Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
cdemay1013

0 Contributions
0 People Helped
debt/credit ratio
Hi there-

Currently my credit is at a 540, I know my revolving credit has a lot to do with it. I am currently over the limit total because of a late payment on a store card making them chop my limit in pieces.

I am trying to make large payments on all of my cards currently. Applying about the same to each. Just wondering if that is the best approach or maybe I should make minimums on all but one and put a large sum down on one for one month until it is at about the 20% and continue to do that until each is paid down to a manageable amount.

Also, I had issues with my bank about 6 months ago that caused all of my credit cards to have late payments. And also, one of my oldest credit cards (a store card I got when i was 18) had a ton of delinquency on it from 3 years ago that is still showing. I was reading something about contacting your long term accounts that are now and have been in good standing to remove the past due payment remarks on your cbr? Has anyone had any success with this? And if they have, how would you go about doing so?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.