Well, my late payments wont go away for 7 years.
So great.
My collections fall off mid 2015, and haven't gotten any response back for my PFD anyway. (Statute of limitations is pretty much over. 6 years in Michigan)
Stuck, stuck, stuck.
Yes, I have been.
For the type of loan I want they need 3 tradelines and accpet "non traditional" forms sometimes. (Utility/rent)
I have my electric bill, rent and internet bills. These are the only things I pay monthly. The only thing reflected in my report is my electric bill - which shows as a negative account even though it's marked $0 pays as agreed. Late payments.
I've opened up 2 revolving accounts but they need at least 12 months of good payment history.
I don't want to wait another year, though. I live in a bad area and want my daughter in a better school. But I can't afford $700 rent payments. As a low income individual, I understand there's criteria that needs to be met. I just wish I had a better shot. All of my bad debt (mainly my utility bill) is taken care of. I am no longer required to make $200+ payments every month. I've paid off my debt to them and am now continuing on with my regular bill (Around $80).
I'm finally at a financially stable point in my life - but these stupid reports are holding me back. I CAN afford a mortgage. I WILL pay it back. They just WONT give me one until I establish a "good history" on these things.
I hate credit cards and the fact that I even have one now. But it felt like the only way.