As part of avoiding bankruptcy, I used a program which left me debt free but with:
1) delinquency+public records
2) bad payment history
3) recent public record
Only time will fix those things. I closed all accounts as part of the deal. However, I have been debt free for about a year and score:
EQU 688 TRA 706 EXP 718
Now I sit on two credit cards with a limit of $4400 and a Christmas balance of $1200 which will be pd in full on time. Intentionally-- I got those cards. Intentionally I run them up each month and then pay in full.
Want to buy a house in 15months. Should I:
a) Stop using the cards altogether
b) Run them high for a year (paying in full each month)c) Use them lightly ($1-200 a month)?
Hey FATDUMBHAPPY - check out the mortgage forums - Shane the Mortgage Guy says you need three good trade lines with at least 2 years' good payment record. Your scores are great, so you look like you are on your way!!!