MarineVietVet wrote:
720ismygoal wrote:
Dam! i'm screwed! i will never buy a home! Thanks.
Not necessarily. I'm no mortgage expert but I have read enough to know that paid collections and CO's will often not be a automatic denial for a mortgage depending on their age and what else is on your reports. You'll just need to check out different lenders and what their requirements are.
For scoring purposes all negatives will lose impact over time but a major derogatory such as a CO will continue to hurt for the entire period it can report. Have you tried GW letters trying to get these removed early? When is the DoFD on these CO's?
They are from January of 2009(DoFD). The accounts were sold, it was then that i paid them in full, nothing bad since. Yes, i just send the fisrst round of letters about three weeks a go and i haven't heard anything, yet. Should i try another round? Thanks Marine!
Old Navy: AU $600----------------Walmart(store card): $900 & FICO: 680
Sears Mastercard: AU $300-----TU: FICO 652 April/2012
Emblemcard: $325------------------EQ: FICO 668 April/2012
Discover: $1,000-FICO 695 4/25/12---------Bringing home Amex in 2013!
Cap1: $750 Gardening mode until April 2013
Cap1: $500
I'd keep sending them and don't get (too) discouraged if the initial responses are no. I've been told no repeatedly by WFNNB and was feeling defeated yesterday but decided it's worth the try. All is takes is a few minutes of my time and a stamp. I figure at this point the worst they can tell me is no! Good luck!
Starting Score: EQ=567, TU=564 4/17/12 
