a few newbie questions

Anonymous · ‎07-29-2015

Can I get the type of scores mortgage lenders use from the Credit Check Total site? Or is myfico the only place? Sorry I know that's been asked before but I can't find it in my searches.

I have a car repo from a couple of years ago on my report and it will not fall off until 2019. There's no way I can or will pay it. It's for $8,000. If I have everything else pretty much dialed in on my reports, how likely is it for me to get approved? Is that alone going to keep me from gettting a mortgage?

Thanks!

StartingOver10 · ‎07-29-2015

@Anonymous wrote:
Can I get the type of scores mortgage lenders use from the Credit Check Total site? Or is myfico the only place? Sorry I know that's been asked before but I can't find it in my searches.

I have a car repo from a couple of years ago on my report and it will not fall off until 2019. There's no way I can or will pay it. It's for $8,000. If I have everything else pretty much dialed in on my reports, how likely is it for me to get approved? Is that alone going to keep me from gettting a mortgage?

Thanks!

MyFICO is the only place to get your mortgage scores other than going to a mortgage lender and you don't want to do that because it will be a HP with a lender. At least here the pull is a SP.

Is the repo a judgment or just a collection? Check your public records for a judgment as not all judgments report on your CR.

Anonymous · ‎07-29-2015

It's a charge off actually. No judgement, thank goodness.

Anonymous · ‎07-29-2015

@Anonymous wrote:
It's a charge off actually. No judgement, thank goodness.

If it's a charge-off, the biggest impact will be strictly on your credit score. If your score is still high enough, you have options.