@Anonymous wrote:
I have a short sale falling off my credit in December. How much should I expect my credit score to increase ...according to credit karma trans 556 exp 551......
Depends what else is in your file; unfortunately Credit Karma's scores aren't worth that much in the grand scheme of things.
That said a short sale is a non-trivial derogatory; if you have other derogatories in your file you may not see much of a boost, but if you are a clean sheet afterwards, I would expect a non-trivial jump.
@Anonymous wrote:
I do not have much else....on deragatories...would 20 pointz be out of the realm...also is there any where I can check a more reliable score for free?
If you have others negatives, maybe; hard to say given we don't get much in the way of short sale data from a scoring perspective and it also depends what they are... namely, if you have a tax lien or BK on there, I wouldn't expect more than a handful of points.
Several credit cards now offer a free FICO score which is about as good as it gets for free, you may have one already if you have any cards (and if you don't, get some for scoring purposes); Credit Karma is quite good for access to the report data, the scores can be misleading though unfortunately though they don't completely suck in my opinion unlike some.
@Anonymous wrote:
I want to buy a home again....I found a small one for 110k.....I can put 50k down but between being on a 1099 for only 8 months now and 550 approximate credit score no one will touch me....
Maybe; what are your reported balances on your credit cards? Let a couple bucks report on one and $0 on the other, might get some points that way.
Post your collections over in the Rebuilding forum, and google "whychat hipaa" regarding the medical collections specifically. You have enough cash that you might be able to get financed on a income / assets loan... it's a higher interest rate (probably around 1% higher) but you might be able to skip the credit requirements altogether since you don't have an outstanding lien or judgement.
The 8 months 1099 is a deal breaker for everyone other than going to a portfolio lender or cash one as described above; can post in the Mortgage forum looking for a lender specific to that, know my old employer had an option for it so it can't be that uncommon.
