help !! what to do with this?

[BungalowMo]

There ya go...the more info the better.  I canhelp, but I certainly don't know it all.... thx wonderin

[Anonymous]

Yeah, ordinarily your advice would be PERFECT. Except that she mentioned in *another* thread that she wants to buy a house soon (I read it as ASAP). Regular credit repair doesn't always apply in those situations!

"Regular" credit repair is best done about 6-8 months before buying a house. Too soon and it just drags your scores down whilst your repairing, and they take some time to rebound!

But like I said, Mo, you're AWESOME and gave GREAT advice! You just didn't have all the facts. :/

Anywho, how's doings with you, Mo?!

OP: I'm not dinging you with those comments above!

I am saying, though, that you need to give us the skinny on what your situation is. Credit repair to buy a house is NOT the same as credit repair to get a credit card. Lenders have different standards and different guidelines on what they'll accept -- and what they'll NOT.

[BungalowMo]

Awww, shucks wonderin!  Thanks for the props!  I do try to help where I can.  After working on mine for a long time, I know this site has certainly been my saving grace. 

The collection of information you can gather here is amazing!  

BTW...I'm doin good...might be lookin for a new job soon... (not really sure how I feel about that!)

Ok...now back to our regularly scheduled OP with the credit questions!  

[Anonymous]

 yes my scores are on this date 01/18/2009

efx- 504       (beacon)

tru - 479       (classic score )

xpn - 503       (fair isaac score )

a bank pulled them .

i was looking at home loan of 60,000.00

and down payment of 7,000.00

i have the income of 22,000.00 a year

i have a car loan payments of 391.00

still owe 9,446.00 out of 14,049  had loan since 10-2007

i was looking to buy in about 5 months

[BungalowMo]

That's interesting, because I remember when I was looking to buy, the mtg company I was dealing with pulled those too.  They aren't all FICOs, but it's what that bank used.

Did they give you your full printout of the reports?  VERY informative!  A little different from what we see.  

[Anonymous]

no it is just the scores .

[Junejer]

---

BungalowMo wrote:

That's interesting, because I remember when I was looking to buy, the mtg company I was dealing with pulled those too.  They aren't all FICOs, but it's what that bank used.

Did they give you your full printout of the reports?  VERY informative!  A little different from what we see.  

---

Hey Bungalow, FYI, those are all FICO scores.

Equifax uses the Beacon 5.0 version of FICO
Trans Union uses the Emperica Classic ('98 or '04) version of FICO
Experian just calls theirs FICO version 2.0

Just an FYI

[Anonymous]

Okay, so far, the first things that smack me in the head are that you have several Verizon tradelines reporting what *seems* to be the same debt. Are there THREE on the same report? Or just a listed version of what each CRA has? Same with "Central Credit/Penn CR" .... what is that? Why only 1 month terms??

Second thing I see is that you have several CC (or what seem to be CCs) charge-offs. Those are still figuring into your utilization (FICO sees you as having maxxed out credit - FICO *HATES* that). Believe it or not, you pay those off, you'll see some sort of increase (despite the fact that FICO will see them as "new" it will lower your utilization considerably).

Third is that several of those bastiges seem to be updating your CRs (either that or you disputed them). I saw a couple of debts from 2006 that were updated just a few months ago. That's helping to ding your score (since, again, FICO sees them as being "new" ).

Can you group everything together by creditor? It'll be easier for old eyes like mine to know what I'm seeing. Sort of like this:

Verizon (OC)
$50

Credit Acceptance (CA collecting for Verizon)
$50

... I say that because it's possible that you might have duplicates on your CR, but unless we can tell what OC that account originated with, we won't be able to tell!

[Anonymous]

there are 3different verizon debts.

not sure about this as i dont have it list i dont think i will double check .

Credit Acceptance (CA collecting for Verizon)
$50

[Anonymous]

hey wonderin not sure where this came from

Credit Acceptance (CA collecting for Verizon)
$50