@Anonymous wrote:Hey everyone! I have been reading posts here for a few days. Here is my deal: i went through a horrible divorce in 2103 which left me with a few collection accounts that were my ex husbands but because i was a cosigner, i got stuck with the charges. Most of the collections have been cleared along with any negative stuff. Anyways, fast forward to now and my credit score as it stands is:
Fico 8/ Mortgage
Eqfx: 613/582
exp: 626/632
TU: 624/ 593
Neg items: i have two medical collections from 2013 one for $2700 and one for $1,030 both for my ex-husband but he was on my insurance at the time so i got stuck with the bill. I have just been sick about having to pay for these, and not sure if i can avoid paying for them? advise?
Your divorce decree should have covered this. If not, you can try to sue in small claims court, and garnish. Or, go up to the administrative heads of hospital (elective procedures will be harder here), and keep pushing until they realize it's not your bill. Google is your friend here, it took me three months + to get things I did not owe cleared up, and continued persistence with hospital, care providers, billing, and collection agencies. Unfortunately, you do have a nicer income, making it a tad harder to back date charity care. If you have tax documents from 2013, 2014 showing less income, research charity care in your state. Also, go to the rebuilding forum here for more advice. Unfortunately, many start here with the mortgage, before there with the problems. And any collection is a problem
one late 30 days payment on my car loan in sept 2015. I have a legitimate reason for it though. I had to leave the country to tend to my Ill grandmother whom lives in a country where if you dont have money they will let you die. So i spent 3 weeks there and used all my money to take care of her medical care.
Regardless of explanation, this is not your only baddy. Try good willing the late. Do not mention looking to buy home. Usually, they want twelve to 24 months before will remove from report. If the car loan will not remove, then do not apply now. Wait until 12 months or more. Gives you time to clean up the medical.
Have to open credit card accounts with credit litmit of $500 and $600 less than 10% utilization.
My income is 39K per year
I have deferred Student loans until 2018 totaling right now 44K.
You will need to bring those out of deferment, and make small payments. You need to do this for about four or five months (or more?), for it to count. I presume you are gong IBR.
My quesiton is how do i get my mortgage scores to come up? and how do i get around the new FHA rules about deferred student loans. If they count 1% of the deferred loans that puts me way over the DTI ratio. My car payment is 375 per month and i have two years left on it. and my minimum payment on both cards is $25 each.
Do i quaiify for a mortgage as i stand right now in SC?
I would not do it. The only folks would give you incredibly high interest. And probably neither FHA nor USDA (FHA because of PIM, and USDA because of credit). Good luck.
Thank you!
