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

I’ve had issues with a local credit union not allowing me to access online banking. I’d tried setting up an account multiple times, and even gone into the branch and told their was nothing they could do. Unknown to me, if I did not have the mobile banking installed, I was receiving account fees. This led to an $8 negative balance that was written as a charge-off and made its way to my credit score, dropping it 130 points. I never received a letter, phone call, or email. I went into the bank today, and the bank manager told me they are not at fault, and there is nothing I can do. What happens ..read more

Transposing from my TransUnion credit report Account type: Open account Loan type: COLLECTION AGENCY/ATTORNEY Balance: $314 Date Updated: 04/16/2024 Pay Status: >Collection< Estimated month and year this item will be removed: 08/2025 This account has been on and off of my credit 3 times in, from what I can tell, 6 years. This is not my account. I’ve had it removed (not removed because it was sold, but removed due to the company being unable to validate the debt) each time, but it continues to come back. I’ve been very careful to not do anything to reset the timeline for the 7 year delet ..read more

In a bit of a pickle and wondering what the best solution is. I have around 15k in credit card debt from a rough point in life. I found out you can "borrow" money from your 401k (although obviously I know that's not ideal) and now I have a few options: The debt is from 2 credit card accounts that are both closed now and in collections. I could settle both debts with funds from my 401K. But how badly does a settlement affect your credit score? Not sure if I should go this route or just pay one off completely and tackle the other one? ​ I've gotten my credit score up to the higher 600s and was ..read more

I took out a mortgage last June. As I knew it would, my credit scores dropped due to the new debt. The average of 3 credit bureau scores is down about 40 points, no late payments and no other debt. How soon should I expect to see the scores rebound? My income to debt ratio is still low. submitted by /u/Freebird_1957 [visit reddit] [comments ..read more

So right now I have two different credit reports one is 650 and the other is 670 I want to raise both of those to atleast 700 but idk how I know I have collections which I just chose to settle a 2k one but from what I hear that won't improve it until 7 years have passed and I still have 1k in collections and owe like 6k in student loans and have 7 hard inquiries cause I attempted to see what car I could get. My issue is idk where to even start to raising it if all these things won't matter for the next 7 years. I need some hard advice cause I'm so overwhelmed with all of this. submitted by ..read more