Rebuilding Your Credit

[skicker]

Hello all,

I have been working on my credit since August. Getting it from about a 600 to now (last time was pulled by lender) to a 638. I have gotten incorrect information off my credit reports for the most part. I have a few im still fighting with. But now that my tax return will be available within the next month or so I will finally have the funds to pay off (or down) my CC with a balance of 800 (CL is 2,000) and my installment loan, which I owe 600 on. I will be attempting to get a Construction loan from out local bank and they said so long as my credit score is within 640 and 670 I will get a 4% intrest rate, which isnt amazing right now. But its definately do-able. I also have a very old (2007) Medical bill I am debating whether to pay off or not. Is this a good plan that should get me into a favorable range to get an OK percentage rate? Or had anyone themselves gone through a construction loan process? Any help would be greatly appreciated! Thanks

[Shogun]

Pay down your util, and if possible PFD the medical bill.  You should be good to go.

[skicker]

Thank you! Just making sure I wasn't crazy for thinking this!

[Shogun]

Never said you weren't crazy, just that you're headed in the right direction.  LOL

[skicker]

Hahaha, for the record though dealing with this kind of stuff made me this way!