other-factors » Mortgage and Insurance

I have an old MBNA chargeoff, DOFD October 2004. MBNA is now Bank of America.

I disputed with CRA (Experian) because the amount being shown is different than my records show. An amount that was the subject of an identity theft dispute has somehow been added back in. I disputed on the basis that the account was charged off and paid, and therefore should not report past the 5-year mark in NY. Equifax and TU both deleted, but Experian validated with B of A. There is no CA reporting and, like I said, this account is due to age off this fall.

This is my last baddie. It’s the only one keeping me from applying for a mortgage right now. My choices are (I think, correct me if I’m wrong):

1. Send an OC letter, since the OC has verified after my dispute via the CRAs, in hopes that they can’t verify (due to the age of the account and the merger of MBNA and B of A…maybe they can’t do it in 30 days’ time).

2. Do nothing, and apply for a preapproval even with a CO on one credit report.

3. Wait until fall, when the house I want will be gone, and who knows what other factors affecting may change.

What’s the rush in owning? I live in NY, and I’m trying to move into a district with a better public school. Right now, I’m sucking it up and paying private school tuition, but I’m a renter.

Advice?

eq uses dola in place of dofd

Hi there. Occasional lurker, first time poster. I have a question about how 529 plans for my kids are factored into student loan eligibility if I want go back to school.

My husband and I have been putting money into 529 plans for our two kids. The money “belongs” to the parents, and the kids are identified as the beneficiaries of the plans. One of the plans is owned by me, with my daughter as the beneficiary.

now I’m thinking about going back to school. I’d like to preserve the money my daughter’s 529, but since the money is technically mine, since I’m the account owner, am I going to be expected to use this money before I can qualify for student loans? I’m thinking about the federal loans (either subsidized or unsubsidized), because I’m assuming that a private student loan lender won’t be as concerned. I know there’s other factors that might disqualify me from federal loans, like income and assets, but I’m most interested in specifically how 529 plans for kids would be viewed. Thanks.

January 29, 2011
Posted by jedwan at 6:17 pm
No Responses
Student Loans
account, beneficiaries, daughter, factors, Federal, most-interested, other-factors, plans, private-student, putting-money, since-the-money, subsidized

I currently have about 75 percent utilization on my credit cards, I have 4300 left on my car loan.Â I was thinking to pay off my car this week or put that 4k towards cc debt (have about 6k in cc debt, with about 8k max limit on my 3 cc’s).Â Â If I do pay off the car I am also going to put about a thousand towards cc’s as well this week.Â I know it depends on other factors in your credit report but would paying off the car give me a nice boost in score?Â My scores range from 620 to 660 on the 3 reports.

thanks

January 25, 2010
Posted by jedwan at 7:53 am
No Responses
Rebuilding Credit
car-loan, credit, credit-cards, credit-report, factors, know-it-depends, max limit, nice-boost, other-factors, score, scores-range, week, week-or-put, your-credit

Mortgage and Insurance

Let Sleeping (B of A) Dogs Lie?

529 plans and student loans for parent

pay off car loan or pay off cc’s first

Categories

Archives

Links

Meta