Great Thread.... I'd like to throw my hat in the ring.
Never BK'd but was a 'ghost' for 10 years as previous past dues ran past their SOL.
I started rebuilding in 2003 with a used auto loan and scores in the 590's. In 2008 I purchased a house $350K FHA 5.85% fixed. Then in October 2008 my scores dropped due to high ute and my CU banks canceled two lines of credit (Redi Cash Loan-$8500, Visa-$2500). I've been crawling out of the rabbit hole ever since.
(2005)Orchard Bank- $1350
(2005) Best Buy HSBC-$1800
(2006)US Airways- $500
(2005) GE Paypal-$300(2007-closed 2008) VISA- $2500 (PIF)
(2007-closed 2008) CU Redi Cash Loan- $8500- $2300 balance. On time pay
(reported as revolving-destroyed me)
(2011)Cap One Plat M/C- $7500
7-yr credit history. 1-30 late March 2007, 1-30 day late Nov 2008. On time since
Refi on house assured in June (already pre-approved just waiting for new PMI rates to take effect). Hoping to lock in $330k under 4%. So I'm holding on changing credit till then. After that I want to close the GE Cap. My ute is always 40-50%. Everytime I add new credit my scores dump 60-80pts. I had a 30 day late in Nov which I successfully disputed. My scores dropped from 680-590. So adding new credit has not been fun.
Edited by ukikkgr, 27 April 2012 - 08:09 AM.