I am desperately trying to improve my score for home mortgage and auto loans. Problem is that I had let things go unpaid in the past and now I am paying dearly for it. Two years ago my husband and I almost bought a home- my scores were better then then they are today (50+ points). I now have a great job- the money to afford those things finally- but can't get a good deal because of credit scores. I have bought the truecredit monitoring system (checking it daily) and now doing the same with my FICO score. I'm going insane!
I consolidated my student loans which totalled around $32,000 and that new consolidation loan hasn't surfaced on my credit report yet. I figured that this being paid and in good standing it would boost my score even if temporaily- but it only went up a few points. I have only one credit card and I keep the balance below 35% as reccommended. I am trying to get collection accounts removed but 5 still exist. I have only had a late once in the past 3 years and it happened to be a credit card- I totally forgot about it since it's all online and no paper billing. I had one collection account hit me a year ago. Otherwise, all but one collections will come off within the next 6 months. My debt to income ratio is less than 5% and I have paid all bills on time in the last three years (except that one credit card I mentioned above). I keep being told to wait and my score will improve- but I'm impatient and need a new vehicle badly. LOL My scores are EQ-585, EX-584, and TU- 615 and my FICO is 570. What the heck am I doing wrong?????
