r/CRedit

I just got a notification that I no longer have a fico score after not having any credit history for the last 6 months. I've only ever had 1 credit card that I kept for several years and paid off and closed (I didn't know this was a bad thing) and a car loan that has been fully paid off as well. Both accounts were in good standing when active and I never missed any payments or anything. My score was at 740 and now it's reading as un-scorable. Do I just need to open a new credit card? Am I starting back from scratch or will my previous credit history be taken into account? Any help or info would be greatly appreciated

I have several charge-offs (unpaid at the moment) totaling around 12k from January 2024. I am employed full time, earning around 45-50k a year.

Credit score is 635. I’ve aggressively worked to rebuild my credit. My credit attorney recommended allowing those accounts to age and settle if necessary, I’ve had a hard time tracking down some of the buyers of these accounts in order to settle.

75k cash savings. 300k in stocks. I earn dividend income from those stock holdings since December 2025 but I cannot use that until I have two years of tax returns reflecting this. With my dividends and employment income I sit at sound $5,500 or so a month gross.

I am looking to purchase a home in Florida. In the 275-300k range. Any chance of approval? I am told FHA does not require me to settle those old accounts. I was also told I could use a Non-QM mortgage if all else fails by leveraging my stock holdings.

Any chance at approval? Thanks

I have no idea what i’m doing. Nobody ever explained how important credit is as i was growing up. I have 2 kids and my fiancés credit sucks, he had a repo last year. I need to build my credit asap so i can move us into a new apartment or townhome (buying is a long term goal)

My credit is around 540, which isnt horrible but needs work. I have $3,400 in student loans which i have not been making payments on and a car payment, that’s all i have but my score is not increasing still. I don’t have a credit card.

Someone please give me advice, dos and don’ts, etc. I’m trying to better my families situation. This 2 bedroom apartment sucks.

I’m 24F and I have no credit. No one has ever explained to me how to build my credit and the dos and don’ts. With credit cards is there a specific one I should get? Is that the only way for me to build credit right now?

I wanted to see if anyone has any advice for me, I have a 2017 Hyundai Santa Fe, the engine blew up on it well over a year ago, I replaced the engine once causing me to get another stand alone loan of almost 7k, which subsequently the engine blew up months later.

I still actively owe $11,900 on the car, my best guess for how much the car is worth at an auction at most would be $4000. I pay about $450 a month on the loan alone, not including insurance.

Needless to say, my younger self is quite stupid. Now since I’m older I’m trying to correct these mistakes that my younger self made, but unfortunately this car dilemma causes me a lot of mental stress.

I have had this car for almost most of the loan terms only having 30 months left out of the 72. All payments on time.
I know I very much got screwed on my car loan and I was definitely stupid taking on a 2nd loan to replace the engine.

However I would absolutely love to get rid of my paper weight of a car and at least have some of that monthly funds back.

I understand my biggest option would be to surrender the car and take the credit hit and more than possible wage garnish. But does anybody have any other advice and route I could take, I’d prefer if my credit wouldn’t get shot, and even with a lower monthly payment.
If the surrender option is the truly only option, I would like to ask if anyone has gone through this in a similar situation that has any tips and insight they would like to share, please share them.

I would rather not have to refinance as the car has less than 3 years, and without having a running engine I cannot maintain a registration on the car as my county does emissions. I have no issue paying off the loan itself, it’s just a lot of money and time I wish I could expedite.

Honestly I'm at my breaking point... I'm making 45k a year with a master's degree and just finished moving. Currently have around $6,100 in credit card debt at a 24.99% apy. I've drained my checking and savings trying to pay them off, have restricted all non-essential expenses, etc. I'm working full time and have two side jobs to try to make extra money.

I'm only able to pay partial payments towards my total bills (slightly above the monthly minimum) each month, but the interest that's gonna accrue on the balance would immediately outweigh that. Literally what do I do? Find a loan with a lower APY to avoid cc interest? Is that a dumb idea? Like I'm at a loss fr.

This question comes from the perspective of being good with finances, but not strongly literate in the credit space.

To have a better idea of where I come from asking this, I have:
- Never missed payments
- Have minimal accounts of debt (only student loans)
- Have little to no credit debt (less than 2K)
- Currently own 2 credits cards. One with a 14k limit and one with a 13.5k limit
- Oldest account with credit history is >7 years old
- Paid off 1 vehicle entirely
- Never purchased something major (house, new car, ect.)

My ex wife turned in her Mercedes a couple of months ago with a $35k balance. I'm pretty sure the car went to auction and she hasn't heard anything and doesn't want to call. There hasn't been anything negative reported on her credit, MB just now shows the balance at 0. She's asking me what's coming next and I don't know. After the car is sold do they sell the balance to a collection agency? Is there a reason MB hasn't put this on her credit report? or they just haven't gotten around to it yet? Thanks.

I’m looking for a cash advance or loan so i can pay my rent by the end of today, i just need $500.I’ve been getting denied due to having too many inquiries even tho the loans i applied for said they did not credit checks. I currently have $230 but i need $665. my credit score is 663. Please help me find a loan or cash advance anything helps. I got denied for credits cards like capital one student card. i applied to cashnetusa and got approved that was my first ever loan about 3 weeks ago. i did small advances like cleo, dave, klover and got approved but denied from a lot of other loans.

I have started to care of my grandmother, age 88, and discovered she has $26,000 in credit card debt across 4 different cards, which she has been living off for the last 10+ years. She does pay the minimum balance due every month. But now the interest payments are more than 50% of her income, which is only her social security. Her monthly SS is $1100. She owns no assets of any kind. She is dependent on the family.

Curious at this stage, if it's better for her not to pay them at all?

Or send a judgment letter to the bank/creditors to notify for her financial situation.

Or apply for a debt collection loan to consolidate the cards into one lower APR debt loan.

Or file for bankruptcy?

Trying to see what is the least stressful and best financial option for her in this late stage of life for her.

I recently got a credit line increase on my SoFi credit card. Shortly after, I got a notification from Credit Karma saying my SoFi credit card was closed at the consumer's request. I contacted SoFi, and they said I requested the closure when I did not -- this was escalated internally.

I never requested this, so I'm extremely confused about why it happened. On top of the confusion, I've now lost about $10k worth of credit line & a card I had for 5 years.

I've already reported this to all three credit bureaus and escalated it with SoFi (who said I requested the closure, when I did not. They stated they have escalated it internally) and the CFPB.

I'm trying to understand why they'd close my card out of nowhere, claim I requested it, and how a mistake like that even happens in the first place. I'm unclear on what to do going forward. I also have a bigger concern as SoFi is my main bank. I have both my checking and HYSA accounts there. If they can make an error like this on my credit card, can I still trust them with my deposits, especially since my paychecks are deposited through that account?

Trying to apply for a secured credit card. Keep getting rejected. Im tired and im giving up at this point. It's ridiculous that you have money for a secured card and these companies do not wanna give you a time or a chance to try and rebuild your life back up. Its just ridiculous. Im using my own money, not theirs. Just frustrating and I just wanted to express my frustration