Hey guys!! Ive been a forum lurker for about three years now but I've finally decided to take a STAND AGAINST BAD CREDIT. Im striving for a 640 score so that I can purchase a home by the end of this year. Here is what my report looks like( just had it pulled on 2/22/12).
Current Scores:
EQ: 483
EX:517
TU:562
Student loans: $24,785- just deffered
Auto: $11, 727- Last late payment reported 10/2011
First Premiere $700 limit; authorized user opened 8/11 never late Balance $210.00
Emblem Card $350 limit opened 3/11. never late. Balance $94.00
Orchard Bank $300 limit opened 10/11 never late Balance $42
Sunset Finance $300 personal loan opened 10/11, never late and paid in full 2/12
Negative accounts:
Late payment on car loan 10/30
Applied Bank 1150 charge off- Just settled for $520 and paid yesterday
Jefferson Corp which is a old Visa card is reporting on Equifax. I asked for a PFD and was approved and acct was removed from EX and TU but nevert EQ- I disputed and EQ said that it will be removed ( have it in writing)
Medical $582
Medical $58
Medical $313
Hoping the PFD for EQ will raise my score since this is the lowest what should I do now besides wait to attempt to raise my score enough for a mortgage? Oh and BTW our MIL let us stay with her rent/bill free so we can save enough money for a downpayment and pay off debts...God is good 
Love her
@nvrgiveup08 wrote:Hey guys!! Ive been a forum lurker for about three years now but I've finally decided to take a STAND AGAINST BAD CREDIT. Im striving for a 640 score so that I can purchase a home by the end of this year. Here is what my report looks like( just had it pulled on 2/22/12).
Current Scores:
EQ: 483
EX:517
TU:562
Student loans: $24,785- just deffered
Auto: $11, 727- Last late payment reported 10/2011
First Premiere $700 limit; authorized user opened 8/11 never late Balance $210.00
Emblem Card $350 limit opened 3/11. never late. Balance $94.00
Orchard Bank $300 limit opened 10/11 never late Balance $42
Sunset Finance $300 personal loan opened 10/11, never late and paid in full 2/12
Negative accounts:
Late payment on car loan 10/30
Applied Bank 1150 charge off- Just settled for $520 and paid yesterday
Jefferson Corp which is a old Visa card is reporting on Equifax. I asked for a PFD and was approved and acct was removed from EX and TU but nevert EQ- I disputed and EQ said that it will be removed ( have it in writing)
Medical $582
Medical $58
Medical $313
Hoping the PFD for EQ will raise my score since this is the lowest what should I do now besides wait to attempt to raise my score enough for a mortgage? Oh and BTW our MIL let us stay with her rent/bill free so we can save enough money for a downpayment and pay off debts...God is good
I'm not sure on how long score changes will take but this is my suggestion on what you have going on..
If you paid down some of the util and it's not factored in your score, that will help some. I would get the Emblem and Orchard down to $0 balance since the card you are an AU on has a pretty good balance on it compared to CL.
When you paid Applied Bank, did you negotiate a delete with them? If not, I'd let everything clear and then GW them.
Have you started doing anything on the 3 medicals yet? Might wan't to go ahead and start doing HIPAA on those.
Congrats on the successful PFD!
Starting Score: EQ = 550; TU = 491(2/10/12)
@nvrgiveup08 wrote:Ok so no one has resonded...maybe because I never really asked the question. I am trying to qualify for a mortgage by August of this year, looking at my credit scenario how much longer do you think that it will take to raise score to 620-650 range??
I would focus on resolving the collections by way of DV / PFD. Where did you get your scores from?
