In a serious bind and don't know where to start...

[Anonymous]

I am a brand new member of this forum and am in some desperate need of advice.  I recently purchased all three of my credit reports and my scores to see where I stand.  what I found is MORE than disturbing.  My credit scores are in the low 500's and I am currently in a situation where I'm going to have to sell my current home and buy a new one to appease a residential custody battle..  I know finding a lender at this time would be completely out of the question, not to mention the interest rate that I would have to accept.  One barrier I am facing on improving my score is a reposession from 2005 as a result of a divorce.  I also have medical bills and credit card bills from that time.

Bottom line is I have NO idea where to start!!!  I'm in a panic and feel so helpless/hopeless.  Does anyone have any advice???????

[Anonymous]

For the medical bills, read the link in my signature titled "medical collections".

For your other debts, I would suggest reading the link "Where do I Start?".

You need to know DOFD, DOLA, and SOL for each account.

If you haven't already, I would get all three free annual reports that come directly from the CRA. These contain much more information.

[fishbjc]

Hi & Welcome to the Forum.  You've come to the right place for advice.  WOW, you have a lot going on!  Take a deep breath & everyone here will help you pick everything apart. 

We have three amazing mortgage brokers posting on the mortgage forum.  They will be glad to help you with specifics, loan requirements, etc.

I'm so glad you're here!!!!!!

[Anonymous]

Thank you so much for the advice!!!!  I'm beginning to think that maybe there is light at the end of the tunnel after all!!

[WannaHouse]

Hang in there! There is definately hope. We started our repair in August. My scores were all about 580-90's. I haven't pulled my scores for just over a month, but last check they are in my siggie below.

Hubby's was worse; 540 544 and no score at all.. We started on his in Sept. By Oct. (yup..one month) he was already up to 622 602 and 648!

Read lots, listen to the great advice, and in no time, you will be there.  

Message Edited by WannaHouse on 12-22-2008 04:20 PM