This is what United Veterans Home Loans sent me when I was denied a Mortgage. Do you all think its possible to take care of this and raise my score enough to get a loan? The score they pulled was a 587. The cingular PR is a charge off. I tried to call them and the number is in the Dominican Republic, even though I opened the account in Puerto Rico, which is a territory of the United States. Thanks in advance for any advice. I HOLLAWAY I9 Dec-11 09/1/2009 11/1/2008 1116 2 1116 1116 I Credit Mangament I9 Jun-09 Mar-09 773 1 773 773 I ALA GAS CO O9 Dec-11 Mar-10 313 UNK 313 313 I Credit Mangament O9 Mar-11 Oct-10 299 UNK 299 I Cingular PR O9 Jan-12 6/1/2005 07/2007 226 3 226 226 I MAX CU I1 Oct-11 03/2008 10/2011 13999 44 0 0 5 5 1 I VET AFFAIRS I9 Jan-12 01/2008 01/2008 562 3 0 0
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.
I suggest pulling your CRs directly from the 3 CRAs. You can do so for free from annualcreditreport.com once per year. These reports are a little easier to read than a lender's tri-merge report. I also suggest pulling from myFICO. Your myFICO reports will clearly show you what hurts your FICO score the most and will show exactly which accounts are negatively impacting your FICO score.
I'd tackle each item with PFDs if unpaid and GW letters if paid. I'd focus on the COs and CAs.