Thread: My Credit Repair Project - Looking for advice please

Originally Posted by smr2001

Limit on Amex is $13,000 and Limit on Visa is $10,000 and I pay both cards off every month. Last year I ran about $34,000 through the Amex and $10,000 through the Visa.

Sounds like your CU ratio should be fine then. I would stick with those 2 cards for now and then maybe add a 3rd to the mix in the near future to get some additional available credit. That will help improve your CU ratio even more. Unless your credit history is short, which it doesn't sound like it is, I doubt adding yourself as an AU on a relative's card will do much for your FICO scores.

Originally Posted by smr2001

For ease of reading I've embedded my answers below:

Thank you for your input, I greatly appreciate it. Somehow between the reading I've been doing and the feedback I've received I really don't feel that bad about my situation; when I first read my credit reports I felt like the sky was falling. I knew I had some bad items on there but when you see it in black and white and the credit score it really hits you. The good news is I only have to deal with these types of items. I don't have credit cards, loans etc. that I need to pay down to get my debt number where it needs to be, I have zero credit card, loan or any other debt (out side of these items).

I will definitely update as the process moves along.

No problem, and I'm glad to hear that you aren't carrying any credit card debt, etc. That's great! Continue to pay your balances off in full and on time every month and that will do wonders for your FICO scores as time passes.

Also, it sounds like you'll be cutting it really close on those accounts that are about to fall off your credit reports next year. If no one is in contact with you regarding them and the SOL has expired, you may just want to lie low in hopes that they both fall off your credit reports before you need to begin applying for a mortgage. Have you received any communication from the CA recently?