I recently acquired some funds and I'm looking into settling a car repo debt from 2020 of 7500 but the original creditor sold my debt to a collection agency. I got in contact with them back in 2022 and didn't want to negotiate and asked a for payment plan but I wasn't interested or had the money too. What are my options on trying to remove this off my credit? 2027 is quite a long time when this falls off my credit. Can I dispute it? Settle for less? I need advice! submitted by /u/DistributionIll9686 [visit reddit] [comments ..read more

I bought a new car this month and financed $8500 of the cost over 48 months. I've already paid a few months in advance and now I have a question I would like your advice on. If I'm able to pay off this debt in under a year, should I just leave a small token amount on the debt to ride out the full term? I know it'll help my credit score if I do but I'm wondering if there's an advantage to being 100% the owner of the car, with possession of the title. It's my first new car (and first auto loan) so I'm unsure if there's any advantage either way. submitted by /u/Scrambley [visit reddit] [comment ..read more

I am just now doing everything in my power to get my credit score up high enough to buy a home and as of right now my FICO 8 is at 609EX 561EQ and 564TU while CK tells me my vantage scores are 522TU and 466EQ and I'm just lost on the entire thing. I get there are many credit scores and that different lenders look at different scores, but how do I find out which score a certain lender looks at, and is it even possible to think I can be approved for a mortgage loan by September. submitted by /u/Maggothead96 [visit reddit] [comments ..read more

submitted by /u/purdueGRADlife [visit reddit] [comments ..read more

Hello, I just opened a credit card about 3 weeks ago. My mom has a credit score of 830, will being added as an authorized user under her account help boost my score quicker? Or since I already have my own card is it not going to serve as much aid to be added? submitted by /u/JulienRay [visit reddit] [comments ..read more

I’m 27 yo nurse in Texas starting to think about buying a house in the near future. I have a debt collection from breaking a lease back in 2018 when leaving an abusive relationship where both of our names were on the lease. Next year I believe it will fall off of my credit report. I’m just not sure if I should pay it off or if I should wait until it falls off my credit? Or if I should dispute it? Or if it’s still going to show up once I decide to look for a mortgage loan regardless of the 7 years if I decide to wait? This is the only collection, I have I don’t have any other debt etc. submit ..read more

Hi guys, I’ve have a credit card with Credit One and I missed three payments while going through a hardship, so they ended up charging it off on my credit and sold it to a collection agency. I’m trying to buy a house in the next few months and I’m trying to see how I can get this removed off my credit. I was told by a few people call Credit One and ask them to settle the debt with them, but they’re telling me that they are no longer able to service me because they sold my account. The collection agency is now reaching out to me about the debt and I’m afraid to have two negative reports on my ..read more

So wife and I made a really dumb mistake. She let her personal CC go late past 90+ days. It got closed and it is currently sitting around ~22k. Also two years ago we opened a Lowe's card for the sign up bonus and forgot to pay that and the same situation occurred, however, it was a very small balance so we just PIF that one(~$400). Her score is in the gutter now (~550) with these two accounts. Luckily my score is very good (800+) with no bad marks and I am the sole earner of the family and we have no plans to buy a new car nor house in the near future. BoA offered to settle for $12k. I was he ..read more

Hey all. I've tried my best to maintain my credit score up until recently when I made a bit of an Auto-Loan booboo. (Completely slipped my mind that I hadn't set-up any auto-pay service. Was a day late to my payment. This resulted in a MASSIVE 110p drop in my score from ~750. You live and you learn, that's besides the point.) I'm looking for ANY sort of tips, tricks, techniques, advice, anything to help push back into that 700 range, maintain, and eventually into 800. A bit of background for those curious: I only have 1 singular credit card (Problem #1, I'm sure. - Discover IT) I've previous ..read more

Equifax/TransUnion: 643 FICO: nada (I use Chime's Credit Builder card.) I only have three things on my credit report. Two of those are ER visit bills that were never billed to insurance. One in 2019, one in 2020. Now in collections I have proof of coverage for those dates. And the insurance company verified that no bills were submitted to them for those ER visits. This hospital is notorious for sucking. And having issues with billing insurance . The collection agency is local and primarily used by Wisconsin healthcare providers. It was Wisconsin's BadgerCare plus Forward Health. (Medicaid) Th ..read more