Question about foreclosing

Mar 112011
 

 I lost a home about 8-10 months ago. It was a construction loan no money down and just paid the interest on the property. I ended up loosing the property cause I could not refinance when I finished all the work. My question is wouldn’t this show up in my credit report? (cause nothing is there)

 

 The reason I’m asking is I just got married and we are trying to buy a home I talked to a lender and they shot me down right off the bat so I checked my credit it wasn’t the best but there was no foreclosure listed plus my wife has amazing credit she doesn’t make a hole lot a year but I do…..Are we hopeless?

Credit Score Could Go Up In Flames! Help!

Mar 082011
 

Okay!  For the past three years I have been working on getting my credit score from the low 500′s to the low 700′s.  Today, I went to my mail box and got a letter from “afni” stating they are attempting to collect a debt for AT&T.

 

I have not had an account with AT&T for over 8 years.  So, I am not sure where this is coming from.  The letter tells me to do the following if I dispute this debt: 

“To notify them within 30 days after receiving this notice that I dispute the validity of the debt or any portion thereof.  It goes on to say if I notify their office in writing within 30 days that I dispute the debt they will obtain verification of the debt or obtain a copy of a judgment and mail me a copy of such judgment or verification., they will also provide me with the name and address of the original creditor.

 

I do not want the work of the last three years to send my credit score up in flames.

 

Stop the flames 

Duplicate Student Loan question

Feb 182011
 

I have been working very hard on getting my credit straightened out. The first thing I did was to start paying on defaulted student loans. They have been out of default and are in good standing for about 6 months now. My problem is, even though they show up on my credit reports as good, the old negative stuff is still there too making it look like I have some good and some bad loans. I have 4 for the Department of Ed and 2 Sallie Mae, so there are 6 good and 6 bad showing on my CR. Is there any trick to getting these bad ones deleted? I have had a credit repair law firm cleaning up my CR with absolute great success except for these items. I am getting ready to dump this law firm now that my file seems to be more manageable, and do it myself. I have enjoyed the convenience of having someone else do my work for me but it is time I take over and I want to be able to get these duplicate loans that show balances and lates off of my CR. How should I proceed?

Please Help! I have No time left, and need help with scores ASAP!

Feb 072011
 

I was not intending on buying a home, but was trying to get my husband’s and my credit scores up, anyway. Then out of nowhere I fell in love with a house, was expecting it at all, but I must have it I cant think of anything else. I am so stressed out, and have been brought to tears, because I may lose my dream home. Luckily I have already gotten us on the right path to a healthier credit history, but we are still a long ways away. I have found a lender and a realtor, they are good so far, have not met either of them in person yet. My lender says its better to work on my husbands scores, although mines are higher, because his are simpler and faster to fix. My husbands FICO scores are EQ-508, TU-531, EX-646. His report is barely one page long.

 

on it is:

1) new auto loan opened 07-2010 no lates so far

2) $500 secured credit card opened 06-2010 – one 30 day late payment- was maxed out, just paid $250 on it 2 days ago.

3)LVNV collection acct for HSBC Orchard- settled and paid 1 week ago, not yet reported to bureaus

4)LJ Ross $503 – I am paying them monthly, but they are not reporting the payments.

5)2 disputes on file

6) 2 accounts  that are closed paid never late

 

that is all thats on his report

 

our lender gave us a list of three things to take care of on his report

 

1) pay CC to $100 balance (but I am going to pay down to $50)

2) remove all disputes- buying a homepath home, cannot have any disputes on file

3)pay off 2 collection accounts

 

 

what we have done so far-

A) Paid off LVNV – we got a huge settlement offer, it was wonderful!

B) paid CC down to $250

C) contacted EQ and TU about removing disputes

 

Problems we have ensued:

Cannot get ahold of experian, claims offices are closed because of storms for a whole week

LJ Ross will not let us settle my husbands account, unless I settle mines with his for only at 80%, which I think is totally ridicoulous, what if we were separated. he should only be responsible for whats on his reports.

 

Questions I have:

should I even pay-off LJ Ross? I learned from reading post on here, that when you pay-off old accounts it drops your score. should I just continue monthly payments?

Should we open another card in his name?

What can we do right away to raise scores?

 

I know I am asking the impossible, and most of this will take time, but i dont have much, I need to be able to put offer on home before it is gone.

I spoke to the bank that owns the home, and they do not require a pre-approval letter to accept offers on home, but my realtor wont put offer on home without one, or at least a pre-qual letter. My lender wont do pre-qual letters, only does pre-approval letters. My head is spinning. I only want a pre-qual letter to put offer on home. So that I can ask for 60 day finance clause. This will take home of market and give me time to wait while my husband’s credit scores reflect the work I have done. my realtor says this is not legal, I heard that it is. Now i dont know what is true, I just want this home.

 

Please tell me what I should do.

Thank you in advance for any advice you give.

 

 

[Edited to remove some duplicated text.]

Student Loans and Home Pre-Approval Process

Jan 222011
 

I posted for the first time in the FICO forums a few weeks ago for my brother and was surprised with the assistance and depth of knowledge from the users that post. So first of all THANK YOU!:smileyhappy:

 

I feel confident in recieving sound advice on my own minor fiscal issue:

 

After close to three years or repairing my credit, my credit is now up to where I can apply for an FHA loan to purchase a home. I am very excited, there are tons of programs to assist first time homebuyers in Chicago.

 

I am currently in the process of mortgage shopping to determine where I can get the best rate and to obatin a pre-approval to buy a home. One lender quoted that I would be available to be approved for $150,000. Now, I have 4 credit cards (revolving credit) which are all but paid (maintaining the lowest balance on all cards so they aren’t paid in full, but also aren’t showing as an overextension of credit). I do not own a car, or rent (live at home with mom). I do however, have 75,000 in Student Loans (all of which are currently in deferment, and will be until 2013.) 

Should lenders take my student loans into consideration when considering my home buying readiness, even though they are in deferment? I can understand the thought behind why they might do that, considering the previous housing bubble, but it is also a big letdown to someone like me that did the work to clean up my credit to get to this point and then receive this less than favorable news.

 

All thoughts and advice are appreciated. Thank you!

Diesel fuel cost

Jan 142011
 

      I bought a diesel truck knowing I would get better fuel milage and the engine would last longer. I pull a fifth wheel when camping with the family and on vacations also a large utility trailer for pulling heavy loads like firewood etc. At the time diesel fuel didn’t cost as much as regular gasoline.

                NOW DIESEL FUEL COST’S MORE THAN REGULAR GASOLINE     SOME PLACES 30 CENTS MORE

      Here is the clincher, as a lot of people know      IT  COST’S LESS TO REFINE DIESEL FUEL THAN IT DOES REGULAR GASOLINE.     so why are the owners of small trucks being charged more? I can understand charging the tractor and trailer rigs more. They haul goods across america and can pass the extra cost on to the consumer but the small truck owner doesn’t have this advantage. We are really getting ripped off by the people that push for higher stock prices and our own government through higher taxes that it brings in to buy  foreign countries loyalities. And by the oil companies that use any excuse to raise the cost of fuel.  I WOULD LIKE TO SEE A ONE DAY A WEEK WHERE DIESEL TRUCK OWNERS ACROSS AMERICA  DIDN’T DRIVE. AND IF THERE COULD BE TWO DAYS THAT WOULD BE EVEN BETTER.   I  WONDER WHAT KIND OF RESULTS THIS WOULD BRING.  I CAN UNDERSTAND IF SOME OWNERS CAN’T BECAUSE THEY USE THEM FOR WORK.

hsbc bestbuy dispute, also advice on rebuilding my credit

Dec 252010
 

Well, I’m new here but have been lurking for awhile. I’ve been doing a lot of reading and learned a lot from some of you guys so far. So heres my story,

 

I’m 23, have a stable job salaried at 45k a year. I live alone, a full time student, school is paid by finical aid and also by my work. I have no bills except a car payment and  its currently 253/month with a total left of $6,500. I just purchased SW and my score turned up to be 598.

 

I have 2 late payments on my auto  loan because of hard times a few years ago.

 

I also have a 60 day late payment on a HSBC bestbuy card that I NEVER charged anything too. I’d like to dispute this but I wouldn’t know where to start.

 

My credit only goes back 3.5 years so thats also not helping.

 

I’m finishing my last year in school and I’m really considering buying a house, but my score sucks. My grandparents put away some money for me to go to school, but since I never used that money for school  I thought I could put it towards a down paymen on a house. I’ve also been saving for the past few months and saved up approx $10,000. Any advice would be appreciated!

Making Diversity Work: 7 Steps for Defeating Bias in the Workplace

Dec 162010
 

Making Diversity Work: 7 Steps for Defeating Bias in the Workplace

Drawing from research and 25 years of experience in the field, diversity expert Dr. Sondra Thiederman dissects the problems surrounding diversity in the workplace and offers specific, straightforward strategies focused on creating individual change. Using real-life examples, practical tips, and exercises, she guides readers on a journey of self-discovery, intellectual awareness, and healing. In this fully updated and revised edition, learn to:  Function more effectively and feel more comfortabl

List Price: $ 19.95

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How student loans work? When I start paying them back, I have to pay back all the time?

Dec 042010
 
student

Jonathan Ah Kit

As if I have collected $ 1,000 student now working for 2 years, I can use it to pay a portion of the loan back? Or is it when I start to repay the loan, I can not stop, and I have always paid back each month? Also, no student is less than the amount that we are able to pay each month? Since it may be that I just can not get paid if I have to pay a minimum sum of $ 800 or $ 1,000? Epilogue, this is not for me, so it’s not like I can go through a contract or something.

Are there any legitimate business opportunities out there that really work?

Dec 032010
 

I’m interested in started my own business from home. What legitimate opportunities are out there? I’m not looking to be scammed. Please only respond with information that really works.

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