Posted: Fri Mar 12, 2010 7:42 pm Post subject: Any Help/Suggestions?
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Well, to start, my mothers home - (the home I grew up in, and the home my son was born in) was foreclosed on. I came across a website which listed it for a mere $35,000.
I ordered my credit score online, and can't say I was too shocked at what I found. My middle score is 548. Granted, it was 543 when I first ordered it, so it's went up slightly.
I have 2 credit cards on there that I have been trying to pay off for some time now. Some people may think:
"If you wanted to pay it off you would have."
Believe me, I've tried. I call twice a day 3 times a week, if I am able to get past the language barrier and get across what I'm trying to do (work out something so that I can pay off these debts) they tell me there is nothing to work out and hang up. The companies are Capitol One and Tribute.
I don't know if it's just me, or if anyone else has had these problems. Well, on with it.
I have, in turn, applied for a secure credit card with Bank of America, with a $300 credit limit. My intention with this is to buy groceries - pay it off. Any idea how/if/when this will start to affect my credit?
Also, with Capitol One, they are reporting on my credit report monthly, to all 3 bureaus, but all 3 have different numbers as to my balance, credit limit etc... how can that be right?
I have also been looking into subprime/b/c lenders. I have read that this is not a recommended thing - but if it means they will lend to me, and I have to pay increased interest to keep a family home that has been in my family for a century, I will do it - I just can't seem to find one.
Aside from the 2 credit cards, I am a very responsible person, I have been with my job for 4 years, I pay my bills on time, I pay my car payment on time, I pay my rent on time.
I have a 7 year old son that lives with me, so you'd think that in itself would prove to someone I'm not going to default on a payment - I'm not risking my child's well being for anything.
Thank you in advance to anyone who took the time to read this, and for any advice, tips that could be given.
A secured credit card will have a positive affect on your credit score. If you pay off your balances on time, it would help in increasing your credit score by quite some points. As far as Capitol One is concerned, you will have to speak to them and check out if they can report the correct amount to all the credit bureaus.
As you have a stable income, after your credit score improves, you would be able to qualify for a loan. _________________ Procrastination is the enemy of your financial success
Posted: Fri Mar 12, 2010 11:38 pm Post subject: Capital One
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I have been trying to speak with them....it seems to be getting me nowhere - So, I took it upon myself to (I probably made a huge mistake by doing so) start paying off the card. I made a $50 payment tonight, and will continue to do so monthly. They report that I owe $1048. I will call them Monday and see if I can possibly get this number reduced, which may be unlikely, I don't know (I'm not much of a haggler either)
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amberdameonjohn
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