After a new job, with good income; i looked into buying a home. This home is in a rural area, qualifies for USDA with 100% financing. The thing is that I have been working with a credit company since 9/2011 and my scores have improved drastically.
Here's the kicker.. There was a recent collection placed on my account for $42.00 from a cell phone company that (as i was told by the credit repair company) dropped my scores drastically.
521 | 661 | 559 | 4/5/2012 | 559 |
Starting Score: 634 EQ-FICO (4/20/12) 579 EX-FAKO (4/30/12) 629 TU-FICO (5/6/12)
Good morning!
I just received an email from the loan officer at the bank and she stated that they will not do my application until my scores are high enough to qualify. I am REALLY nervous because it seems that random stuff pops back up on my credit and makes my scores drop drastically.
Is there any advice obtaining the highest scores possible in the nect 30 days? I have 3 small credit cards ($300 balance-now all at a zero balance that will report later this month) and all my bills are being paid on time. I hope I am able to get that $42 deletion.
I really dont want to lose the home i am having built.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
