r/CRedit

Perfect credit history for over 10+ years, many healthy lines of credit, & over 810 Credit Score. An $11 payment got charged to one of the credit cards I don't use often, I didn't notice it, I addressed it 35 days in (past the 30 day window), it got reported from Bank of America to the Credit Bureaus. Saw the hit to my Credit Score just a week later. Went from about 810 to 700 or so.

I get it I'm an idiot. I don't know what to do now, in fact, I don't even know what the charge is from? I've tried to find where it came from, could be fraudulent. Is there anything I can do to recover my Credit Score from this? I'm trying to buy my first home now so going from 810 to 700 is certainly going to hurt me a lot w/ getting a desirable interest rate.

Any solutions for me here? I've asked BofA over the phone to get it changed with the Bureaus, they say they don't do Goodwills, they're quite adamant of that. I feel a bit stuck.. any proven wisdom here?

i currently have a Mission Lane credit card. my credit was poor so my credit limit was $300 and i barely used it. it was then raised to $2200 (within the past 5 months or so), and i’ve been using it more just recently (like this past month) and currently have a balance of $1800 (i know, i know) and i don’t think it has reported to my credit since i’ve started heavily using it. my credit karma shows i have a 740 transunion and 724 equifax score (i know these aren’t super accurate, but just wanted to give you guys an idea?)

also, if i need to pay that balance down BEFORE i apply for another credit card, i can absolutely do that.

i want a second credit card so that my credit utilization goes down, and just to have that cushion for emergencies. but i’m also saving for a car. would a recent inquiry look bad?

i don’t know much about credit, obviously. but i do want to open a second credit card and legit never use it. maybe use it once a month and pay it off immediately. i don’t know what to look for whatsoever. and i don’t know if i need to apply for one ASAP before my new (high) utilization starts to report on my credit report?

any help would be greatly appreciated! i have no clue what i’m doing and don’t know what to look for.

My mother bought a $1,300 iPhone 13 Pro Max on credit and transferred it into my name while I was homeless. Once the novelty of showing it off wore off and she realized she had actual payments to make, she just didn’t. Pretty on-brand for how she’s treated me overall.

It’s wrecked my credit, which is now making things like buying land way harder than it should be.

From what I understand, the only real way to dispute it is to file a police report against her. She’s the most controlling, difficult person I’ve ever dealt with, and she’s had a hold over people in her town and the surrounding area for years. Every time she’s been part of my life, things have gotten significantly worse. I do not want to interact with her in any way, if possible.

Right now I’m leaning toward just letting the debt run its course instead of going the police report route because in a town of 13,000 the (visibly) richest person here has too much reach.

Has anyone dealt with something like this? What actually worked for you?

I’ll soon be in a situation where I can pay off a card in full. Should I close the credit card and just forget it about it or should I try using it again but this time correctly?

It’s been overdue and over used for many months and I have only been making minimum payments. Is there a chance to for credit increases with a card like that or should I say goodbye?

Long story short I had about 4 years (after I graduated high school) where I had no idea how credit really worked, so i just assumed you apply for it and make monthly payments. The reason why I didn't pay much attention to it in general was because I had no need for credit. Cut back to last year, I live with family and our 2 cars are old at this point. Like things starting to break a lot more often and I believe they are 7 years old by now. We use them for our hour commute to work, so all that wear and tear over the years is starting to take its toll on the cars.

I decided id buy us a new car, and after doing research on it thats when I learned I had 0 credit history. So the years I was making good money I could have been building up my credit, but since I had no idea thats how it worked i never did it. Plus my family always told me to never get a credit card as it was very easy to slip into debt. So without any credit history I am unable to get any financing, not to mention the few that do offer financing to me have an extremely high down payment; which kinda defeats the purpose of financing.

I live with family and I always contribute money to the regular bills and grocery bills. I mention this because I basically have no rent bill, making it a lot easier to save up for more expensive things. So i can afford monthly car payments easily. My goal now is to build up my credit history as fast as possible. From what I've learned, the first step is to get a secured credit card, use it once a month, and always pay it off on time. From what I've heard it takes about 1 year just to reach "good" credit, which is still far from the excellent credit score that is needed to get the lowest monthly payment costs and down payment.

All that considered, my question is: aside from getting one secured credit card and paying it off on time, what other methods can I use to build up my credit score even faster? An older post on here mentioned to have 3 secured credit cards and an installment loan. I could do the second secured credit card, but im unsure about the installment loan on top of the three secured credit cards. But since we need a car soon and i think 2-3 years is too long of a wait, does anyone know of any more methods to get your credit score to the excellent level as fast as possible? (I know it still takes time, but just wanted to see what will reduce the wait). The car im looking at is mid range price wise (so not super cheap but not $100,000 either, so im definitely not looking at anything crazy expensive like a Ferrari. And specifically looking for an electric car, because while you still end up paying for electricity to power the car; its a lot cheaper than gas here in southern California.

Thank you for your time and i appreciate the help!

Have three old charge off’s from affirm about 3 years old. Disputed several times no success. Any suggestions on how to get these deleted?

Long story short moved addresses and forgot to pay my closing bill for AEP. Paid it online a couple months late on the AEP website and the company sent it to collections before I paid it. Never got any mail or calls from AEP since I moved addresses which sucks. Pay on time for 2 years and get screwed by one mistake.

I really DO NOT want to deal with the collection agency. Can I get the collection removed from credit report since I already paid it by requesting a good will deletion request from AEP? Or by disputing on the BBB or Experian with my receipts? Open to any options. Thank you!

I currently have a 763 credit score as of 08/02 according to Experian, and I’m checking my FICO score through my bank app.

I used to have Spectrum Internet, but I cancelled my service around early May. I needed to return the equipment, but all the Spectrum stores around me are driving distance and I can’t drive. My brother offered to drop it off, but he kept forgetting. I hounded him about it and he said he would do it. But with everything that happened with my father passing and issues with school, I completely forgot about the equipment.

I just found out that he never dropped it off, and I got a text from Spectrum saying, “Return equipment to avoid further collection.”

I called Spectrum absolutely frantic, and the problem is that every time I get a new agent, I’m hearing completely different information. One agent told me it had already been sent to collections. Another said my account was just charged off but had not been sent to collections. Another said he couldn’t tell me. Then another said it was charged off around July and that today they sent it to collections. Another said it hadn’t been sent to collections and that I could still pay off the $180 balance. But then another agent said I couldn’t pay Spectrum and had to call the collection agency, but for some reason he couldn’t tell me which agency it was. Then another agent gave me the names of three different agencies?

At this point, I just decided to pay it the exact same day. The agent I was speaking with said she could get the debt recalled and have the charge-off removed, but I don’t know if that’s actually true because I keep getting completely different stories from every agent I talk to.

If my account was charged off back in July, shouldn’t it already be showing on my credit report? My credit score is still 763 right now.

What should I even do? I feel absolutely distraught and angry at myself. I feel like my life is over. I need private student loans because I’m planning to apply to medical school, God willing, by 2029. If this gets reported to my credit, I know it could stay there for seven years. Will my credit score ever be able to get back above 700 or even 720 before those seven years are up? Am I basically going to be barred from ever getting a private student loan? Is my dream of going to medical school over?

It’s already hard enough to get a private student loan without a cosigner. The only person I have who could potentially cosign is my mom, and her credit score is probably in the upper 600s at best. What if that isn’t enough?

I only have one credit card, and I’ve had it for about three years. I’ve always paid my bill on time and have never had any issues with it.

Should I open another credit card and just use it for small purchases to help build my credit? I know this is all confusing. I just don’t know what to do right now. I'm so distraught I completely lost my appetite

Was reviewing my report at the credit union for a small loan and was asked about a late payment on a Capital One credit card that had a $4k balance. While I do have Capital One credit cards, I have none with that balance.

After some calling around I found out it belongs to a friend of mine. How the heck would that show up on my report?

I was going to call Capital One but not sure they’re going to help me. Sounds like the credit agency is my best bet?

Hello all

So someone on this subreddit informed me I could request an early removal of certain debt’s that are about to fall off my report. I attempted to do this and experian just sent back the information was verified. What gives?

Hi everyone,
I'm working on a pay for delete for a $4k collection, which is currently holding my FICO score down at 531.
If they agree and remove it, is it realistic to expect my score to jump into the 600s? Also, what starter or secured cards would you recommend to start rebuilding once it's gone?
Thanks!

Hi,

I'm in a weird situation. GEICO activated a policy even though I said no due to price being too high and I was unaware of it until I got notified that charges have been reported to collection. I've proof that I signed up for insurance policy somewhere else before the starting date of the supposed GEICO policy. I sent them the proof via email to underwriting3@geico.com in March. I reached out to customer service earlier this month and I was told it's the wrong email and to send it to uw3@geico.com. today they said the "supposed policy was not in the subject line and needs to have that.

What's my route from here? I need this to be resolved asap, dealing with something financial that requires my credit to go back higher.

Thanks in advance

hi everyone

(the might be a stupid question but bare with me)

im new to having a credit card and my 0% APR promotion has ended this month. i currently have a balance of ~$500 and am only able to pay off around $300 of that by my payment date, but i’ll be able to pay the full balance a couple days later. the problem is that when i pay the rest of my balance off i’ll be doing it before my statement date but after the payment date. due to interest not being a factor before i’m not sure if i’ll be charged interest for the balance i’ll be carrying in between my payment date and statement date. i also have the wells fargo active cash card if that changes anything.

any advice/help would be appreciated

I just recently started looking into the AVEO method to improve my credit. However, every time I think I understand it, I wrap myself back into a knot about it. I think I’m just overthinking it.

The one thing that I keep stumping myself on is my statement closing date. Say, for example, the date is the 8th of each month. I understand that the first of each month is the payment due date for the previous month. However, I want to have a $0 balance on most of my cards and a very low balance on one by the 8th. Does this mean that I don’t spend on any of the cards (assuming that I pay them down in full by the first of the month) except one of them until the 8th? Or am I mistaken?

I’m just trying to improve my current score of 660 to the “good” range in the near future and then aim for higher in the coming months.

Looking to get another credit card but have thin profile have a credit one not secured card with a $400 limit want a card with more spending as I do a bit of traveling and card is never enough for the deposit holds abroad for rentals
I have had the card for 8 months
Have 1 collection for 768 from Verizon but is abiutb6 years old
Have one loan paid off last year for 1,000 from my credit union
Any recommendations on another card I can get ? I know it’s petty vague but my profile is thin