@Mrzjbabii wrote:
Well long story short I messed up my credit a few years back before joining the military. Now I am trying to obtain a VA loan with a min 620 score for most lenders. Currently I have 1 charge off ($33), 5 collections (1 medical), and 3 lates( 120+ days on a student loan now in deferment). I have 2 cards limits $1000 and $300. The balances are $698 and $7 repespectively so about 54% util. Where do I begin? I have sent out 2 Full media Validation but no reply yet. Any beginner ideas?
Do you know where you two FICO scores are at right now?
CO - what kind is it? How old is it in relation to your Average Age of Accounts? If a utility or phone or something along those lines, send a PFD no matter what. If a CC or loan balance, then either PIF if older than your AAoA and GW later or send a PFD if younger than your AAoA.
CAs (non-medical) - send each a DV letter. If they verify and you agree, then send PFDs.
Medical CA - either 1) send a DV then a PFD or 2) follow the HIPAA process which involves paying the medical office first.
SLs - try GWing.
Current CCs - your balance is high on the $1000 CL. Your overall util is at 54%. I bet if you paid one off and got the other to report a balance of less than 9% of the CL, you might see a 40-50 pt gain (guessing).
