Ok Im going to make this as short and sweet as I can. Hubby and I are looking to buy a house. I called the lady at the bank after they pulled our reports. She didn't say what my scores were but said they were ok. Bad news was my husbands were between 555 and 589. Mine can't be too far from there. We filed for bk 3 years ago this past AUG 17th and it will be discharged for 3 years as of NOV 25th. Since then He was able to finance a truck and between us we have about 16 credit cards. They were pretty maxed out. That's what she said would be stopping us from getting the home. We came straight home and paid them all down to 30%. How long will it take to see a change from that. All together we paid about 4000 out to get them down to 30%. Thanks for your help!!!!!
BK7 7/2009 EQ512 7/2015 CK 402??? Walmart TU 653 Goal: 675 Across the board!!!! Cap1 850/ Cap1 Biz 850/ Sony 600/ Journey 850/ Merrick 1100/ RRFCU 500/ Credit1 1100/ Cap1 was Orchard 750/ FP 300/ Firestone 2000/ Walmart 600/ Barclay NFL 500/ Maurices 1660/ Kays 4300/ Amazon 300/ Paypal Smart Connect 500/ Bealls 1000/ Summit Raching 1500/ Lane Bryant 900/ Target 800/ Catherines 1100/ Old Navy 200/ Overstock 3200
Re: How long do we have to wait to see a change????
your accounts should report the new balances as the statement cuts. Will take the CRA's a couple of days to update there info also you should see a score increase due to you utilization being lower.
Starting Score: TU 583, EX 683, EQ 653 Current Score: 10/12/14 TU 743 9/24/2014 EQ FICO 751,12/17/2014 EXPERIAN 772 Goal Score: 750 WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $3600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $24,500, CHASE FREEDOM 10,500 KAWASAKI GOOD TIMES CARD $31,500