Reply
Frequent Contributor
phumanr
Posts: 344
Registered: ‎05-29-2007
0

Re: We closed WITH Charge offs! It can be done!

Hi There,


Congratulations! I am very happy for you.

 

I am in a similar situation..long story short, I settled about $80K in bad debt, including two paid repossessions. I have a dismissed BK which is 1 year old on Saturday. I have spent countless hours reading and working on my credit for the past six months. I have, 706, 641, and 594. With the 641, I am scheduled to close a new construction build by 12/28 with Academy Mortgage. My loan officer has been terrific...I am hoping I can close before Christmas.

 

I will keep you all posted. SCMAMI, again, congratulations!

Regular Contributor
vabound
Posts: 147
Registered: ‎03-21-2012
0

Re: We closed WITH Charge offs! It can be done!

Congratulations!!! This is very inspiring......my husband and I going through this process now and just had to switch lenders because our first broker had no clue what he was doing.  Now we are working with someone who took a look at our not so great credit situation and decided to push to get the deal done.  We have a few paid charge offs and one paid judgement fron 08.  My husband does have an unpaid chargeoff for $4k (for his exwife's car that she never paid off after the divorce).  Our broker said that it may be an issue but he submitted his divorce decree and we are hoping that he doesn't have to pay it.   We are hoping things will get done and quickly because we are already under contract.

Starting Scores:TU/513 EQ/484 EXP/513 3/2012 (lender pull)
Current Scores:TU/681 EQ/637 EXP/613 11/2012 (lender pull)
Goal:700 across the board
Regular Contributor
scmami
Posts: 195
Registered: ‎01-05-2012
0

Re: We closed WITH Charge offs! It can be done!

Thanks phumanr! I have read your story! I'm so happy all is ending well for you too! I didn't enjoy my loan officer AT ALL, but overall Academy seems to have very flexible approval guidelines, which I'm grateful for!
Starting FICOs (2/2012): EQ 559 TU 558
Current FICOs (EX and TU Lender pulled 10/6/12): EQ 652 TU 635 EX 647
Matthew 7:1 KJV
Judge not, that ye be not judged.
Regular Contributor
scmami
Posts: 195
Registered: ‎01-05-2012
0

Re: We closed WITH Charge offs! It can be done!

@vabound I hope all goes well for you! The waiting is the absolute WORST.
Starting FICOs (2/2012): EQ 559 TU 558
Current FICOs (EX and TU Lender pulled 10/6/12): EQ 652 TU 635 EX 647
Matthew 7:1 KJV
Judge not, that ye be not judged.
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: We closed WITH Charge offs! It can be done!

Congrats on closing!!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Frequent Contributor
germaine47
Posts: 305
Registered: ‎07-05-2011
0

Re: We closed WITH Charge offs! It can be done!

All smiles, Congratulation and welcome to homeownership.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Frequent Contributor
jasimae
Posts: 311
Registered: ‎07-18-2011
0

Re: We closed WITH Charge offs! It can be done!

Sending congratulations your way.  That's great.  I can only imagine how you're going to feel spending your first Christmas in your new home.  I hope to be closing in January.  Thanks so much for sharing your story!

Contributor
adonis2011
Posts: 84
Registered: ‎04-03-2012
0

Re: We closed WITH Charge offs! It can be done!

Thank You for sharing! It feels good to read your post and know there's hope. Sometimes I feel we're the only ones in this situation- but it's inspiring to read the success stories. I to have lost sleep over this house process. I pray every night things work out for my family and I.
Congratulations to you! So exciting starting the new year in a new home:smileyhappy:
New Contributor
ficochat
Posts: 51
Registered: ‎03-07-2012
0

Re: We closed WITH Charge offs! It can be done!

Congratulations - enjoy your new home!

Established Contributor
Lasardo
Posts: 746
Registered: ‎04-26-2012
0

Re: We closed WITH Charge offs! It can be done!

Thanks for posting!
It's nice to hear some good news!
CS 728- 01/13 from 554-12/11
Goal: 800

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}