100% on time payments, no debt, good income, and I still have bad credit.Help me plea

Discussion in 'Credit Talk' started by thedeafel, Jan 9, 2014.

  1. thedeafel

    thedeafel New Member

    The only things on my credit are 1 collection for $98 for a debt I never knew I had from an unauthorized charge on a checking acct from a bank I hadnt used in yeats which I payed as soon as I was aware.

    And credit limit utilization maxed on my report though I have no CC cards.

    My score with exp is 650ish and I have never messed up. and I made a note on my credit report stating that I was never made aware of the $98 debt due to not banking with them for years and address change.

    I dont know what to do about credit utilization as ive said I won no credit cards.

    Someone please help me. Im very responsible but my credit still blows.it seems unfair.

    Thank you for your time.
     
  2. mindcrime

    mindcrime Well-Known Member

    Re: 100% on time payments, no debt, good income, and I still have bad credit.Help me

    How is your credit utilization at 100% if you have no credit cards and where/what report is telling you this?

    In order to help raise your scores, you need open revolving credit. Your Experian 650 credit score is a FAKO and shouldn't be worried about too much at this point. If you are unable to obtain an unsecured credit card, start with your existing bank or credit union, many have secured cards that graduate to unsecured status after 12 months of good history.

    Also, depending on the age of the paid collection of $98, it may not be affecting you as much as you think.
     
  3. mechanicw

    mechanicw Well-Known Member

    Re: 100% on time payments, no debt, good income, and I still have bad credit.Help me

    I suggest first going option to trying for unsecured card with a local credit union. 100% credit utilization does sound funky without revolving accounts. Mabe providing more details would help. If u can't get a unsecured card then go for a secured card. I suggest however that if u have ability to open 2 unsecured cards at differnt lenders then use those wisely for min 6 months to a yr. by then u should've be able to get a unsecured card east enough
     

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