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redE2move wrote:2 Large medical bills showed up on CR then made the mistake of using CC to help pay med bills down. Now I have high utlz. BK in 2005 discharged feb 06 began to rebuild and scores going to 600 but med bills came just 4 months ago from bone intrusion in back. I thought maybe I can do the PFD letters but before that wanted to get the sound advice of everyone here before making a move. I twitch because I have a deadline to meet and I don't a want to miss out on a good opportunity if there is a way out.
netpanther wrote:A CLI is only a temporary solution to what really needs to happen- the paydown of utils on the open tradelines. Additionally, sometimes when trying to qualify for a mortgage it is the one time (notice I said one time) that lenders do not want to see a lot of open credit as they are afraid you will go out the day after the check funds clear and charge up all your cards. There are even lenders out there that will make you close TL's/CC's in order to qualify for a loan. It really is silly, cuz if your scores are good enough you can just go out a couple weeks later and re-app- but again, IMHO a CLI is a temp solution.Are you eligible to get a VA/ or FHA loan?Wait, I am not sure, I think the highest you can go w/ FHA is 250K or even 200K- would have to look that up.