Credit inquiries

Jan 172011
 

Have a quick question,

 

I’m looking to securing a home loan and purchase a house in the coming months.  Problem is my credit score is pretty borderline to getting any type of loan – 640.

I have 3 hard inquiries from 2/24/2010, 1 hard inquiry from 6/10/2010 and 1 hard inquiry from 9/7/2010.  I’ve researched around and blogs have been telling me that inquiries stop being counted against your FICO, 1 year after the date.  Is this true?  That being said, should I try to process my home loan credit pull on Feb 25th?  This would be 1 year after the date.  Or does it take a few days or months after the date to clean from your record?  I also heard that at 6 months, an inquiry becomes less of a factor which means I should really wait until March 8th (6 months after my last hard inquiry) to try for the home loan.  I love this site completely and would appreciate any info.

Public Record – PFD possibilities? Removal? HELP!

Oct 212010
 

I’ve been making great progress with cleaning up my credit.  By far the biggest baddie on my report now is a public record for unpaid state taxes in GA in 2004.  I kept thinking that they would just drop off in 2011 but as I read recently, they stay on for 7 years after the date of payment.

 

The original balance was about 800 dollars and I partially paid in 2008 but stopped with my plan.  I can now pay the remainder off (roughly $450) and I fully intend on doing so.  My question is, how do I use the leverage of the remaining balance to TRY to get a PFD from the state of GA?  Does anyone have any experience with this and does anyone know if this is even possible?

 

Will paying this in full report any score change from having it not paid?  This will release the lien I have (tax lien) but it will still say public record.  Can I get this removed somehow?

 

THANK YOU!!!!!!

CA and SOL for Texas

Feb 102010
 

In December 2005, my husband was put on active duty orders to attend a school in Texas. We had to rent an apartment for him there and entered into a lease. At the end of August 2006 he was told orders were being cut to send him back to our home state of CO in September. He provided the letter the unti gave him stating this would be happening and the apartment complex refused to acknowledge that notice stating that they needed “Official Orders”. When the orders were finally cut, he provided them and apparently (we’ll get to this in a minute) signed a notice to vacate.

 

He moved back home. We never heard anything further from this apartment complex. Fast Forward to January 2010….My husband gets a call on his cell phone (which the apartment complex had BTW) from a collection agency looking for rent for that apartment complex for October 2006!! WHAT???? So he says, I don’t have any knowledge of owing anyone anything and asks thm to send proof of this debt. A week or so later we receive a letter from the CA with a photocopy of the lease and the notice to vacate. Once I got a good look at the notice to vacate, it would seem that he signed a notice that committed him to paying October rent even though he did not occupy the space based on some Texas law that allows “the Lease Contract will be terminated under this military clause 30 days after the date on which your next rental payment is due”. It pains me no end that we would need to pay for  month that he didn’t occupy the space and that they likely got rent for from a new tenant.

 

We NEVER received anything from the apartment complex even though they had our Colorado address and my husband’s number and now three years later we get a call from a CA. I am assuming this was because the Texas SOL is 4 years and will be up in October of 2010 (if I understand corectly).

 

My questions are?

1. Because they sent copies of the signed documents, does the SOL clock start all over again? 

2. If not, should we just wait it out?

3. Is there any recourse against the apartment complex for not attempting to collect this debt timely before dinging our credit?

 

Thanks in advance.

Please help new at this….

Feb 082010
 

I recently got a credit report for my husband. He has 4 collections showing on equifax and experian and 0 for transunion.

He has 6 neg accounts for transunion but none for euifax and experian. All these neg accounts on transunion show a past due balance of 0 dollars. They all also say open but the same ones show up on the other 2 as closed. I don’t understand alot of this. I have been reading on the boards but still at a loss.

 

We are utimately trying to get a house in a few years so we need to get his score up. Right now it is a fico score of 576 I dont know how to check them individually. He has 2 installment account. One is a car loan the other a personal loan both are in good standing and have never ever been late. He doesnt have any other accounts. The collections and neg accounts are mostly old cell phone bills he didnt pay when he was younger. in 08 and a few early 09. Alot of the neg accounts and collections have not reported recently …they stopped reporting a few months after the date opened…..

Also the credit history length isnt good. It’s a year on experian..avg 8 months….4 months on equifax(which i dont get cause the car loan is on there and has been for a year) avg 8 months. and transunion 1 year 11 months….avg 1 year 3 months.

 

So my question is what would be the best way to raise his score? And a fast way…….

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