JustTryin

Providian-->WAMU-->Chase BK early 2003 No AA, yet PIF EVERY month, usually charge $300 to $1200 per month Only one other CC, PIF on that one too. (AA on that one, credit limit reduced, back in May or so) Have mortgage with Chase Edited to add: Opened about 5 years ago. .

Just checked online, and they got me, too. CLD from $6000 to $370. HSBC Discover Rewards Card. Current balance is about $260. I PIF every month, usually charge $200-$300 (in gas) monthly. Account is about 2 1/2 years old. Oh, and I just got my statement in the mail yesterday, and it still had the 6K limit.

Ditech has an online, free, no registration home value appraisal at http://www.ditech.com/calculators/appraisal/form.do It doesn't really give a lot of details on home appreciation, but it seems fairly accurate, at least for my area.

A. Discharge date? Jan 2003 BK7 B. Fico Scores? Mid Score around 670-680 (They pulled credit reports twice and they varied a bit each time.) 1. Loan amount: $178K (House cost $188K) 2. Interest rate: 6.3 3. What kind of loan? 95% financing 30 year fixed 4. Down payment if any: 5%, about 10K 5. Closing costs: about 4K 6. Total paid: 14K 7. Who is the lender? Local Mortgage Broker 8. Income? About $70K/year Oh, we closed about 2 months ago, on September 29, moved in on the 30th.

We also had a foreclosure, then BK7 about 3 years ago. We were able to find a house to rent right away with no problem. We didn't have to pay any extra, either. It was through a private owner, though, not an apartment complex. Good luck to you!

An update... Thanks to the good advice on this thread! My husband and I went and talked to a mortgage broker at Market Street Mortgage last week. I really liked the broker; she seemed to really know her stuff, and they have a lot of different loans available. She called today and said we do qualify for a conventional loan of $240K at about 6% (30 year fixed). MUCH better than the 7.5 our bank offered. :-) I don't know any details yet on the terms of the loan, but we'll go in on Monday and sign papers (assuming it all looks ok). Now if we could just find a house. We really don't want to go over $200K, very max, but our city is going through quite a "real estate boom" at the moment, so I don't know if we can find anything.

I don't see how prices can continue to rise so much. I live in Arizona (not Phoenix or Tucson) and in the last year, maybe last 6 months even, we've been priced out of the market pretty much. A decent house costs about 200-300K now. We make an ok income (about 65K/year) but I don't want a $1400/month mortgage payment; we'd definitely be house-poor. We can rent a nice place for about $900/month, and there are tons of houses for rent around town, especially in the new developments (flippers/investors, I suppose). And there's no way I'm going to go with a risky IO or ARM loan, not after what we've been through in the past. It's frustrating, really. We had a BK7/foreclosure that has just now seasoned long enough to qualify for a good interest rate, but suddenly we can't afford to buy. Incomes here are maybe raising 3% a year, but houses are increasing over 50%/year or more! I just don't see how this can keep going on for much longer.

Thanks Shane..and one more question. Why wouldn't our bank offer an Alt-A loan instead of this sub-prime? Or is this why so many on here recommend a mortgage broker rather than a small bank: more loan options?? I guess I (naively) thought our bank might try to give us the best rate. I knew we'd have to pay a higher interest rate because of our past stuff, but I was surprised that it was almost 2% more than the mortgage rate I see listed on bankrate.com and other sites like that.

We haven't made any type of commitment yet, and I'm not even sure we can find a house at this point (we live in a major "hot" market city and it's a seller's market). We've looked at 2 houses so far, both around $195K, and both were pretty bad. About 25 years old, needed total remodeling, but being sold "as is". :-( Anyway, I went to our smallish, local bank where we have our checking account and asked about a mortgage. Our background: we have a 2.5 year old (since discharge) BK7 and a just-over 3 year old foreclosure. Tri-Merge scores (pulled by the bank loan officer) were: DH: 606, 683, 698 Me: 613, 673, 694 We make about $65K a year. We have 3 years of perfect rental history now, have NO debt, have two credit cards we pay in full on monthly, about $15K saved for downpayment/closing, another $50K in 401K, half of which we could borrow against (but that's a last option.) The loan officer pre-approved us for a 30 year fixed, 7.5% loan. We said we didn't want to borrow more than $185K, so I'm not totally sure what the max would be that we could borrow, since that's higher than I'd really wanted to go. We'd put down about $10K. Payment would be around $1400/month with $120 PMI. I asked her (loan officer) if we could get a better rate with them at all, and she said "no, not with our credit issues. (BK7 and foreclosure.)" So, I'm just wondering if this rate seems awfully high or not, given our history? I'm wondering if I should talk to a mortgage broker, too. (I just don't want a bunch of mortgage pulls right now since we can't find a house at this time anyway...) Thanks

It's by Five for Fighting, and it's called "100 Years". I love that song. :-)

For me, EQ is highest, EX is lowest. For my husband, EQ is lowest, TU highest: DH - EQ: 606 EX: 683 TU: 698 Mine - EQ: 694 EX: 613 TU: 673 ETA: I disputed some accounts that were reporting wrong on my EQ report in April. (They weren't listed as IIB and should have been.) EQ corrected it. We are trying to get a mortgage, so I didn't dispute on DH's EQ report yet, so that might explain why his is so low...)

I ordered my free credit reports back in December. I decided to dispute a few items with EQ the other day, so I bought a new cr. report from them. As far as I can tell, they still have just 30 days. Here's what they say, "The investigation request(s) displayed above is awaiting a response from the creditor, courthouse, and/or other source that reported the item(s) originally.Equifax verifies all credit account, public record, and collection account information with the original sources when you initiate an investigation request. This verification process can take up to 30 days from the date your investigation request was initiated. Investigations because of your FACT Act free disclosure may take up to 45 days." ETA: I forgot to add that the date of my dispute is March 10, and it says it should be complete by April 8, which is 30 days.

At least mine did; it's dated 2/01/05 now.

So sorry about your father-in-law. I searched a bit and found this that makes it sound like it's 180 days after filing, not after discharge: Under § 541(a)(5)(A), property of the estate includes [a]ny interest in property that would have been property of the estate if such interest had been an interest of the debtor on the date of the filing of the petition, and that the debtor acquires or becomes entitled to acquire within 180 days after such date - Link to full article

No, Providian didn't pull TU for us last summer. I think it was EQ. Might have been EX, but definitely not TU.