So on my journey to home ownership and rebuilding my credit, I have a question.
(1) I am grappling with the idea of taking what I was going to use for a secured card- and instead throwing it on some more collection accounts to have them removed.
(2) I have two student loans- which are currently in deferrment.
So my question is this- is I take them out of deferrment and start making the monthly payments- will this have an increase on my score? I have NO other loans or revolving accounts or credit cards. So basically, I have nothing showing I make on-time payments. Everything is medical collections left, 1 judgement and 1 30 day late from 2008 on one of the student loans.
I can afford the monthly payments now, and if it will increase my score, I would rather take them out of deferrment early (deferrment ends in May). Trying to get scores up ASAP- Been doing this for a year now, and we need to be moved by the end of Spring.
