My husband has a high 500 score (bad I know), but his debt is really low (Less than 1,000) but he just now paid off a credit card that he DIDNT pay for 5 months. His income ALSO has been low for the past few years, but he is deploying soon and will be making more than enough money to afford a house. Will the mortgage people take let us have a VA loan (he is eligible, served 1 and 1/2 yrs in Iraq) even though he HASNT made much money, but it is PROVEN he will make enough money to pay for the house? We’re in a crunch to buy a house, because we live in a one bedroom apt. with 2 dogs, and the rent houses in this town are twice as much as buying, and in bad neighborhoods. PLUSSSSSS I’m pregnant, and I want to feel safe there by myself and baby while he is gone. DONT give me a website to FIND the answer, just let me know if they will give us a loan based on his FUTURE pay. THANKS!!!!!!
Hello Everybody,
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Well my name is Lily and I am here because I need advice on impoving my Credit Score.
My parents are in DEBT and they are loosing our home the only hope we have is Refinancing, My father wants me to give it a try. I am the only one with a Decent Credit Score.
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My Fico is 585.
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The only problem is that i have credit card debt, i have never been late or missed any payments. the problem is that i have used more than my 30% on the cards.
I am carrying a balance on probably 10 cards.
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Recently one of my dogs got sick and we couldnt affor the vet bill so i applied for several cards and i believe that had a negative impact on my credit.
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can someone give me advice on how or what will help me improve my credit.
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Thank you very much.
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BTW: My total debt is about: $7,000 (credit Cards) and i have an auto loan of ($19,000)
The last time I checked my score it was 740. This year however it has dropped to 688 through TU and 696 through equifax because I’ve opened too much credit this year. The first card was back in March and it was my Kittle’s card. I actually had a card through them that I opened in 2007 when I bought a bed and had a $7500 credit limit on it. I paid it off before the interest kicked in and didn’t use it again March when I found out they closed it out due to inactivity. I reopened the card through them because my parents’ couches were old and dying (and my dog was contributing to their distruction) and we didn’t figure out the other one had been closed until we went to pay. I had offered to put the new purchase on my card since I already had one and they had their couches 50% off with no interest for the first year. My new limit for that card is $2000. Of course it was maxed out from day 1 because the couches went on it but the balance is now $750 and coming down rapidly as both my parents and I have been making payments on it and are set on paying the couches off before the interest kicks in again.
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Also, I was stupid and opened an Old Navy Card back in July which was paid off the next month anyway. And I am going back to school without the assistance of my employer as I had originally intended so my student loans have added another ding to my report. There’s my 3 new accounts-the last one is a different loan through the same company I already had loans from the first round of college. My question is how long will it take before these new accounts no longer count as new and I am safe to look into getting a new (to me) vehicle without further hurting my credit? My car is on its last legs and I really don’t feel safe with driving it through another winter but after looking at my credit, I worry that I have no other choice unless I want to hurt my credit some more.
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I think my Grandfather will loan me a small chunk of the amount I would owe on a car ($5000 maybe) and if I do it before my car craps out I may have $1000-1500 in a trade in. Since I intend on driving the next vehicle for as long as I reasonably can (10-15 years depending on the year of the vehicle and I don’t want to go earlier than 2007 and would really prefer 2008 or above) I want to get a Jeep Compass as they get about the same gas mileage as my current car does but also has room for my dogs and me-whenever I get ready to move out of my parents’ house. I figure if I want to make it last anyway I need to get what I want when I go to do it.