Hello there, first time visitor and immediate registrant! This may or may not be a combo post – maybe there’s a single simple answer for the whole thing. To help guide your recommendations, I live in San Francisco, California.
I was doing fine (well, 650-ish) until Aug 2014 when I lost my job. After that, one utilities account validly went to collections and I think the rest are still on the original lender’s books but in a charge-off status? I’m not sure how it all works. This is a basic/small spreadsheet I made about a week ago.
- I’ve since paid my card balance down to 10% of its limit
- I’ve saved up enough money to pay off this valid collections utility account (AT&T) in full: how would I write a PFD for this?
- What’s the best way to approach the other red accounts?
I’d really like to get to 750+ by 12/31/2016 as I’d like to go to get my own apartment and finance graduate school. How reasonable is this goal? Am I okay with this one credit card that I have with its $ 400 limit, or do I need additional cards to beef up my score (observing the 10% balance of limit rule) in addition to catching up on the delinquencies and making payments on time?
Thanks so much for your help!