so my credit will soon be fukked.

 

[SolesKing305]

Great thread

 

[ThumpDaddy]

then get 2 cards and take some short term loans that will report your credit activities breh

I feel you on the loan thing but now I have more questions. If I couldn't get a credit card at 1st, how would I even go about getting any kind of loan? When you say a short term loan, would I need to do this as I am using my secured CC's? Because I didn't even want to try to get a loan until my credit gets better. At least when my secured CC's become unsecured. So how would I go about getting that done?

 

[LeVraiPapi]

How did you get the collections off your credit report?

Send them verification letters. Wait like a year or 2 after they have been harassing you. Most will give up and resell your account to other collection agencies for even a lower price.
. 98% of the time this said agency will not have any documents but satements and proof that they bought the account from such and such company and the originator of the debt. Then they will post it on your report every month and try to intimidate you by saying the debt is valid.

Stay off the phone and threaten them to show you proof with your signature on the line that you owned the account at one point, which they will not have. They will try to play around but be firm and give them 30 days to reply or if no reply then the debt will be considered unverified and have to be removed. Essy to do. Just get the sample letters online and change some stuff like your info and some sentences.

I feel you on the loan thing but now I have more questions. If I couldn't get a credit card at 1st, how would I even go about getting any kind of loan? When you say a short term loan, would I need to do this as I am using my secured CC's? Because I didn't even want to try to get a loan until my credit gets better. At least when my secured CC's become unsecured. So how would I go about getting that done?

Small personal loans like 300 to 500 boosts up your score once you pay at once. Citibank and black owned banks do this very well

 

[DeuceZ]

I wudnt get more than 2 secured cards at once imo.

On another note been putting my wedding expenses in my credit cards and preserving cash. My credit score dropped from the 730s to 680s

 

[mannyrs13]

Brehs, I'm a bit skeptical right now. So I checked my credit on freecreditreport.com last night. They gave me the experian score. Which was lower than my transunion from other resources surprisingly but i know scores differ. Anyways in personal information they had my address and another one which I just disputed. So I start looking around some more at this report and click on something that says requests for your credit history. It gives two options. Requests viewed by others and requests viewed only by you. In the only by you field i see a while bunch of unfamiliar names. I'm talking a few auto loan companies from last year which makes no sense since i purchased my car in 2013 and have not looked into refinancing or anything. I saw something about Hyundai and I drive a Honda. Something not adding up here. This the bullshyt excuse they have on there.



INQUIRIES SHARED ONLY WITH YOU lists all who have a permissible purpose by law and have requested your information in the past two years. You may not have initiated these requests, so you may not recognize each source. We report these requests to you only as a record of activities, and we do not include any of these requests on credit reports to others. These inquiries do not affect your credit score and are not seen by anyone but you (except insurance companies may be able to see other insurance company inquiries).

We offer information about you to those with a permissible purpose, for example, to:

• other creditors who want to offer you preapproved credit;
• an employer who wishes to extend an offer of employment;
• a potential investor in assessing the risk of a current obligation;
• Experian Consumer Assistance to process a report for you;
• your current creditors to monitor your accounts (date listed may reflect only the most recent request);
• an end user to complete your mortgage loan application;
• insurance underwriting (auto or home).

I see it said that it has no impact on my credit score but i ain't trying to have no fraud on my report. Maybe it's telemarketers or businesses trying to grant me credit? Or maybe some motherfukkers trying to get something under my name. I don't know. My credit report does have the accounts I'm familiar with so that's correct. Either it's nothing or the scammer fukked up and didn't realize they'd deny my ass on whatever they were trying to purchase. Anyone familiar with this type of thing know anything? I get suspicious whenever i see something unfamiliar under my name. I'm gonna have to monitor this site more often from now on to see what's up. The rest of y'all check your reports. They think we playing.

 

[skeetsinternal]

I got ok credit but looking to build it up. I got my girl to add me to her credit cards. She got a high credit rating so when she pays her cc bill it help me build my credit along with hers.