02-13-2013 08:29 PM
8. Occupancy. Primary residence,
02-13-2013 09:25 PM
The charge offs look pretty old, 4+ years and all but if you guys apply jointly, the mortgage might get approved but the rate is subsequently not going to be very favorable.
02-14-2013 07:09 AM
02-14-2013 07:32 AM
02-14-2013 12:16 PM
Yes we both want to be on the loan. I have 3 CC's with 0 balances, and he is an authorized user on one and i just added him to my second cc with 5k limit, so maybe that will give him a boost? He doesn't have any cc of his own, but we were wanting to apply around june so i don't really want a hard pull on his report since it will lower his score even more.
So do you guys reccoment contacting the BOA Charge off with 4500 balance and trying to pay it in full, since they will not accept a settlement ( we have a 1099 form for the whole balance) ? I'm not sure if the charge off is really hurting his utilization since it says charge off 4500 and past due 850.
We tried to PFD both the collection and the CO but the charge off is BOA and Collection is Midland, and neither of them will budge. I'm just not sure what we should do to improve our chances.
02-14-2013 12:41 PM
02-16-2013 04:16 PM
02-16-2013 04:21 PM
Kudos for saving up 20k over two years with on 48k income. Id do what movingforward says, subscribe to score watch and wait and see what happens to his scores. Ideally you want a 640 mid score. Some lenders are still taking 620 but they are few and far between.
02-16-2013 04:53 PM
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.