24 Looking to build Credit... What are some good tips on your first Credit Card

Anyone have advice for CLI for BCE? You have to enter what you want it raised to, as opposed to them raising you to whatever. I don't want to put it too high and get it rejected for that reason.
 
*UPDATE*

Called the collections company about doing a pay for deletion.

They told me if i paid the 500 in full theyd report it as paid in full, but it is not eligible to be deleted for another year because the debt has to be considered delinquent for 2 years. Does this sound right?

Should i try calling back an try negotiating with another collector?

Lastly which is more likely to gain a higher credit score? Paying the collections and having it as "paid in full" status or paying down my utilization from lets say 80% to 35-40%?

Thank you guys for the help
 
angels47 said:
Anyone have advice for CLI for BCE? You have to enter what you want it raised to, as opposed to them raising you to whatever. I don't want to put it too high and get it rejected for that reason.
Click to expand...

what is your limit now? 3 times that
 
DatZNasty said:
So, I am TREMENDOUSLY upside down on my 2015 Kia Optim Hybrid Ex (with every option, sticker just around 37). I also have 32k miles on it. I went to the dealership to talk trade in options and they pulled my credit report from 2 of the bureaus and noticed that while my credit union gave me a better rate, they're not even reporting. Put that model and # of miles into KBB and I think you get like $14,000 or $15,000 current vaue of the car while I owe almost double that paying $470 a month. They bought up that I should just voluntary surrender it. They made it sound much better than what I am reading about it now, still a repo, but at most it'd just **** up probably 1 of my bureaus. What do yall think? I mean I goofed big time here, I also took out the loan over 7 yrs to get my payments there no many down (and gave them my 06 Grand Prix).

I joked about having gap insurance and "something" happening to the car and Meth didn't like that, so seems like my only options to pay Mercedes/BMW note for a Kia, which admittedly are extremely nice, feature filled, and reliable cars, their reputation just has to catch up, or just take that credit hit and get something that'll work better for me. I need an SUV. I saved up cash to get a cash SUV, used. Can free up that almost 5 bills a month.

I am also a Government worker with a secret security clearance, you can have a few credit bumps and things here and there but too many affect that status so I'm weighing that as well.
Click to expand...
37k for a Kia is/was your first mistake. If your going to spend that much on a car buy one that hold value over time if your one to get the new car itch. 

That dealership is trying to hustle you, while the value of the car its no more than 14K the fact you have a auto loan help with your credit history ( I know its not monetary but helps you). Surrendering it is bad idea, not repo bad but you still will have a debt and no car. 

Id suggest trying to sell it yourself. If you work in the govt sector then ask around and see whos looking for a new car ( maybe for their wife, kid, 2nd car etc.). Or just keep it, you say you need a SUV but Im sure you mean you want a SUV. Unless you have someone in your family who requires a wheelchair equipped vehicle then Im sure you can manage. 

Dont couple one bad decision with another. I mean maybe next yr or the year after you get promoted where the $500 car note you have currently is more manageable for you to buy another car as well. 

Also Id talk with your credit union and see what they can do to help in your current situation. They are designed for the people maybe they wont do anything but they will have a more vested interest vs the car dealership. 

Lastly dont risk the chance that you may lose your clearance, if your able to save money just keep saving til you get what you want. 
 
zunigrp said:
*UPDATE*

Called the collections company about doing a pay for deletion.

They told me if i paid the 500 in full theyd report it as paid in full, but it is not eligible to be deleted for another year because the debt has to be considered delinquent for 2 years. Does this sound right?

Should i try calling back an try negotiating with another collector?

Lastly which is more likely to gain a higher credit score? Paying the collections and having it as "paid in full" status or paying down my utilization from lets say 80% to 35-40%?

Thank you guys for the help
Click to expand...
Homie its $500 just pay it off in full. I think you've "nickel and dime'd" the debit for a few years. 
 
NYC757 said:
Repped for this. 

Doesnt the govt offer a once a year credit check? Its been awhile since Ive done this myself but will check these out. 
Click to expand...

Annualcreditreport.com

It's only your report not your score but you get the report from all 3 credit bureaus
 
DatZNasty said:
So, I am TREMENDOUSLY upside down on my 2015 Kia Optim Hybrid Ex (with every option, sticker just around 37). I also have 32k miles on it. I went to the dealership to talk trade in options and they pulled my credit report from 2 of the bureaus and noticed that while my credit union gave me a better rate, they're not even reporting. Put that model and # of miles into KBB and I think you get like $14,000 or $15,000 current vaue of the car while I owe almost double that paying $470 a month. They bought up that I should just voluntary surrender it. They made it sound much better than what I am reading about it now, still a repo, but at most it'd just **** up probably 1 of my bureaus. What do yall think? I mean I goofed big time here, I also took out the loan over 7 yrs to get my payments there no many down (and gave them my 06 Grand Prix).

I joked about having gap insurance and "something" happening to the car and Meth didn't like that, so seems like my only options to pay Mercedes/BMW note for a Kia, which admittedly are extremely nice, feature filled, and reliable cars, their reputation just has to catch up, or just take that credit hit and get something that'll work better for me. I need an SUV. I saved up cash to get a cash SUV, used. Can free up that almost 5 bills a month.

I am also a Government worker with a secret security clearance, you can have a few credit bumps and things here and there but too many affect that status so I'm weighing that as well.
Click to expand...

Famb, you were straight up brainstorming torching the car and committing fraud, of course he would have a problem :lol:
 
38k for a kia :lol:


could have copped a near new lexus with that bread and would now be worth twice what they giving you for that kia
 
jon4rd said:
Annualcreditreport.com

It's only your report not your score but you get the report from all 3 credit bureaus
Click to expand...
I couldve sworn there was a score in the report but that website sounds familiar so maybe it was just the report as you mentioned. 
 
gil23 said:
38k for a kia :lol:


could have copped a near new lexus with that bread and would now be worth twice what they giving you for that kia
Click to expand...


A 7 year car loan will do just that and inflate the end-cost of a car.

Datznasty mentioned something about making 6 figures with a new position in the services, but always seems to be in money trouble and brags about not tipping. I don't get it.
 
zunigrp said:
*UPDATE*

Called the collections company about doing a pay for deletion.

They told me if i paid the 500 in full theyd report it as paid in full, but it is not eligible to be deleted for another year because the debt has to be considered delinquent for 2 years. Does this sound right?

Should i try calling back an try negotiating with another collector?

Lastly which is more likely to gain a higher credit score? Paying the collections and having it as "paid in full" status or paying down my utilization from lets say 80% to 35-40%?

Thank you guys for the help
Click to expand...

They are lying to you. They can remove it completely from your report. The only way you should agree to pay the full amount is if you get, in writing, that they will remove it completely.

If they put it as paid in full, yes it will decrease your collection amount thus improving your credit score a little, however it's still going to be an account in collections. And the sole purpose of paying it off is to remove the account completely.
 
Could you guys recommend me a 3rd card? So far I have Capital One Platinum and a Discover IT. I don't travel and my credit score is mid 700s. 
 
zack15 said:
Could you guys recommend me a 3rd card? So far I have Capital One Platinum and a Discover IT. I don't travel and my credit score is mid 700s. 
Click to expand...

Amex blue cash everyday is a good one for cash back. I can shoot you a referral if you're interested just PM me. 3% at supermarkets, 2% at gas stations and department stores, and 1% everything else.
 
zack15 said:
 
Could you guys recommend me a 3rd card? So far I have Capital One Platinum and a Discover IT. I don't travel and my credit score is mid 700s. 
Click to expand...
amex blue cash is a good choice. you can also look at Chase freedom unlimited or maybe the Citi Double cash back card. Or.....you could upgrade your Cap1 platinum to the Quicksilver and get 1.5 cash back on all purchases. 
 
PrimeTimeBoy said:
amex blue cash is a good choice. you can also look at Chase freedom unlimited or maybe the Citi Double cash back card. Or.....you could upgrade your Cap1 platinum to the Quicksilver and get 1.5 cash back on all purchases. 
Click to expand...

This. Would recommend BCE or Freedom.
 
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