Any advice on raising my scores??

[XxX2]

Since my BK in 2004 i've kept my financial records spotless. No lates or anything like that. I recently decided I wanted to increase my FICO scores and now it's becoming an obsession. Since I signed up here a week ago I have learned quite a bit (thanks all CB'ers). I recently started *b'ing w/ TC but fear it may be too late after reading a few threads here.

 

Anyways, below is my financial picture. If you have any recommendations on things I can do to increase my score and/or fix things i'd love to hear them. Thanks.

 

As of 9-3 my scores are EQ 677 EX 698 TU 704.

 

My debts and CC's....

 

Car note. 13000 owed. This one is actually 2 loans...10G from navy at 9.5% and 5000 from Nuvell at 12% (should I consider re-fi?)

 

School loans. 8000 owed to Directloans. I consolidated them in August of 2003 after paying nothing on them for years. The original defaulting was in 2000. I have 4 or 5 lines on my CR in regards to the defaulting. They should come off soon except for the consolidation one correct?? I noticed that a couple of them have the default starting in 2000 and a couple that say 2002 or 2003. I'm hoping I can get them all off ASAP. Here they are below.

 

ACS/SunTrust on Experian...

 

 

Account Type: Installment

Account Number: 550193XXXX

Payment Responsibility: Individual

Date Opened: 05/2000

Balance Date: 04/2002

Balance Amount:

Monthly Payment:

High/Limit: $6,847

Account Status: As Agreed

Past Due Amount: $908

Comments: CLAIM FILED BY WITH GOVERNMENT FOR INSURED PORTION OF BALANCE ON LOAN LAST REPORTED DELINQUENCIES: 04/2002=I ,03/2002=I

 

 

CALIF STUDENT AID on EXP and TU

 

 

Experian TransUnion

Reported Reported

Account Type: Installment Installment

Account Number: S0011XXXX S0011XXXX

Payment Responsibility: Individual Individual

Date Opened: 04/2002 04/2002

Balance Date: 09/2003 11/2002

Balance Amount: $0

Monthly Payment:

High/Limit: $2,807 $2,807

Account Status: As Agreed Collection

Past Due Amount: $0 $0

Comments: ORIGINAL CREDITOR: SUNTRUST BANK LAST REPORTED DELINQUENCIES: 08/2003=I ,07/2003=I PAID COLLECTION

 

 

CALIF STUDENT AID on Exp and TU again!!

 

 

Experian TransUnion

Reported Reported

Account Type: Installment Installment

Account Number: S0011XXXX S0011XXXX

Payment Responsibility: Individual Individual

Date Opened: 04/2002 04/2002

Balance Date: 09/2003 11/2002

Balance Amount: $0

Monthly Payment:

High/Limit: $3,781 $3,781

Account Status: As Agreed Collection

Past Due Amount: $0 $0

Comments: ORIGINAL CREDITOR: SUNTRUST BANK LAST REPORTED DELINQUENCIES: 08/2003=I ,07/2003=I PAID COLLECTION

 

 

STATE STUDENT AID COMMISSI on Equifax

 

 

Equifax Experian TransUnion

Reported Not Reported Not Reported

Account Type: Installment

Account Number: SUNTRUST -S0011XXXX

Payment Responsibility: Individual

Date Opened:

Balance Date: 02/2005

Balance Amount: $0

Monthly Payment:

High/Limit: $2,807

Account Status: Collection

Past Due Amount: $0

Comments: PAID COLLECTION STUDENT LOAN

 

 

And finally......SUN TRUST SERVICED BY VELA on Equifax

 

 

Equifax Experian TransUnion

Reported Not Reported Not Reported

Account Type: Installment

Account Number: -550193XXXX

Payment Responsibility: Individual

Date Opened: 05/2000

Balance Date: 12/2003

Balance Amount: $0

Monthly Payment:

High/Limit: $6,847

Account Status: Collection

Past Due Amount: $0

Comments: LAST REPORTED DELINQUENCIES: 06/2001=I9 PAID COLLECTION STUDENT LOAN

 

 

Absolutely any advice on getting rid of these 5 would be very appreciated.

 

 

 

 

 

 

CC's:

 

WAMU Plat $3500 0 balance

 

ESPN $3000 0 balance.

 

NFCU Plat MC $20000 0 balance

 

NFCU VISA Rewards 10000 190 balance

 

JCPenney $600 0 balance

 

Sams $500 0 balance

 

 

Inq's = too damn many!! EQ 14 EX 7 TU 11

 

I'm also in the process of trying to get a mortgage. Me and the wife found the house we want. 175K. Navy offered my 100% financing at 6.5 fixed for 30 years. Builder is offering an FHA that I have to come out w/ 3% down and the same rates as Navy. I'm leaning towards the builder since they'll pay closing costs if I go thru them. Any advice on this appreciated too.

 

I assume I shouldn't do anything w/ my credit except fixing things 'til the above mortgage goes thru (hopefully).

[lmlittle725]

Getting the the defaults off would help raise you score. Otherwise It looks like you are on the right road and your scores look good.... time and good payment history will further increase your scores.

Edited September 9, 2007 by lmlittle725

[nofire]

The defaults are tough to get rid of...however if you don't agree with the dates of delinquency associated with them...why would you NOT dispute with the CRA's...

[XxX2]

A quick question after reading my own post...it looks to me like the original loaners I defaulted on got paid off by the gov't who I didn't pay either and they started tagging my credit in 2002/2003. Since the original default was in 2000 shouldn't they all be considered 7 years old +?

[KatyG]

SL's are a PITA to try to get rid of. I personally, would get my mortgage through Navy if you are deciding. Your out of pocket with Navy is going to be less because of the Zero down, and clsing costs will be low. Also, they have 100% financing with NO PMI. You need to find out what the payments are on the two... You'll save over $100 a month on a mortgage without PMI...

[sarg]

have you tried to rehab the student loans out of default? consolidation will NOT make the default and derog notations go away.

 

after my student loans were paid on time for 12 months per a rehab agreement, the derogs were erased from my credit reports.

 

are scores from myFICO.com or FAKO scores from True Credit? True Credit scores are bogus and are not what lenders use.

Edited September 9, 2007 by sarg

[XxX2]

They have all been consolidated thru DirectLoans since 2003 and I haven't missed a payment w/ them. Who would I call to try to get them removed?

 

The scores are FICO....my FAKO's are quite a bit lower.

[sarg]

They have all been consolidated thru DirectLoans since 2003 and I haven't missed a payment w/ them. Who would I call to try to get them removed?

 

The scores are FICO....my FAKO's are quite a bit lower.

If any of your student loans are currently in default, call your servicer about loan rehabilitation...which deletes the lates and defaults after the program is complete. Once rehab is complete, you consolidate the loans. However, it sounds like you consolidated out of default...which does not erase the derogs.

 

You can maybe write a goodwill letter asking them to remove the lates.

[XxX2]

Again, i'm not getting what you're saying. The loans are all with DirectLoans now so the 5 derogs I listed in my original post are owed nothing. They all list as "paid collection" so how could I rehab them if I owe them nothing?

 

My 2 main questions are these......The original defaulting was in May of 2000 so shouldn't the original defaults be gone? When the original lenders filed their claims w/ the government and got paid the government then added lines to my CR for them paying off to the original lenders. Are the government added lines tied to the original default date (05/02) or when they paid off the OC (04/02) in regards to the 7 years on my report limit?

[sarg]

Again, i'm not getting what you're saying. The loans are all with DirectLoans now so the 5 derogs I listed in my original post are owed nothing. They all list as "paid collection" so how could I rehab them if I owe them nothing?

 

My 2 main questions are these......The original defaulting was in May of 2000 so shouldn't the original defaults be gone? When the original lenders filed their claims w/ the government and got paid the government then added lines to my CR for them paying off to the original lenders. Are the government added lines tied to the original default date (05/02) or when they paid off the OC (04/02) in regards to the 7 years on my report limit?

sorry, i misread parts of your original post. Yes, sounds like all the defaults should be gone using the May 2000 date. Actually, I think the clock starts ticking from the first late payment that eventually lend to the original default, which would have been months earlier. From what I recall, a student loan does not default until it is 6 months delinquent. Check to student loan forum to be sure.

[LynnInMN]

From what I am reading, CSAC your loan guarantor paid your default claim 04/2002. For the purposes of student loan reporting, this is really the only date that has any meaning. Sun Trust is lender/servicer and open dates have no bearing on student loans.

 

Federal law requires that student loans report for the full 7 years from the date of paid claim or the date that your guarantor paid out the default. So they are not due to drop off until 2009.

[anewday118]

"As of 9-3 my scores are EQ 677 EX 698 TU 704."

 

 

I would be happy with your scores right now