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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.