05-07-2012 11:50 AM
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.
05-07-2012 11:54 AM
I would IMMEDIATELY make a PFD request (get any agreement in writing if you can). If you can get it deleted for the small $42 payment, then problem solved. Good Luck!!
05-07-2012 04:25 PM
I was just in a situation like this one. I had to call the company and practically beg for forgiveness on the late payment. They sent me a letter and deleted the late payment off the account. This was with capital one. I'm with USDA and set to closed tomorrow and this happen 3 weeks ago. My lender did a rapid score repull and we where back to where we needed to be. If you don't mind me asking what credit restoration company are you with?
05-07-2012 07:40 PM
05-08-2012 07:13 AM
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.
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