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Member
Posts: 13
Registered: ‎11-28-2012
0

Would like to get Mortgage Loan in 7-8 months,Advice?

Hello,

 

I am new to this forum. My goal is to get a mortgage loan for a home in about 7-8 months. This will be the first home that I would be purchasing. I would like to see where I should start on my report. My FICO is 517, EXP 574, EQ 562, TU 578. My goal would be 650. My DTI is 0%, Available credit is 100%.

 

Here is what I have.

 

Calvalry Portfolio      621.00, 2/1/2012, unpaid collection.closed. (I don't know what this debt is for, how do I get OC info?)

 

National Student Loan  0.00, 1/1/0001 (that is the date they have), paid collection-student loan, open. (I do not have any student loans outstanding)

 

Security Credit System 2074.00, 6/1/2012, closed, unpaid-collection. (this was a online school that I did not finish enrolling cause I wasn't decided, They mailed enrollment papers and I did not return them, I didn't take class either they also pulled my credit report 2 times in the last 2 months, I don't understand why)

 

West Bay Acquisitions 58.00, 11/1/2011, 1 CRA says closed, the other says open, collection. (medical)

 

2 medical no CA info, 200.00 each, 8/1/2012, medical unpaid.

 

ACS/Wells Fargo 0.00, 6/1/2007, student loan assigned to government. (it also says more than 120 days past due 1348.00) ..........I guess I need to see who OC is right?

 

American Honda Finance  0.00, 7/1/06, paid was a charge off/bad debt & placed for collections & skip $21,345.00/paid profit and loss/account paid in full was a charge off ( on our very last payment we were late about 3 weeks with a balance of 240.00, We called paid it received receipt and title, we paid this vehicle for 6 years)

 

Apollo Group INC 0.00, 4/1/2007, bad debt place for collections & skip, paid charge off unsecured (this was a University of Phoenix account, It was paid in full and I have the receipt)

 

Medical  188.00, 2/1/2012, closed

 

Franklin Collections SV  0.00, 7/1/2007, account paid in full was a collection, closed

 

HSBC Bank 569.00, 2/1/2007, closed, charge off. (the account numbers on all 3 CRA's are different)

 

HSBC Bank 0.00, 2/27/2007, charge off, closed, (it also says paying as agreed, credit card lost or stolen, I did loose a card and ordered another) listed on TU 3 times.

 

JAX Elec  394.00, 4/1/2008, closed, charge off

 

NCO/FIN09 705.00, 8/1/2010, closed

 

 

That is all. My car loan from American Honda finance has been paid in full and I have 6 years of making payments, I am concerned it shows charge off almost 21000.00 and I know it was all paid, could it bring my score down? Any help would be greatly appreciated. Thank you very much.

 

Jenn

 

 

 

 

 

 

 

 

 

 

 

Member
Posts: 13
Registered: ‎11-28-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

I forgot to mention I have no bankruptcies, foreclosures, or judgments.

Established Contributor
Posts: 505
Registered: ‎11-05-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

First you need to find out your SOL . And find out your FDOD then we can talk into it

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Member
Posts: 13
Registered: ‎11-28-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

SOL is 3 yrs. where I live. FDOD I will have to look that up.

 

 

 

 

 

 

Valued Contributor
Posts: 1,772
Registered: ‎10-28-2011
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?


jennherrin wrote:

SOL is 3 yrs. where I live. FDOD I will have to look that up.

 

 

 

 

 

 


Its a typo I think she meant DOFD which is date of first delinquency

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Established Contributor
Posts: 505
Registered: ‎11-05-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

Ty u fixed me right . Sorry typo. I always use iPad or I phone ,they just auto fix ,.,.,,.

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Member
Posts: 13
Registered: ‎11-28-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

Oh ok,

 

 

Calvalry Portfolio      621.00, 2/1/2012, unpaid collection.closed. (I don't know what this debt is for, how do I get OC info?) not sure who OC is. I have to check.

 

National Student Loan  0.00, 1/1/0001 (that is the date they have), paid collection-student loan, open. (I do not have any student loans outstanding) Need OC

 

Security Credit System 2074.00, 6/1/2012, closed, unpaid-collection. (this was a online school that I did not finish enrolling cause I wasn't decided, They mailed enrollment papers and I did not return them, I didn't take class either they also pulled my credit report 2 times in the last 2 months, I don't understand why) Dofd 03/2012

 

West Bay Acquisitions 58.00, 11/1/2011, 1 CRA says closed, the other says open, collection. (medical) Dofd 02/2011

 

2 medical no CA info, 200.00 each, 8/1/2012, medical unpaid. Dofd 6/2012 and 3/2012

 

ACS/Wells Fargo 0.00, 6/1/2007, student loan assigned to government. (it also says more than 120 days past due 1348.00) ..........I guess I need to see who OC is right?

 

American Honda Finance  0.00, 7/1/06, paid was a charge off/bad debt & placed for collections & skip $21,345.00/paid profit and loss/account paid in full was a charge off ( on our very last payment we were late about 3 weeks with a balance of 240.00, We called paid it received receipt and title, we paid this vehicle for 6 years) No Dofd

 

Apollo Group INC 0.00, 4/1/2007, bad debt place for collections & skip, paid charge off unsecured (this was a University of Phoenix account, It was paid in full and I have the receipt) Paid

 

Medical  188.00, 2/1/2012, closed 10/2011

 

Franklin Collections SV  0.00, 7/1/2007, account paid in full was a collection, closed

 

HSBC Bank 569.00, 2/1/2007, closed, charge off. (the account numbers on all 3 CRA's are different)Dofd 8/2009

 

HSBC Bank 0.00, 2/27/2007, charge off, closed, (it also says paying as agreed, credit card lost or stolen, I did loose a card and ordered another) listed on TU 3 times.

Dofd 8/2009

 

JAX Elec  394.00, 4/1/2008, closed, charge off

 

NCO/FIN09 705.00, 8/1/2010, closed need to find OC.

 

 

 

 

 

Established Contributor
Posts: 505
Registered: ‎11-05-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

Account mark paidbut CA or CO send them a GW every 2 week until you get right people to agree remove it.

Medical CA send offer PIF and PFD. If they don't accept PFD then just paid them then send GW like crazy.( you have to pay)

CA or CO still report balance send them PFD

National studen loan call 3 credit reporting agency dispute for DOFD

Cavalry send DV ( save 621.00 ) in case they bring an action to you

Security credit system , did you sign any document to open a loan? If not call to office ask for information. If you feel not right then ask them to remove it.

* Calvary you need to watch out. If they return your DV then send them offer PIF and PFD. If they don't accept it,I would just pay for it and send GW latter.

Sleepy time lol

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Member
Posts: 13
Registered: ‎11-28-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

Thank you very much. It is a start. :smileyhappy:

Member
Posts: 13
Registered: ‎11-28-2012
0

Re: Would like to get Mortgage Loan in 7-8 months,Advice?

What should I do with the Amarica Honda Finance account.........do you think it is affecting my score that much?

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