New To Board Need to Rebuild To Buy Home March 2011

Nov 062010
 

New to the board and newly committed to rebuilding my credit.

 

I have several credit issues I am on track to resolving. The major ones have been student loans. I recently got all of my loans back on a current payment status.

 

I have 3 collection accounts totaling about $200. I plan on paying these off.

 

What kind of score increase can I reasonably expect between now and January? Assuming I pay off the collection accounts and keep the student loans current?

 

I have been reading the boards and noticed that 620 seems to be the lowest score to secure a mortgage. I don’t have any open credit cards, auto loans, or store cards. (I can’t get approved for any)

 

Experian – 575

Transunion – 587

Equifax – 579

 

Just Getting Started. Need Advice!

Aug 072010
 

 

I’m in the beginning of working on my credit issues and I’m Not sure what to tackle first, but I did pay the smallest bill just to get it out of the way.. My scores are posted in my sig.

I applied for an Orchard Secured Card, a Credit One Card ($300), and a Capitol One card. Was turned down for Kohl’s.Not applying for anything else unless you think I should.

 

I am looking to qualify for a mortgage by Jan 1st, and the lender wants me to have at least 620, but I would like to make the 700 club if at all possible.

Can it be done and what’s the best way to raise my score?

 

Here’s what I’m working with:

 

Federal Tax Lien released 7/05  – 0.00

AFNI – $550 (Verizon)
LVNV Funding – $596.00 (HSBC)
LVNV Funding – $596.00 (HSBC different account number)
Americredit – $4502 (repossession, reporting delinquency every month)


“Unknown” – $379.00 (Medical Collection)
BERKS CREDIT & COLL – $463.00 (Medical Collection)

HARVARD COLLECTION – $88.00 (Sprint) – paid this on 8/7/2010
FIRST PREMIER BANK – $49.00 (Open, 2 30-day lates, 2-60 day lates, account in good standing)
AMRCN HM MTG – 0.00 (paid, 4/06)(Closed)
HSBC BANK – 0.00 (Payment after charge off)(Closed)
HSBC BANK – 0.00 (Payment after charge off)(Closed)
HSBC BANK – 0.00 (Payment after charge off)(Closed)
PLAINS COMMERCE BANK – $0.00 (Closed, not charged off)
CHRYSLER FINANCIAL – $0.00 (Closed, Paid satisfactorily)

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Need Advice: Call or Write

Mar 162010
 

Hello All,

 

I need some advice on how to proceed with  contacting two Creditors about deleting some 30 days & 60 Day late pays from my CR( all of which happened in Oct & Aug 09).  I want to apply for a mortgage in the next few months.  I’ve had some credit issues in the past obviously and I’m desperately trying to get to 620 in order to apply for a mortgage.  My current score is EQ:560.  I also will need to pay down some of my credit cards in order to increase my score.  This won’t be a problem to do within the next 60 days.

 

My question is should I call the creditors regarding getting a good will deletion or should I write them letters?  One of the creditors is Orchard Bank/HSBC and the other is my Student loan company.  What would you suggest?  Thanks in advance for your replies and advice.

 

AJ