Repairing credit.

[Robert Ford]

So here is the scoop. I am looking to repair my credit I have been working at this for about 2 years now. I have been able to obtain credit cards since my start. I went from having 10+ DAs and a Repo that I still owed on.

I now have maybe 1 DA and the Repo is payed off, I have 9 credit cards all under 30% with exception of one that I got as a balance transfer card. I also recently had to purchase a vehicle as my old reliable became old and dead.

My auto loan was for $14,000 and is now at $12,500. Once all my credit cards are paid off I will be paying more towards the auto. My monthly payment is $255 and I was going to pay either $300 or $350 towards that.

All my payments are made on time! My revolving accounts get a payment every time I get paid! 4 of the 9 cards are at 0 balance, 1 at 90%, 1 at 50%, 1 at 30% and one at 10%.

I can afford to pay $200 a pay to my credit cards. When one card gets paid off then the money used for that goes towards the card that is next closest to being paid off. I am going to start paying down the higher cards, like the one that is at 90%. I don't really use them any more.

I have a Target store card that I use for daily use items, shampoo, shaving, and things like that. A Walmart card that is used for the same. A Best Buy card that is used only in store, and I don't shop there often. Amazon for the site only. I also have 3 Capital One (they bought my Orchard Bank account) and a Discover card.

My average account limit is $600, 2 at $1000 (less then 30%) and one at $1500 (50%). My mom thought that it would be a great idea to help me out and add me to one of her cards that she just got. It has a $7500 limit and she charged it to $6000.

Would it hurt me to have myself removed from that card? She is on fixed income and will take her a very long time to get the card under 50%?

Also when I bought the car the first bank ran approved me, however 5 other banks were also pulled. I have about 20 hard inquiries on my credit which is way to high! In the next few months a few are coming off. I currently only use creditkarma.com to monitor because its truly free but I don't get a full report.

I really would like to buy a house. I am sick of living with my mother. Its nice because I pay no rent, however sucks because she lives in a horrible section of the city! I have been debating on renting an apartment, however that will cut back on my available money to pay debt down quickly, and to save money quickly.

I spent about 10 years of my life with no credit cards, no vehicle loan, and no debt whats so ever! Now I have a car payment, credit cards, and all kinds of things to pay! All I really want is to pay for a house! I need to find a way to get my scores up. Am I doing the right thing and now just having to deal with a waiting game?

I know that the older DA accounts are still showing up on my credit, and the repo is still there as well (its well over 7 years old) it has been disputed multiple times and went from showing a balance of $0 to most recently $9,000 when there is nothing owed on it.

The local credit repair lawyer refused to take my money and help because she said I am doing everything that I need to be doing and everything that she would do for me. So why should she take my money for something I am already doing, she has my respect!