483 to 620 in 9 months?

[p-]

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@hmandaddyo wrote:

Looking for some advise on trying to pull off a miracle.  I've made some dumb mistakes when I was younger that have really F'd my score.  I pulled my FICO on December 8 and it was a 483.  Currently i'm at a 510 and here is the run down...

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In June of 2008 my middle score was 542.  In March 2009 with a middle score of 626, I bought my first house.  It can be done.  You just need time and money.  And persistence.

If you have enough of that, anything is possible.  Money to negotiate PFD's, and time for all of the goodwill letters and emails you'll need to write.  Evey late payment, every baddie needs to be worked to the bitter end until cleared.  Start with the most recent and unpaid.

Also, check into membership at a local credit union.  Some of them allow you to put money into a CD for a secured credit card, but actually report it as a regular account.  Even if you have AU accounts, it will help to show you are responsible with your own account.  And stay away from the subprime, high annual fee and maintenance fee cards.  They are a rip-off.

Good luck!

[annielorie]

Ask mom to put you on as joint account holder and you will reap all rewards. Amex is the way to go, try to get it backdated

[jandj80]

You can do it. You will have to put in a ton of time, sending letters, making calls, and repeating them over and over. But, I can tell you from experience that its doable. I have moved from EX468 EQ416 and TU498 (all lender pulled in July) to these: EX 11/19/12 lender pull 613 (gain of 145) TU today is 644 (gain of 146) and EQ 1/5/13 is 547 (gain of 131). I spent hours reading and researching and I did everything that was recommended here. We close on our house on the 28th. 240K loan, FHA, 3.5% down at 4% interest (midscore needed to be 580). Our original goal was to close by April 30, so we are coming in three months ahead of time, and I owe it all to these boards. File came back from underwriting yesterday, and we are fully approved, appraisal was great, and now we are just waiting to close. Very exciting, and I am proof that it can be done. Don't give up. 

[hmandaddyo]

Thank you for the encouragement.  I'm devoted and the boards are a great help.  Hoping my tax return gives me the capital to execute PFD's and reach the goal.

[p-]

[hmandaddyo]

Big thanks to everyone! Mother applied with me as a joint account holder and was approved.  No word on limit yet so not sure how it will effect my ratio.

[annielorie]

Dear OP dont mean to throw you under the bus but you might want to check your siggy!  

[rckstrscott]

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@annielorie wrote:

Dear OP dont mean to throw you under the bus but you might want to check your siggy!  

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hehe.. I noticed that too!

-scott

[annielorie]

Scott:  Its kinda like when you visualize losing weight or something in his mind he already is at 800 LOL sorry OP just funnin

[hmandaddyo]

Spoke with someone today at Comenity Bank about the lates on my Trek account.  She agreed to remove them and asked that I send a GW for her records.

And siggie should be fixed.