I had a lender pull my transunion report (04 version): Here's my situation I had a bankruptcy in 2007, since then I fell into financial hardship when my mom got sick had to retire early and had to help with the household just when I started to try and rebuild my credit so I have all paid chargeoffs from first premier, plains commerce bank, ally auto, verizon wireless, credit one. I also have 2 collections (1) medical and another from Portfolio. The last negative was from 2011. I have tried many rounds of goodwill with a little success but none with these companies. I then decided to go to school instead of working deadend jobs and graduated and started working end of 2010 but the auto charge off was already done and reported in 1/11 and an old 138 medicall bill from 2010 reported 11/11. The rest of the charge offs go from 2007-2009. I have started rebuilding this summer 6/12 and I have 7 revolving cards, 1 auto installment, a paid secured loan, and many student loan installment that are deferred. The loan officer told me I would have to write letters of explanation and he can't really say how it would pan out because of the negatives after bankruptcy so I am now very wary that I will not be able to get a loan until everything falls off around 2018. My last lender experian pull in 6/12 was 671 and current myfico equifax 644 and lender pull tu 04 as of 12/3 is 677. He said my income is fine and not the problem at all. Does anyone think its possible or has anyone had a similar situation and was able to obtain a mortgage anyways. Any advice is appreciated!
I filed for BK, didnt pay it and it was dismissed. Then I managed to mess up what little credit I could get after the BK.
Just recently I have gotten things in order. Scores are in the upper 600 range and I made it through underwriting.
It is probably just an underwriter call, they may make you write letters explaining that happened.