topic Re: anti scores :) in Rebuilding Your Credit

anti scores :)

hoang817 — Wed, 10 Jan 2024 17:08:48 GMT

now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

Re: anti scores :)

NoMoreE46 — Wed, 10 Jan 2024 18:38:37 GMT

@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

That mortgage rate seems pretty good.
How recent are the 19 or so CO?

Re: anti scores :)

hoang817 — Wed, 10 Jan 2024 19:06:27 GMT

@NoMoreE46 wrote:
@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

That mortgage rate seems pretty good.
How recent are the 19 or so CO?

the most recent on one of the 19 paid charged off was jan of 2013.

I paid off and have all my collections removed. so i have no collections on report.

Re: anti scores :)

pizzadude — Wed, 10 Jan 2024 20:03:51 GMT

@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%
l
dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

Color me skeptical, which lender approved you with scores in the low 500s ?

Re: anti scores :)

drewricomakeubu — Wed, 10 Jan 2024 20:14:45 GMT

@hoang817 wrote:
@NoMoreE46 wrote:
@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

That mortgage rate seems pretty good.
How recent are the 19 or so CO?

the most recent on one of the 19 paid charged off was jan of 2013.
I paid off and have all my collections removed. so i have no collections on report.

Charge Offs from 2013 should've already fallen off your report.

Something smells off here.

Re: anti scores :)

Slabenstein — Wed, 10 Jan 2024 21:33:24 GMT

@drewricomakeubu wrote:

@hoang817 wrote:
@NoMoreE46 wrote:
@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

That mortgage rate seems pretty good.
How recent are the 19 or so CO?

the most recent on one of the 19 paid charged off was jan of 2013.
I paid off and have all my collections removed. so i have no collections on report.
Charge Offs from 2013 should've already fallen off your report.

Something smells off here.

Per this thread OP has a paid CO that's about a year old.

Re: anti scores :)

drewricomakeubu — Wed, 10 Jan 2024 21:59:43 GMT

@Slabenstein wrote:
@drewricomakeubu wrote:

@hoang817 wrote:
@NoMoreE46 wrote:
@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

That mortgage rate seems pretty good.
How recent are the 19 or so CO?

the most recent on one of the 19 paid charged off was jan of 2013.
I paid off and have all my collections removed. so i have no collections on report.
Charge Offs from 2013 should've already fallen off your report.

Something smells off here.
Per this thread OP has a paid CO that's about a year old.

Interesting

Re: anti scores :)

Thomas_Thumb — Wed, 10 Jan 2024 22:56:51 GMT

@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

Yeah, cash is king.

I paid cash for my new car and they did not even pull my credit score, lol. I put over 50% down on a new house and DTI was not much of a concern with the 15 year mortgage. However, the loan company did check credit scores.

Re: anti scores :)

Blender — Thu, 11 Jan 2024 03:30:24 GMT

Unbelievable. Literally.

Re: anti scores :)

hoang817 — Thu, 11 Jan 2024 04:15:53 GMT

sorry guys my most recent CO was jan 2023 not 2013

@Blender wrote:
Unbelievable. Literally.

Re: anti scores :)

hoang817 — Thu, 11 Jan 2024 04:16:53 GMT

sorry jan

@drewricomakeubu wrote:

@hoang817 wrote:
@NoMoreE46 wrote:
@hoang817 wrote:
now a day, only bots looking at the scores.. if you are getting a loan especially mortgage loans they are looking at your income and debts ratio.

i have no debts, no collections, no bk, bunch of paid charged off closed accounts (about 19) and my scores are under 550.

income 150k/year and got a loan for 700k with 6.5%

dont worry about the scores too much. just pay off your debts then you will be alright. after all cash still king.

That mortgage rate seems pretty good.
How recent are the 19 or so CO?

the most recent on one of the 19 paid charged off was jan of 2013.
I paid off and have all my collections removed. so i have no collections on report.
Charge Offs from 2013 should've already fallen off your report.

Something smells off here.

2023