8. Occupancy. Primary residence,
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.
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.
So DH has two current cc accounts reporting as AU, is that not enough? Would we have a better shot if we paid the CO and the collection off in full?
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.