I have received many messages from people who we're in a similar experience as I was when I started this journey. Overnight my credit score went up 22 points.Įdit 2: WOW. I asked them to remove some, and they did. I had about 4 late payments that were 30+ days, and 2 that were 60+ days. I called into my auto loan company and asked them to remove some late payments that were on my report. Thank you.Įdit: One HUGE THING I forgot to mention. Get credit Karma, be religious about not going over 30% of credit card limit, get a secured credit card.Īgain, thank you everyone on here who helped make this possible, I really wouldn’t have been able to do it without you, and I mean that. TL DR – Call all your debtors, negotiate the debts down. I applied for a real credit card from Chase and was immediately approved for a credit card.My credit score as of yesterday from both Transunion and Equifax is now 723.I then paid off the remaining 2 accounts (down from 17 accounts when I started this).Less than half of the remaining collections could prove that they followed the process, so they removed the collections from my account.It’s basically a team of attornies and paralegals that work on behalf of their clients to remove delinquent and collections accounts from their credit reports.
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Basically, you pay them a certain amount per month, and they send out attorney written letters to ALL credit reporting agencies, and debtors on your file, demanding that they prove they followed the law to the LETTER, and demand that if they cannot, then the record must be erased from my credit report.
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Of the delinquent and/or accounts that I had in collections that were NOT removed, I negotiated the debt down at every single one.I put $40 on the card every month, and paid it off completely. Basically, you pay them $200 for a credit card with a $200 limit. It works like this – When your credit is so horrible that you cant get a real credit card to start boosting your credit, you get a secured card. I applied for and was approved for a Capital One Secured Credit Card.I felt like I was on a mission at this point. In 30 days my score had gone from 546 to 620! I was elated, and more determined than ever.First I disputed every account, and over HALF (50%) of them could not prove that the accounts were real and/or could not prove that they followed the law pertaining to the Fair Credit act, and removed the accounts from my credit report. Got my full credit report and list of all accounts that had gone delinquent and/or into collections.Downloaded credit karma – saw that my score was 546 on Jan 15th (was crushed, but felt like I Was finally going to start taking control).Here'es a bullet pointed version of exactly what I did: I followed the advice in there to the letter, and it worked like magic. Something that I did not think was possible. I will briefly describe how I raised my Transunion and Equifax scores from the 540s to the 720s in 4 months. I wanted to share my story in the hopes that someone else who was in a similar situation as me, might benefit from my experience. It is thanks to you that I finally, for the first time in my life, have control of my finances and can breath easier.
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Hello everyone, first let me say THANK YOU.
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Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future.