betam4x Posted January 10, 2008 Report Share Posted January 10, 2008 Hi Everyone,I just recently started reading through the site. A year ago I lost my job and my credit went from bad to worse. Prior to that year i had somewhat below average credit. I had several collections, but most were medical. Then last year rolled around and after being laid off from my job, got nailed with 3 charge offs. This year I got a new job and I have decided to work on my credit.According to TrueCredit:As of right now i have 115 inquiries16 collections3 closed accounts in good standing2 open accounts (student loans) in good standingIn addition I just got an auto loan (24.5% OUCH!), a $500 secured card and a god forsaken $250 fee ridden unsecured card, none of which have posted to my credit report yet. (All of these I applied for within the past 6 weeks) I also got my g/f to add me as an AU, even though FICO 08 kills AUs.I have immediately sent debt validation letters to 2 different places and disputed several items on all my credit reports.I will let you know how it goes.FICO - 1/08/2008 - TU: 527 EX: 476 EQ: 574FACO -1/08/2008 - TU: 545 EX: 500 EQ: 542 Link to comment Share on other sites More sharing options...
Amerikaner83 Posted January 10, 2008 Report Share Posted January 10, 2008 Sounds like your jumping in with both feet - welcome!!! Link to comment Share on other sites More sharing options...
VeVe Posted January 10, 2008 Report Share Posted January 10, 2008 Is it a new model car? If so, I would suggest checking into refinancing it with HSBC Auto asap. Fill out the online app and you'll find out if you're pre-approved (soft inquiry). They should be able to give you a rate at least 9% lower than what you currently have. 24.5% for a car loan should be illegal. In the end, it's like getting one car for the price of two. Link to comment Share on other sites More sharing options...
betam4x Posted January 10, 2008 Author Report Share Posted January 10, 2008 The problem is one of my charge offs is through HSBC so I doubt they would work with me, however i will try. Link to comment Share on other sites More sharing options...
VeVe Posted January 10, 2008 Report Share Posted January 10, 2008 The problem is one of my charge offs is through HSBC so I doubt they would work with me, however i will try.That won't be a problem. Link to comment Share on other sites More sharing options...
betam4x Posted January 10, 2008 Author Report Share Posted January 10, 2008 I just tried and i was denied. I am supposed to recieve a letter explaining why in 7-10 business days. Link to comment Share on other sites More sharing options...
whocares Posted January 10, 2008 Report Share Posted January 10, 2008 First off, welcome to the forum...you have alot of repair so you'll be here awhile...You will find all the information you need to clean up and rebuild here...So get started and good luck!!! Link to comment Share on other sites More sharing options...
jetscarbie Posted January 10, 2008 Report Share Posted January 10, 2008 You should also search this site for *b...which means bumpage. That many inquries is bound to kill your score. Link to comment Share on other sites More sharing options...
hasas13 Posted January 10, 2008 Report Share Posted January 10, 2008 I am glad you are in for the ride. Link to comment Share on other sites More sharing options...
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