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Paladine_PSoT posted:Quick and dirty background: I spent years in poverty with maxed credit lines and medical (and other) bills going to collections. In the last few years I've quadrupled my income and am now sitting at about 114k/yr cash pretax without bonuses. My expenses aren't all that great, and quite frankly neither are my debts now that i've payed off a bunch. I did, however, find some surprises today when I pulled credit reports for myself and my wife, and my credit score is abysmally low (580-660 depending on where its pulled from, wife is in the mid 700s). Can you give us a little more information about the nature of the derogatory items you found on your credit reports?
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# ¿ Mar 10, 2017 03:12 |
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# ¿ May 9, 2024 02:08 |
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Paladine_PSoT posted:I have 3 credit cards: It sounds like you have a couple derogatories that you may be able to dispute. Another possible thing holding your score down could be a high utilization rate. The credit limits on your credit cards are pretty low, and if they're reporting a utilization rate of >30% or so (e.g., if the statement period on your third card closes with more than $90 on it) then your score will take a hit. You may want to look into either bumping up the limits (potentially difficult with your score) or paying them off more frequently.
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# ¿ Mar 11, 2017 00:49 |
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Paladine_PSoT posted:What's the best way to dispute things off? Should I just start the process of writing letters? Is it better to get a lawyer involved? are there credit repair companies that are worth anything? Unfortunately I have reached the limit of my expertise. I know a decent amount about credit scores themselves but have no experience with disputing derogatories. Hopefully someone else has something useful to add.
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# ¿ Mar 12, 2017 03:26 |