Hi all!
I'm a newbie here, I just recently joined this site to rebuild my credit. In 2003, I defaulted on my credit cards in order to pay my rent...bad decision, I know that now. Anyway- I have not defaulted on anything since 2003, then I accidentally missed a pymt back in April of this year on my Applied CC. As soon as I realized that I had done this, I contacted the CCC and they offered me a deal that if I paid a certain amount for the next 3 months, they would wipe it off of my CR, so I did that. However, they DID NOT tell me that in the mean time, they were going to report to all 3 agencies that I wasn't paying at all, even though it was automatically coming out of my checking account every month... So when the dealership pulled my CR last month, it stated that I hadn't paid in over 90 days, which dropped my score dramatically and now it is 592. The CCC has since updated the info and my CR now says that there were no delinquencies. In July I also paid off all my CC's except 1, and that one's UTL is 27%, and it will be under 9% next month.
However- When I pulled my CR, it still says that my score is low due to a recent late pymt w/in the last month. So I called Equifax and they also stated that I haven't missed a pymt since 2003, and gave me another number to contact to dispute that, which I have to wait until tomorrow to do.
So my problem is this- I have now extended my lease an extra two months to get my report back to where it should be, but this also means I have burned up an extra two months in my house hunt as well. I know that two big purchases close together will likely hurt my score, but I have to turn my car in and I also have to buy a house, and I have to do both of these soon. I only have until 9/24/09 for the car. I don't know which to do first, and I really hope someone here can help me out with that decision!
Thanks for the help!!!
