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01-10-2013 03:27 PM
I have read your blog posts for the past few months and have loved them. I am hoping to buy a house in about 6 months and I would like some help. I paid off about 26k in cc debt in a short time and got a secured card to help build credit. I still have a tremendous amount of student loan debt but my DTI isn't too bad. I don't know hat else I can do to help my credit. My current TU score is 655 and I would prefer to get the best rate. The vast majority of my negatives are past late payments. Am I being unrealistic?
Credit sesame - 692
01-10-2013 03:50 PM
Welcome to the forums!
I'd suggest reading the following:
Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.
What Steps Do I Take - great for learning the repair process.
and Example letters - PFDs, GWs, DVs, etc.
Congrats on paying off $26k in CC debt! Since you opened a secured CC, am I right to assume that the CC debt was on closed accounts or charged-off accounts? In any case, send GW letters on any paid account that shows a late or is a derog. Keep the age of the account in mind on any closed account. Avoid messing with the oldest. Make sure you have a FICO.
01-10-2013 03:56 PM
Thanks to this blog, I was able to send 4 letters. One from citi is requesting more info, two said the debt was accurate ( nelnet and boa) waiting on one more. Will follow up with citi. TU is a FICO score
01-10-2013 04:24 PM
Good work, let's hope those GWs get some results!
01-10-2013 04:27 PM
Definitely looks like it to me.