Established Member
Posts: 16
Registered: ‎10-04-2012
Intro and homebuying question

hello! I have been lurking around for a while, you guys have great information. My question is about buying a home. MY BK chapter 7 was discharged October 2011, I am one year out and have the following:

Cap1  with $500 CL (started October 2011)

Cap1 car loan for 10k (started June 2012)

and just recently I applied for and was approved for two more cards

Cap1 rewards $1000 CL (Oct 2012)

Credit1  CL $300


My question is, do I need any more credit? I know I need to keep my total usage under 10%, but is the 1800 plus the car loan enough to show that I can manage it? My goal is to buy a home next October at the end of my two years post discharge....

Starting Myfico Scores: 574/571 (9/2012)
Current MyFico Score: 625 (10/22/2012)
Goal: 640 mid score for home purchase by October 2013

App free since 10/23/2012

In the garden until 9/2013!
Credit 1 $300/ Cap1 $500/ Cap 1 Rewards $1000