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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.