Hi everyone, this is my first post on here so go easy on me. I am currently in the process of repairing my credit. When my ex-wife and I got a divorced, my financialy situation went down the drain along with the marriage. I difulted on all of my accounts, except for one. Things are a bit messy right now. My last payments for most of my accounts was April of 2013. I currently have two credit cards.
Synchrony Sony Credit Card: $ 3,000 (I am an authorized user on this. My ex wife’s is still the primary on this card.) 0 balance
Capital One Quicksilver One: $ 300 (I just got approved for this card two weeks ago) 0 balance
I am in the process of rehabilitating my student loan with ECMC. I applied for the target red card but got denied (they are charged off), I applied for a Discover Secured Card and got denied (I had an unsecured card with them but they are also charged off) and I applied for a Cheveron card and got denied. I am just looking for some advice and help. I want to rebuild my credit. I currently have 4 or 5 inquires. One of them should fall off in June. My credit score with Transunion is 579.
Side note. Both Discover and Target show up on my Equifax credit report as open, with a balance but Payment status shows “collection/charge-off” and in remarks it says “charged off account”. Since it is “open”, can I contact them and pay them directly? Do you think it would be possible to reestablish a relationship with them?
Thanks for all of your help everyone. I hope to gain some knowledge and get things going.