Long time lurker, first time poster. Lot's of great info on this site.
Here is the story. My job is moving me out of state and I am in need to rebuild my credit as quickly as possible for a mortgage.
As of 8/4 my Ex8 score was sitting at a 589.
Items on my report are:
- 1 amex card current credit used is $1901 (pay off every month)
- 1 mortgage
- Account is 10 years old. Back in 2014-2017 my wife was gong through cancer and we fell behind. There are 21 lates 30-60-90-120. Mortgage modified in Apr 2017. Never late again
- 1 personal account for an RV- OLA was $8885 opened in 4/19. Current balance is $7692. Never late
Baddies on the report are:
- 3 collection acounts.
- 2 have been PIF ($457 and $808)and I am waiting for them to be deleted.
- Working on the last one that has a balance of $2745. Trying to pay and delte as well
- 2 Chargeoffs.
- Cap One Balance $2562. PIF as of last week.
- Ally - Balance $865 reporting monthly as negative
- During the time that my wife was going through cancer, I was always late. So Car loans and mortgage show late pays during that time.
As of today, 8/21, CapOne is showing a $0 balance and my EX8 score jumped to 609.
I am hopeful that paying off the 2 other collection accounts will boost my score as well. (holding my breath)
Some other info that may help. According to Experian.
Fair payment history. 9 Late Pays and 3 collections
Credit history is very good. Average age is 9 years. Oldest account is 13 years.
DTI is sitting at around 25%
Since I will need to apply for a mortgage in the very near future, what else can I do to improve my score?
Any assistance is greatly appreciated.
