Hi,
I will be applying for an fha home construction mortgage in July 2010. There are a couple of issues that I'd like to get cleaned up on my credit report in order to raise my score before I apply. I'm not sure how to proceed or if I should just leave it alone in case of making it do more harm than good.
Equifax - current fico score 673
Shown under Credit Accounts - Palisades (Verizon North-Landline) $276.00 paid in full. (has been paid for a couple of years)
Status as of 4/2010
Date opened 8/2006
Date last activity 2/2004
Balance 0
Account type Open Account
Over under current status it shows: 120 + days past due - 30 days: 0 60 days: 0 90 days: 0
Consumer disputes after resolution (disputed in past)
Experian - current fico: no idea - shows as a collection account
Palisades Collection - Verizon North (Landline)
Date opened 8/2006
Date of status 8/2008
Type: installment 1 month
Status: Paid, Closed
Status Details: This item was verified and updated on Aug 2008
I would really like to get this off of my credit report, it's being reported wrong and has been paid for a couple of years. Also, it is not 120+ days past due. The one thing I don't' want to do is make it worse since it seems that Palisades reports this as verified on a monthly basis,, computer generated I'm sure. I went through the steps of trying to have it all corrected without any luck a couple of years ago. Hence, consumer disputes after resolution on Equifax report.
Any suggestions on how I should handle this derog on my credit file. I am worried that the 120+ days past due is still hurting my fico scores even though it has been paid for at least two years.
Thanks!!
