Don't worry about Verizon right now because if it was included in bankruptcy then it's about to fall off your credit report. Anything that was discharged thru the BK should be aging off by October.
The CA can't negotiate a PFD on behalf of Chase. 2 different companies.
Work on getting the tax liens removed... definitely wait to see what happens next month.
Find a good broker in your area that deals with many lenders. They'll have a little more flexibility. Show them your report after everything is removed that can possibly be removed and ask them what score you need to get thru automated underwriting. Don't do this until the CO is showing paid and the other baddies have been fixed to the best of your ability.
The CA can't negotiate a PFD on behalf of Chase. 2 different companies.
Work on getting the tax liens removed... definitely wait to see what happens next month.
Find a good broker in your area that deals with many lenders. They'll have a little more flexibility. Show them your report after everything is removed that can possibly be removed and ask them what score you need to get thru automated underwriting. Don't do this until the CO is showing paid and the other baddies have been fixed to the best of your ability.
Sorry, I don't know what I was thinking with the BK stuff falling off. Have you pulled your reports from annualcreditreport.com to check the DOFD? Depending on when you started to let things default will determine when they fall off. It's not necessarily from when you filed BK since most people have already begun to default prior to filing.
If the CA is reporting to the CRA then you can attempt a PFD for the collection only but not Chase. If they haven't reported yet then attempt a "pay to not report" which basically is an agreement that they will not report the collection if you pay them. If Chase is still reporting a balance then it will look better for manual underwriting if Chase does not report it as settled for less. If Chase is reporting a $0 balance then you can settle for less if the CA agrees not to report...sorry I can't go back and look at your original post.
I would let the broker go ahead and pull your credit once everything is where you want it to be, that way he can see your scores and the report. I would look into FHA. The higher over 660 you can get on your middle mortgage score, the better. Also, having reserves will help too. Automated underwriting will look at the big picture.
If the CA is reporting to the CRA then you can attempt a PFD for the collection only but not Chase. If they haven't reported yet then attempt a "pay to not report" which basically is an agreement that they will not report the collection if you pay them. If Chase is still reporting a balance then it will look better for manual underwriting if Chase does not report it as settled for less. If Chase is reporting a $0 balance then you can settle for less if the CA agrees not to report...sorry I can't go back and look at your original post.
I would let the broker go ahead and pull your credit once everything is where you want it to be, that way he can see your scores and the report. I would look into FHA. The higher over 660 you can get on your middle mortgage score, the better. Also, having reserves will help too. Automated underwriting will look at the big picture.
Was the truck loan initiated prior to the filing of BK?
@Chadius wrote:
No. I got the truck loan auto 2013. My wife got the loan, with me being Co signer.
Ah ok, thx.
Wait until you have the money to pay it but if it's within the SOL, be prepared to make an agreement if they attempt to sue.
For mortgage purposes, you need to show that whatever caused you to become delinquent has been rectified. If you were living beyond your means etc and not prepared for emergency situations, show how you've fixed this. Have reserves and money going into savings every month to show that not only do you have money for emergencies, but you have extra income in case something like this were to ever happen again. Explain how you've learned from the experience etc.
For mortgage purposes, you need to show that whatever caused you to become delinquent has been rectified. If you were living beyond your means etc and not prepared for emergency situations, show how you've fixed this. Have reserves and money going into savings every month to show that not only do you have money for emergencies, but you have extra income in case something like this were to ever happen again. Explain how you've learned from the experience etc.