04-30-2012 08:17 AM - last edited on 04-30-2012 09:37 AM by Lel
I just wanted to let everyone who is struggling with credit rebuilding issues, past mistakes, etc. to know to stay the course because when you do the right things, the rewards are fantastic.
After three 1/2 years of credit rebuilding, I was just pre-approved for an FHA loan and will be building a new home, scheduled to close in late August/early Sept.
I can honestly say that my faith was put to the test throughout this process - we wanted a home so badly, to provide long-term security for our daugher, that it was almost becoming an "idol", distracting me from all the other many blessings God has given me in my life.
I also owe thanks to many in this forum who have encouraged me over the last 2 months. Your words of wisdom and sage advice were invaluable in helping me keep going!
For those looking for comparisons of the myFICO scores to lender pulls. Here are mine:
myFICO: EQ 658 TU 694 EX ????
Lender Pull 4/30/12: EQ 658 (same) TU 710 (+16) EX 710
WhooHoo! Happy Dance!!!!!! Pre-Approved!!!!!!
04-30-2012 08:23 AM - last edited on 04-30-2012 09:56 AM by Lel
congratulations!!!!!! i know exactly how you feel
04-30-2012 08:42 AM - last edited on 04-30-2012 09:56 AM by Lel
Thanks Sewmuchdebt and congrats to you, too! I feel like I should add to this thread that my starting score was around 529. I say "around' because it was a FAKO -but still, you see how far we've come. Keep the faith!
04-30-2012 08:56 AM - last edited on 04-30-2012 09:57 AM by Lel
YES!!! HE is. I am glad your life is turning out for the best. This is a second chance at getting it right. Trust me, I too been down on my knees. Now, my credit is good...going through an FHA myself. Let just say, I am more humble than before. I am just glad, to not be the same person that I was 2 years ago.
04-30-2012 09:04 AM - last edited on 04-30-2012 09:57 AM by Lel
You're exactly right, birjest. This is a second chance and thank God for them, because at one point or another in our lives, we ALL need them. Congratulations on your progress and many blessings to you in your new home!
04-30-2012 09:06 AM - last edited on 04-30-2012 09:57 AM by Lel
04-30-2012 09:11 AM - last edited on 04-30-2012 09:58 AM by Lel
when i joined my fico 3yrs ago. I felt like i WAS the last rung on the totem pole. there were so many people here willing to give their advice and insight for free to help someone like me get back on the right credit track. you have ups and downs and curves along the way, but if you just stay the course, your finish line will eventually come and whatever is waiting for you at the finish line: a new house, new car, new job, new credit card, being debt-free, more time with the family, is totally worth it! congrats to everyone who is on their way to their finish line!!
04-30-2012 09:17 AM - last edited on 04-30-2012 09:58 AM by Lel
ha,ha @ delayed.
0% interest for life of loan
04-30-2012 09:56 AM
This is just a friendly reminder of the 5 things we don't talk about on the FICO Forums, one of which is religion. In our (the moderators') experience, we have discovered that these topics, unfortunately, become lightning rods for non-credit-related discussion, stir up strong emotions, and invite sarcastic comments. More often than not, these result in hostile exchanges and the deletion of entire threads.
We're fine with spontaneous expression of faith (e.g. "Thank God!"), but when a thread's title is religious testimony and when the discussion becomes less about credit and more about religion, then we have to rein it in. There are already warning signs that this discussion is going to stray from the relevant mortgage topic.
Thank you for your understanding.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO