01-30-2013 07:51 PM
Well, back in July I officially began creeping on this forum, and joined here in Sept with dismal credit scores (400s). Now, a mere 6 months later, we are living in our new house. We closed Monday morning. We ended up getting 3.75% interest, 240K loan, and our midscore was 630. I want to thank everyone here for their help in this process, and I want all the newcomers and those who are hoping to buy a home to know that it can be done. It takes a lot of work, and patience, but you can do it. Never give up! Thanks all!
01-30-2013 07:57 PM
01-31-2013 04:56 PM
I called the creditors relentlessly, and got GW deletions on a couple old lates.
I wrote a lot of GW letters, and got some deletions. Not a single PFD worked for me.
I filed disputes on all inaccuracies, even ones with stupid things like wrong dates, etc. I filed and refiled several times.
I also used the CFPB for a couple duplicate accounts that the disputes didn't resolve.
I paid our credit card usage down from 100% to 30%. And I made sure everything was paid on time.
I used Credit Karma, MyFico, Credit Sesame, and Walmart FICO to track everything pretty much daily. I learned when accounts were updated, etc. and watched it all like a hawk.
The major jumps happened early on, and the rest was slow and steady. Good luck!
01-31-2013 07:54 PM
CONGRATS!!! I have a couple of questions. I see your scores were low e when you first started. What other debt do you have like student loans or auto loans? Your story is so inspiring . We feel like we may have to wait a year or later but it sems as if we start working right away we can make moves much sooner. I am worried most about our debt to income with student loans end auto loans. We have a couple of lates on bill me later and cc, one charge off and a small tax lien. we also have high cc utilization but that can be paid down much quicker than student loans and auto loans. Thanks in advance and again CONGRATS!!
02-01-2013 07:26 AM
you earned it!!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.