myFico forums, (Sorry for the long post, I'm at wits end!)
I am really wanting to purchace a home before the end of the year, but it's starting to look extremely grim hitting the magic 620. (My DTI is decent, 100k+ a year income with just a 350$ car payment against it.) Even with my ability to pay, I cant seem to get anybody to even consider me without the magic 620..
I have been working endlessly the past few months paying everything I could off.. Unfortunatly I found these forums too late and made a few big mistakes along the way. (Paying everything off, with no PFD's, I didnt know better.)
Now I have no leverage against these collection agencies, no real open credit (Other than my auto-loan.)
I opened a secured card for 500$ and am waiting for that to report. But I dont think thats going to do anything amazing to my score. At least not get me to 620.
I desperatly need advice, I am currently living in a one bedroom apartment while I put my wife through school. Living as frugaly as possible. However, she is due to graduate here in the next few months, and we need to move. I really dont want to be stuck in a 1yr lease in this housing market, and definatly have the ability to pay.
I am looking to get into a CalVET or VA home loan for about 200k. Which is why nobody will look at me without that 620.
There are many experts out there that know much more than I do about this, would you please take the time to look at the following credit report and point me in the right direction to get to 620?
Thanks again,
ASSOC RECEIVABLES
Original Creditor: HERITAGE APTS
Status: Paid,Closed.
Status Details: This item was verified and updated on Jun 2009.
Date Opened: 11/2003
Reported Since: 06/2009
Date of Status: 06/2009
Last Reported: 06/2009
Type: Collection
Terms: 1 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $188
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Account History: Collection as of Jun 2009
CAVALRY PORTFOLIO SERVIC
Original Creditor: NAVY FEDERAL CREDIT UNION
Status: Paid,Closed.
Status Details: This item was verified and updated on Jun 2009.
Date Opened: 05/2008
Reported Since: 05/2009
Date of Status: 05/2009
Last Reported: 05/2009
Type: Collection
Terms: 1 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $519
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Your Statement: Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act).
Account History: Collection as of May 2009
CREDIT PROTECTION ASSOC
Original Creditor: HOLLYWOOD VIDEO
Status: Paid,Closed.
Status Details: This item was verified and updated on Jun 2009.
Date Opened: 06/2003
Reported Since: 10/2003
Date of Status: 10/2003
Last Reported: 10/2003
Type: Collection
Terms: NA
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $208
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Account History: Collection as of Oct 2003
HSBC/BSBUY
Status: Transferred,closed. $1,101 written off.
Status Details: This item was verified and updated on May 2009.
Date Opened: 09/2002
Reported Since: 09/2003
Date of Status: 09/2003
Last Reported: 09/2003
Type: Revolving
Terms: NA
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: NA
High Balance: $1,101
Recent Balance: NA
Recent Payment: NA
Creditor's Statement: Purchased by another lender.
Account History: Charge Off as of Sep 2003
NAVY FEDERAL CR UNION
Status: Transferred,closed.
Date Opened: 01/2002
Reported Since: 02/2002
Date of Status: 11/2008
Last Reported: 11/2008
Type: Revolving
Terms: NA
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $500
High Balance: $631
Recent Balance: NA
Recent Payment: NA
Your Statement:
Account closed at consumer's request.
Creditor's Statement: Purchased by another lender.
Account History:
180 days past due as of Sep 2007 to May 2008
150 days past due as of Aug 2007
120 days past due as of Jul 2007
90 days past due as of Oct 2008, Jun 2007, Oct 2006
60 days past due as of Sep 2008, May 2007, Sep 2006
30 days past due as of Aug 2008, Apr 2007, Aug 2006, Apr 2006
NELNET LNS
Status: Paid,Closed.
Status Details: This item was verified and updated on Mar 2006.
Date Opened: 05/2001
Reported Since: 10/2001
Date of Status: 03/2006
Last Reported: 03/2006
Type: Installment
Terms: 120 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $875
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Creditor's Statement: Student loan permanently assigned to government.
Account History:
Collection as of Feb 2006
Claim filed with the government as of Mar 2006
180 days past due as of Sep 2005, Jun 2005
150 days past due as of Aug 2003
120 days past due as of Mar 2005, Jul 2003
90 days past due as of Jun 2003
PALISADES COLLECTION LLC
Original Creditor: AT T WIRELESS
Status: Collection account. $996 past due as of May 2009.
Status Details: This account is scheduled to continue on record until Jun 2009.
Date Opened: 12/2004
Reported Since: 12/2004
Date of Status: 12/2004
Last Reported: 05/2009
Type: Installment
Terms: 1 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $996
High Balance: NA
Recent Balance: $996 as of 05/2009
Recent Payment: $0
Your Statement:
FCBA dispute resolved - consumer disagrees.
Account History:
Collection as of Aug 2007 to May 2009, Apr 2007, Feb 2007, Dec 2004
RI HIGHER EDUC ASST AUTH
Original Creditor: RI STUDENT LOAN AUTHORITY
Status: Paid in settlement.
Status Details: This account is scheduled to continue on record until Aug 2011.
Date Opened: 10/2005
Reported Since: 10/2005
Date of Status: 01/2008
Last Reported: 01/2008
Type: Installment
Terms: NA
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $1,007
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Creditor's Statement: Account legally paid in full for less than full balance.
Account History:
180 days past due as of Oct 2005 to Dec 2007
Accounts in Good Standing
These items may stay on your credit report for as long as they are open. Once an account is closed or paid off it may continue to appear on your report for up to ten year.
CITI AUTO
Status: Open/Never late.
Date Opened: 06/2007
Reported Since: 06/2007
Date of Status: 05/2009
Last Reported: 05/2009
Type: Installment
Terms: 60 Months
Monthly Payment: $345
Responsibility: Joint
Credit Limit/Original Amount: $12,950
High Balance: NA
Recent Balance: $9,519 as of 05/2009
Recent Payment: $345
NAVY FEDERAL CR UNION
Status: Paid,Closed/Never late.
Status Details: This account is scheduled to continue on record until Sep 2012.
Date Opened: 02/2002
Reported Since: 01/2002
Date of Status: 09/2002
Last Reported: 09/2002
Type: Installment
Terms: 6 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $500
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Your Statement:
Account closed at consumer's request.
NAVY FEDERAL CR UNION
Status: Paid,Closed/Never late.
Status Details: This account is scheduled to continue on record until Nov 2014.
Date Opened: 05/2004
Reported Since: 04/2004
Date of Status: 11/2004
Last Reported: 11/2004
Type: Installment
Terms: 6 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $750
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Your Statement: Account closed at consumer's request.
NAVY FEDERAL CR UNION
Status: Paid,Closed/Never late.
Status Details: This account is scheduled to continue on record until May 2015.
Date Opened: 11/2004
Reported Since: 10/2004
Date of Status: 05/2005
Last Reported: 05/2005
Type: Installment
Terms: 6 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $500
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Your Statement: Account closed at consumer's request.
RHODE ISLAND STUD LOAN A
Status: Transferred,closed/Never late.
Status Details: This account is scheduled to continue on record until Oct 2011.
Date Opened: 02/2001
Reported Since: 06/2001
Date of Status: 10/2001
Last Reported: 10/2001
Type: Installment
Terms: NA
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $2,625
High Balance: NA
Recent Balance: NA
Recent Payment: NA
SECURITY NAT AUTO ACCEPT
Status: Paid,Closed/Never late.
Status Details: This account is scheduled to continue on record until Mar 2016.
Date Opened: 08/2002
Reported Since: 10/2002
Date of Status: 03/2006
Last Reported: 03/2006
Type: Installment
Terms: 49 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $14,113
High Balance: NA
Recent Balance: NA
Recent Payment: NA
