01-09-2013 12:58 AM
This is my second post. I really love this forum. So here we go.
I have improved my credit over the years and paying off old delinquent and collection accounts. Paid all of them off before I new what pay for deletion was.
I have a:
TU score of 688
EQ score of 658
GOAL is 750
I have 5 paid delinquencies on TU and 10 paid delinquencies on EQ in which 4 are due to drop off by September of this year. (That's how old these are)
I have 3 credit cards Household, Applied and Orchard Banks $500,$750 and $600 available balance with no balances on any card. I have auto pay so the cards are paid each month. I make $83,000 per year and rent a house $1150 per month. I have no car payments so all I pay is basic household bills. So here we go:
I want to purchase a home and new car in 2014. I am self employed with 57 employees and I am in DIRE NEED of a business line of credit.
How bad does the paid delinquencies hurt my chances of achieving any of this. I am afraid to have credit inquiries because it hurt your score when pulled. I am disputing several of the delinquencies on EQ because I think they're reporting twice (SST/CITGCORP and SST/Columbus)
Any input would help
01-12-2013 12:07 AM
01-12-2013 12:09 AM
01-12-2013 09:15 PM
With youw WF rate on your auto loan, your business line/loan through wells fargo should be an option. Have you talked to your WF business banker?
01-12-2013 10:57 PM
Not yet I just got the auto loan this week. I have a very good business model and i have 5 company vehicles and a warehouse full of equipment thats all paid for. I have spent the last 4 years building business with no loans . but i am at the point where i need the line of credit.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.