matman1490

 your hard inquiries are tracked on a rolling 24 month calendar, so the credit app you put in in november of 2011, should fall off your reports, after December 2013.. remember it takes 24 months, plus at least another month for the systems to be updated...

 its bankruptcy, and it stays on your credit reports for 7-10 years from the date of final discharge. If it hasnt been that long, then just give it time... I filed chapter 7 in 1995, and it was finally discharged in january of 1996, so it came off my reports in February, 2006 10 years plus 30 days for the reports to be updated...

 pay more than the minimum, and make every payment on time. every time.

impossible to answer... no one reading this open board, has any idea what your scores are, or what your situation might be... 

pull a copy of your credit file from all 3 bureaus, and see for yourself...if there is a repo on your credit, thats the fastest way to find out what and who it is.  

it would depend on what state you lived in... what chapter bankruptcy you filed, and what the lien/jnudgement was for.... consult a local BK atty....  

your bank accounts/credit union account have nothing to do with your credit scores...
 

your credit reports only track your credit and debt obligations, not your assets...

forget credit couselling... they are charging you money for things you could do your self at no cost...

start by pulling a fresh up to date credit report f4rom all 3 bureaus, with scores... FROM ALL 3 BUREAUS. you may not be as deep in a hole as you thought,.

then look at the dates of first deliquency on all of your negative items... if it is older than 5 years, then you would be better off just lettiing the accounts age off your credit reports as the statute of limitations runs out...

filing a BK will foul you up for the next 10 years, and in this case might do more harm than good...
 

are they in collections??

if not, then the answer is no, they will not affect your creidt score...

if they have been referred to a collection agency, then yes, they can affect your credit scores, if the accounts have been reported to the credit bureaus...

 your credit file includes a 7-10 year history of your credit, good or bad... just because you 'took care of it' doesnt mean its gonna fall off next month... if its a positive line in good standing, then it will stay on indefinately as long as the line is open and active...

if its negative, then it will stay on up to seven years from the date of first delinquency, unless its a BK or public record, in which case, it can stay on 10, 15 years even permanently in the case of some federal tax liens...

make every payment on time every time
keep your balances low ( under 20% of credit line)
and give it time... banks look at a rolling 36 month history...

pull your credit from all 3 bureaus and see for yourself... no one reading your questions would have that information...  

 for the short term yes...

Paid or not the balance and new account still show up on your credit reports, and this change, is considered negative, becasue it lowers your amount of available credit... give it time, your scores will rebound in the next few months... paying early is fine, up to a week before the due date,,, anything more than that, and you are asking for trouble.... simply because you risk paying on LAST months billing cycle, and not THIS months...

you pay too early, and you leave yourself open to the possiblity that the payment will get credited to the wrong cycle, and you could wind up late simply because the payment was improperly credited.

no more than 7 days before the due date.

if its more than 5 years old, I would leave it alone... 2 reasons...

1) more than likely the original creditor has qritten this debt line off a looong time ago, so any money you pay on it, will not go back to the original debt... instead it will go to the collection agency that bought the debt and is pure profit to them... IT WILL NOT HELP YOUR CREDIT, a collections line is a collections line, and is NEVER a good thing for your scores paid off or not...

2) if no one is calling you on this debt, and you try to make contact with the creditor, they will refuse to help you with this debt, simply becasue they do not own it any longer, they have written you off and sold it to a collection agency... If you call the collection agency, and do anything to try to pay off this debt, they can and will resubmit this same d4ebt back to the credit bureaus as a 'new' debt, and it will show as a new tradeline on your credit... this will also reset the 'statute of limitations' clock on this debt, so instead of falling off in 2016, like it would have if you had meft it alone, it can stay on your credit for anoth4er 7-15 years, and your scores will take another hit for the new tradeline, and the new updated collections line...

LEAVE IT ALONE, AND LET IT DIE IN 2016... IF YOU GET ANY MAIL FROM THE COLLECTION AGENCY OR ANY CALLS, LET IT GO. 

there is no such thing as 'negative points'...

every time you offer your DOB and SSN on an application, you are giving permission for someone to pull your credit.. every 'hard' credit pull costs you points... you never want to let anyone have your information unless you are serious about opening a new account.

hard eight is incorrect... speaking from personal experience, a BK will drop off after 7-10 years depending on whether it was a chapter 7, 10, 11, or 13...


 

you make no sense

how many inquiries do you have?  More than 2 in the last 24 months, and you're hurting yourself.
 

how high are your balances?  If you have more than 25% of your credit lines used up, you are hurting yourself..

how long have you had your credit lines? less than 2 years, you are hurting yourself by asking for more credit...

Also personal credit isnt like business credit... with business credit, the faster you pay off the line the better... not so with personal lines...

paying 14 days early is great, but as long as you pay at least the minimum before the due date, the effect on your score is the same... you could pay the friday before the due date, and have the same effect on your scores...

Also, you have 3 credit scores, not just one... check all 3, you may not be in as bad a shapoe as you think...

 leave it alone and let it age off on its own... Usually credit lines like that will age off after 7 years...
start fooling around with it now, and it could easily be resubmitted as a new debt, and wind up on your reports for another 15 years..

 pull your own credit reports from all 3 bureaus, and see for yourself where your problems are.

 NO... never take equity out of a depreciating asset...
You will never recover that equity, and owe that much more when you trade the car in..
Unless you plan on driving this car into the ground, and paying cash for the next one you buy, I would never even consider it.

hard inquires are reported on a rolling 24 month calendar, so the inquiry you put on your credit in january 2011 will fall off sometime after february 2013... (24 months, plus 30/60 days for the reports to be updated)

hope this helps 

seven points is nothing... dont sweat it.  

 keep making your payments early and in 6 months or so you should see a line increase, although it does depend on the company...

I went through Capital One, and every 6 months, I got a line increase w/o asking for it, then after month 18 they stopped offering, so, I'm starting to look for no annual fee cards with a better rate... Just be patient, and realize nothing happens over night... you'll need 2 yrs solid credit with at least 3 lines in good standing to qualify for a home mortgage, so just hang in there, it will come..

let them come to you, and always act as if you dont need the credit, and then they will come to you.