Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 7
Registered: ‎02-04-2013
0

Started Last Week

So, after 32 years of living I decided to start taking care of my credit. Generally speaking the last few years I have THOUGHT about it, but it did not really hit me until about 2 years ago my wife and I could not get approved for a mortgage. For some reason I thought the old bills didn't really matter because I could get approved for car loans between 11-18% all day long. Now we are in a contract for deed and SICK of the owner, so the plan for this year is to get my score as high as possible as quickly as possible to buy the property with a VA loan. 

 

You guys have any general advise? I paid one of the old creditors off last week with a settlement and my score went from 546-574 within just a couple days! That got me pretty excited at the possibilities! I guess my goal s 700 FICO

Mid 500s across the board as of 8/11/2016
EQ: 543
TU: 552
EX: 543
Highlighted
Regular Contributor
Posts: 157
Registered: ‎05-01-2008
0

Re: Started Last Week

I believe VA loans requires a credit score of 640/650. That may have changed but you can go to military.com and they have all the information you need About VA home loans.

New Member
Posts: 7
Registered: ‎02-04-2013
0

Re: Started Last Week

I spoke with them when we got turned down on the mortgage almost two years ago and they said 620, then I talked to another person last August and again they said 620. I would rather apply with a 650 to be safe, but my goal is to apply by May 2013.

 

Additionally I think my scores should go up again by the end of this month because I have two credit cards that were maxed out that I paid down to $100. The total credit available is $1700. I am not sure exactly when they report but I had $95 available credit on them and now they are almost completely paid down. Not sure what exactly that will do for my score, but 20-30 points would be pretty awesome!

Mid 500s across the board as of 8/11/2016
EQ: 543
TU: 552
EX: 543
Regular Contributor
Posts: 170
Registered: ‎06-24-2011
0

Re: Started Last Week

Have you sent a GW letter the the collector you just paid off?

USAA Mastercard-$2000 USAA Visa-$2000 USAA SC-$500 NFCU-$12500 Walmart-$800 BestBuy $1000 Navcheck 3000



2-4-14 Gardening
New Member
Posts: 7
Registered: ‎02-04-2013
0

Re: Started Last Week

No, am I supposed to? I am new to this and have no idea what to do except the good old fashion PAY! LOL!

 

The creditor I paid off removed the record by the end of the week, really I was amazed at how fast they were.

 

One problem I am having is with a med bill for my wife that she incurred BEFORE we got married, now it is somehow on my report. I don't think I am responsible for said bill and I do not believe they can report it on my credit report. Sent a dispute, but we shall see. Might go directly to the hospital with our marriage certificate and make demands. 

Mid 500s across the board as of 8/11/2016
EQ: 543
TU: 552
EX: 543

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.