Which is a better idea to improve my credit score

Question

I am trying to rebuild my credit from years of neglect and stupidity as of now I have a 521 through equifax but a 601 through trans union (no idea how the big difference is posible but that's a different matter) most of the reson it's so low is a very poor payment history. I am now on track with all my bills that aren't in either charge off status or collection and only have one 1 more collection to take care of. And one care off( thinking of trying to do a debit consolidation loan for that thoughts?) But 2nd and main question is which is better to pay down a current revolving debt, pay off an installment loan or get a secure cc to increase my available ratio/ usage ? Thoughts please this journey is just beginning

Answer 1

Thank you for your responce and recomendation Below I will itemize my credit report, I just pulled m free anual report. I will also list the current actions that I am curently taking on each account and see what you all recommend. Thank you again Good reports Navy fedral auto loan  Balance $8394 open Feb 2013 reports monthly total of three 30 day late payments back in jun, sep, and oct of 2013 since then payed on time  Personal credit plan instalment loan balance $324 reports only pays as agreed nothing else no monthly payment history Military star card revolving credit balance $1,456/1,775  Reports as pays as agreed but is listed as potentialy negative due to  3 30 day late payment 3 60 day late payment  I am disputing 5 of the late payments because after the 1st one it began paying automaticaly our of my paycheck Chase Card-- This one I am confused about I was an authorized user for a while on someone elses account and it went well but this just has date reported 2008 pays as agrees Les schwab revolving reports as open but no credit limit and last reported 6-2007 DSHS support enforcmenttype: open  pays as agrees 2 120 day late report back FEB 2009 and DEC 2008 but they only report every other month Closed acounts several installment accounts that were paid and they closed when they were paid offexcept these Pioneer/mac instalment loan  Status Charge Off Balance $5 353 CO since Nov of 14  oct 180dl sep 150 DL aug 120 DL jul 90 DL Jun 60 DL may- Jan 2014 30 DL which isnt correct. USA discounters installment account CO since nov of 2012 late since nov of 2011 but NR from the open of the account in jun 2010 untl the late report in nov 2011     --- This one I am fully disputing I payed this off early and the decided that After I payed it off they were still going to charge me the intrest that would have accumulated on the account if paid as planed despite their contract having no early pay off penelties. Midland creditwas a colection account that I paid of jan 2013 Navy fedral revolving" Balance $5642/ closed for change of intrest rate from 17.99% down to 6% several 30 date late payment last one dec of 14  Collections  Stellar recover: random $696 from century link. --Disputing this as not my account as i havent had century link. a medical bill for $43 trying to investigate this one CBE group for $903 for a direct tv bill-- Disputing and trying to validate I had D-tv but cancled it correctly and dont know why this exist Credit managment paid collection in 2-2014  OK so that is my god awful report. A few courses of action that I am curnently look at. Debt conslidation loan at least for the pioner loan and try a PTRto improve my score which If I understand correctly is 521 ( reported from a lender)Also 2 other things Im milling aroundoption A - scrape up $300 some how and get a secure CC and use it for something small everymonth but paying it offoption B - taking that same $300 and pay down the military star card to improve my ratioWhat say you all ?? Thanks and sorry for the horible and long winded post