Credit Card Center Advertiser Disclosure

New Contributor
Posts: 51
Registered: ‎01-26-2012
0 Kudos

Frustrated and don't know what to do: Advice needed!

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!

Starting Score: myfico.comEQ 570 TU 614 EX (fako/ 565 5/24/12
Current Score: lender pulled EQ 672 TU 722 EX 692 as of 7/2/13
Goal Score: 700 across the board

Take the FICO Fitness Challenge
Valued Contributor
Posts: 2,302
Registered: ‎08-25-2011
0 Kudos

Re: Frustrated and don't know what to do: Advice needed!

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.

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.