Howdy folks.
Been lurking around the MyFico forums for a long time. That changed about 2 months ago when I found that I received a huge bump on my credit report putting me into the 660 range. Since then I became almost "obsessed" with working on my credit like it was a long lost hobby. ;-) Like many fooled rookies though, it was my FAKO scores, not my FICO. Once I learned more about the true difference between the two, I purchased a subscription to MyFico so I could monitor my true scores and realized my dreams to purchase a home up in the local So Cal mountains was still very much out of reach. :-(
The good news is I'm very close. I have recieved a great promotion at work to increase my buying power and I am using the VA loan which means I need to be at 620 (though some lenders I've talked to stated 600 or even 580 was acceptable. Further good news is I have been able to obtain a membership with NFCU and now have a $16,000 CL card which I plan to use strictly for gas keeping the UTI below 1%. I have two other cards which I will have at 0% by the end of this month. I've also applied and been approved for a NFCU NavCheck line of credit at $4,000 which I intend to let just sit.
My past is what is still haunting me from late payment to paid collections and I am just looking for any advice. If there is one place on the web you want to go for credit repair advice, I know it's right here!
I am willing to pay the piper here because of my past mistakes. All my credit report really needs I think is time. However, the sooner I can get into a home and stop throwing money down the drain into renting, the better I say. Further, I have found a home that is perfect. So if I would qualify in the very near future, I would be beyond ecstatic.
Honestly. It can only get better from here! :-D Thank you in advance. My credit info is below with more than my fair share of baddies:
EQUIFAX Report (4/17/17)
-FICO 8 = 609
-FICO 5 = 571 (Mortgage)
TRANSUNION (4/17/17)
-FICO 8 = 646
-FICO 4 = 637 (Mortgage)
EXPERIAN (4/17/17)
-FICO 8 = 623
-FICO 2 = 590 (Mortgage)
-Negative Revolving/Open-ended
--USAA Credit Card
---Date Opened: May 2013
---Status Date: August 2015
---Condition : Closed
---Last Activity: January 2015
---Balance: $0
---Status: Pays account as agreed
---Worst Deliq: 120+ days past due
---High Balance: $455
---Credit Limit: $400
--Verizon (Only appears on Equifax)
---Date Opened: June 2010
---Status Date: March 2013
---Condition: Closed
---Last Activity: September 2010
---Balance: $168 (Dispute sent for paid balance)
---Status: Charge-Off
---Worst Deliq: None Reported
---High Balance: None Reported
---Remarks: Charged Off Account. Account Closed by Credit Grantor.
***Dispute sent to Equifax***
--Bank of America Credit Card
---Date Opened: March 2007
---Status Date: February 2011
---Condition: Closed
---Last Activity: Equifax July 2010/Transunion Feb 2011/ Experian Not Available
---Balance: $310 Equifax/$0 Transunion/ - (a dash line) Experian
---Status: Equifax -Charge-Off/Transunion - 120 days past/Experian - Acct legally paid in full for less than full balance
---Worst Deliq: 120+ days past due (all reporting agencies)
-Ford Motor Credit
---Date Opened: January 2014
---Status Date: September 2016
---Last Activity: August 2016
---Balance: $0
---Status: Paid as Agreed all acounts
---Worst Deliq: Equifax - 30 days/Transunion - None Reported/ Experian 30 days
---High Balance: $13,725
--Fed Loan Servicing
---Date Opened: September 2010
---Status Date: March 2017
---Last Activity: March 2017
---Balance: $3,665
---Status: Pays account as agreed/Current Account
---Worst Deliq: $120+ days past due
---High Balance:$3,500
--Fed Loan Servicing
---Date Opened: September 2010
---Status Date: March 2017
---Last Activity: March 2017
---Balance: $2,056
---Status: Pays account as agreed/Current Account
---Worst Deliq: $120+ days past due
---High Balance:$1,500
--Fed Loan Servicing
---Date Opened: September 2009
---Status Date: March 2017
---Last Activity: March 2017
---Balance: $3,714
---Status: Pays account as agreed/Current Account
---Worst Deliq: $120+ days past due
---High Balance:$3,500
--Ford Motor Credit
---Date Opened: April 2009
---Status Date: September 2012
---Condition: Equifax - Not Updated/Transunion - Closed/Experian - Closed
---Last Activity: Equifax - July 2012/ Transunion - September 2012/ Experian - Closed
---Balance: $0
---Status: 60 days pat due all reporting agencies
---Worst Deliq: 60 days
---High Balance: $9,345
