Need to Raise Score Quickly... Please give me some advice

[kharris1]

We are looking at building a home, we will be signing for the home in January. However, I just checked my FICO score and it is at 614!!!! Our loan requires at least a 620.

I have two satisfactory accounts. A car loan and a secured credit card.

I have three collection accounts on my credit (Charter $242, and Medical bills totaling $542. If I negotiate a PFD will my score increase? 
I also have negative marks from late payments on my Capital One card, is it possible to have them remove that?

[newmomnewme]

I've heard about others contacting Cap1 to have late payments removed...write a GW letter? I think it depends on the rest of your report, but any pfd would help right??

[AndySoCal]

Preferrabley get rid of the most recent derogatory information  that should help. Call the original crediter like charter and the provider of the medical services  and ask them if they sold the debt to the collection agecny or if it has been assigned to the colection agency. if it has been assigned ask them if they will accept payment in full in exchange for pulling the account from the collection agency.

[themizlyne]

Also make sure the utilization reported on your credit card is less than 9% but more than zero.

[newmomnewme]

---

@AndySoCal wrote:

Preferrabley get rid of the most recent derogatory information  that should help. Call the original crediter like charter and the provider of the medical services  and ask them if they sold the debt to the collection agecny or if it has been assigned to the colection agency. if it has been assigned ask them if they will accept payment in full in exchange for pulling the account from the collection agency.

---

I am going to try that with the judgement...OC/Plaintiff  is my old apartment complex (eviction)...but the CA is also listed under collection accounts. I am going to offer to pay the judgement amount to the OC and hope that they get the account back from the CA. That would be sooooo sweet for me. 

It is a joint obligation; original amount due $4500 judgement $2700...I will let you know if this works.  

[AndySoCal]

I doubt it would work you would might rid of the Collection Agency but not the Judgment. Who filed and got the judgment?  Try it on the medical collection account.

[LIGHTNIN]

And to add to AndySoCal questions....... When was the judgment filed?  what date?

[madmann26]

The fastest way would be to drop your utilization on the CC to 9% or less.

If you're not letting a balance report at all, then it is hurting you even more as FICO doesn't "see" you using credit. This will lower your score also.

Let a balance report, 1-9% and see what happens. I bet you get what you need and then some.

[newmomnewme]

---

@LIGHTNIN wrote:

And to add to AndySoCal questions....... When was the judgment filed?  what date?

---

The judgement was filed 12/2011, the plaintiff is the apartment complex/attorney rep....who says he will not accept payment for the judgement.  The attorney and the apartment complex directed me to the Collection Agency; I am afraid to pay the CA because they want $4500 and the judgement is only $2700 or so.....Im thinking if I pay them $2700, they will want the rest in order to clear the judgement. 

[J_G]

It is impossible to get a mortgage with a un paid Judgment! You need to pay that ASAP! I had a Judgment and had to pay before a bank would even talk to me :-( Judgments are heavily ground upon and it you have recently been evicted you will have to wait a minimum of 1 year before you can get a mortgage loan possibly even 2 years.