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Thanks

Thanks Brian, This just doesn't seem fair. The alimony actually is a direct reduction of income for tax purposes, so I had hoped it was treated the same for mortgages. The child support just sucks because it's suppose to be based on the cost of raising the kids (3 of them BTW). Since it's an inherent cost of having kids, it shouldn't count against me. For example: if the kids lived with me I would still have the burden of $1500/month to care for them (at least according to family court) so the banks should ignore the fact that it is treated as a deduction just because they do not live with me. In other words "they should treat other families with 3 kids that live with them the same as they they treat me: as if the $1500 was a credit card payment". Oh well, life sucks sometimes.

I was going to wait until next year to try to buy a home, but after seeing some awesome deals out there and being securely employed, I am getting very anxious. (I live in South East Michigan) Here's my problem though. I make about $7800/month gross, but I pay $1000/Month alimony and $1500/month child support after tax deductions. Both are shown on my paycheck as "legal proceedings - $2500" Will these count against my income? If so, can I qualify for USDA Loan due to lower income? My last alimony payment is 02/2010. But I don't want to wait that long to buy a house cause the deals are sooooo good right now. I also have BK in 12/2006 but my FICO scores are all around 700, I think one is above 700 and the other two are just below. I have one installment loan of $150 per month (Student Loans). Should I pull the trigger and shop for a Mortgage? If so, what is best FHA, VA, traditional? I can come up with 3% down plus closing I think. I know this is a lot! Thank you in advance for your help!

The DJIA will go below 4500, then rebound to about 8000, before the Obama money printing machine starts to cause inflation to go hit 10% annual. After that, and the people with money get hit with big tax increases, we will see another depression as they stop spending and start moving there money over-seas to protect it.

My true FICO scores jumped about 30 points. I went from nearly maxed out to zero. But my scores were already in the 670 range. Saw a huge 40 pt increase when my last Collection account dropped.

I never got a reply to any of my Goodwill letters, just saw the TL's updated. Why not dispute them at the same time?

Are you 85 years old and just about to croak? Can you sell all your assets first? Can you put the money in an offshore account shielded from creditors and government prying eyes? Can you put these offshore accounts in your heirs names? Will you send me $50,000? If you can answer yes to all these questions, then by all means go for it?

You don't think any one on CB would take this seriously do you? I worried about this before posting.

Got this in a e-mail today. Anyone want to help poor Mrs. Madoff? I am John Wild, I represent a top company executive in the United States, Ruth Madoff wife of Bernard Madoff the disgraced money manager and CEO of Madoff Securities presently facing charges of a USD$50 Billion Dollar scam in the United States, his business victims includes major Oil Companies, Construction Companies, Banks and top figures arround the United States etc. I have a very sensitive and private brief from this top executive wife "Ruth Madoff" to ask for your partnership to re-profile funds over USD$15,000,000.00 I will give the details, but in summary, the fund is living a Security Company in Western Europe. This is a legitimate transaction but needs 100% confidentiality from you because of the dire sensitivity of the case at hand. You will be paid 40% of this fund for your proposed "Management Fees", to assist her to re-profile these funds appropriately to a new investment location if I am able to reach terms with you. If you are interested, please write back immediately and I will provide further details. Please keep this close to your chest as much as possible; we can not afford to solve the problem if this issue blows up. Write me back immediately as I look forward to it. Yours truly, SEND YOUR REPLY DIRECTLY TO MY PRIVATE EMAIL IMMEDIATELY SO I CAN INTIMATE YOU FURTHER

Chicken

Still works, got $9.95 after calling to cancel And get this, the CSR mentioned that I may even be able to get less than $9.95 after I pay $9.95 for 6 months then call back. So I've marked it on my calendar.

If you have the funds now and are fully comfortable locking that much into a security deposit for nine to twelve months or so, it's fine to make your security deposit $2000 all at once. CLI's per se don't improve your score. For someone whose utilization has been running too high, and if that person then increases one or more of their CL's which lowers their utilization ratio, then for that individual the larger CL helps with scoring from the standpoint that it helps with utilization ratios. The reason that you may have read threads about adding more to a security deposit is primarily because some individuals aren't sitting on $2K cash which is immediately available to plop into a security deposit. Rather than waiting to save up a large security amount all at once, it's recommended to open the secured card with whatever amount that particular individual can spare at the time. Then, while the account is already accruing age, the depositor can save up and deposit more into the security deposit later, if desired. Don't think in terms of six months -- that's generally going to be quite unrealistic. Nine months to a year, usually. Occasionally, very seldom, maybe just a trifle earlier, at eight or eight and a half months. Thanks, currently I have 3 accounts, Orchard $600 (unsecured), Nat City $600 (secured) and FMB $500 (secured). Utilization is less than 3%. I recently applied with Chase and BOA because my scores all went above 700 but, was denied because of a BK in 12/2006. I was advised to take this BOA secured card offer to get my foot in the door with BOA. I am assuming that a large credit line with BOA may lead to being able to get a "good card" with a large CL after my BK goes past 3 years old. Does this sound like a reasonable plan?

You can cry on my CB shoulder as much as you like. I'm not really one for giving advice but I listen , very well.

Are you saying that at six months, your card was transferred to an unsecured card with a CLi?

I was approved for a BOA secured card. I've decided to get the card, but before I send the security, can anyone tell me if it is better to send in $2000.00 all at once or should I open it with $500 and increase the amount every 6 months? Will these increases show up as CLI's, therefore improving my score?