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 Report
Profile Image

Question By
rodmanG

14 Contributions
7 People Helped
My Journey rebuilding my Credit.
For years I had never once thought of credit after being young and dumb with credit. This Journey started in Aug 2015 of this year getting serious about straightening my credit out.

On 9/1/2015 I opened a wells fargo secured credit card for 500.00. The started using Credit Karma to look at my credit report and start getting the collections off my report. I went from having 4 collections on my Equifax report to having ZERO as of today's 11/15/2015. My Transunion report had a total of 9 collections as of today's date I have 1 left. It is a PDF so soon as I pay it I will have ZERO on it.

Since 9/1/15 I have a new first time ever unsecured credit card through Capital One ( Quicksilver card ) with a 300.00 limit. Yes it's a small amount but It will grow fast from what I have read on other websites about this card. I have managed to keep my Wells Fargo way blow 30% utilization every month.

I pay it off a couple times a month and have a very small balance when my statement drops every month. I have tried unsuccessfully to sign up for myfico subscription 3 times. I have called they have no idea what the problem is. I wanted to put it on my wells fargo card just pay it off every month. But for some reason its not working. I am going to call them back tomorrow and have them get me in touch with there tech support.

I also have a small account with Fingerhut. I do not use anymore on my credit cards then I can pay right off. I have paid two bills with my Capital One card and paid both balances in full ( 198.00 ) and (232.48) and I have not gotten my first statement yet with them. My plan is to get my limit increased and use that card to pay my all my bills with it and pay it off soon as the charges are on my card.

I am in the right direction so far I believe. My Fako score with Credit Karma in March of this year was a 450 it's at 654 now. I know this is not my true score but as for the fako I think it's a big jump from 450 to 654.

I will update regularly as my credit changes.
Rodman

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1131 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Congratulations on the successful rebuilding journey. Thank you for sharing your story, it shows others that with some hard work there is hope. As far as not being able to get myfico to work, maybe check into Experian, I believe they have a package with FICO scores from all the bureaus, but it may not include as many different versions of fico as myfico does, but just wanted to throw that out there for an option for you.

Top Contributor

Reply by
rodmanG

14 Contributions
7 People Helped

Thanks for your advice. 

Top Contributor
14 Contributions
7 People Helped

11/24/15 update

My finger Hut account ( New Account ) dropped and I was a bit over  credit utilization (63%) Wow that made my score drop. Now I know when it needs to be paid. That will not happen again. Luclkly next month it will have zero balance and hopefully I can recover that. Experian had dropped two baddieds from my report only one left there. TU also has dropped one baddie now leaves one left. I  fould out why I can not get a FICO score yet. My credit is to new I have to have 6 months of reporting to get a score. So a few more months I should have one. Ill upadte more soon. I hope to be in the 700 club by the summer. 

RG

Top Contributor

Reply by
rodmanG

14 Contributions
7 People Helped

Today 11/24/15 I logged into my Finger Hut account to see what my Current Balance was. I noticed I had gotten a credit limit increase from 300.00 to 700.00 That is a $400.00 increase within 30 days of opening my account with them. 

Top Contributor
14 Contributions
7 People Helped

New Car

On 12-6-15 I just bought a new car. Its a 2015 hyundai accent with 15 miles. I bought it through hyundai first time buyers program. 

Top Contributor
14 Contributions
7 People Helped

Update 12/1/15

Just got email from Experian No more baddies on there. Everything has been removed now I have 3 postive accounts showing on all three reports. I have one bad mark left on my TU report which should be removed in a few weeks. I am happy debt free and 3 cards building my credit back up. I hope to be in the 700 club by the summer. 

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

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.