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mrsP2b

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Everything posted by mrsP2b

  1. I was BK 7 discharged Aug 05. Zero debt since then. No cc since then, either. I was just put onto my mom's cc as a joint account 2 months ago. current ave score ~ 615 what kind of auto interest rate should I expect to get????
  2. We are pre-approved, but at 8.5% interest..... We're told to pay a company to clean up our credit for 3 months & refinance for a better rate. #1) good idea? #2) When can I apply for a credit card? I heard it's not good to do so within 6 months of getting a mortgage loan? #3) Is VA home loan better than conventional in our case? We're waiting for approval on that. Background - Bk 7 discharge 10/04. ave. score 610 (DH is a little worse). No debt now, no car loan, no credit cards. Tried cleaning reports best I could.
  3. So, it's NOT good to get an unsecured credit card 6 months prior to getting a home loan??? Why? Is it OK to get a SECURED credit card prior? What is the difference in the cards, regarding getting approval for the home loan? Thanks!!
  4. I was discharged Chp 7 in 8/04 and have been debt free ever since (no car loan, no mortgage). I want to get a credit card to begin building back my credit. DH & I *hope* to buy a home this spring ($200k), and I hope to improve my credit by then with this credit card. What general card should I get? I plan to pay it off every month & not carry a balance. T 617 Eq 636 Ex 597 Please help me with any tips, advice, etc for raising my fico scores in order to get a mortgage. How long before I'll notice a change on my reports? Can I qualify for a mortgage with the scores I have now? We make about $75k per year total and my scores are better than DH. Any advice appreciated!
  5. I did contact my lawyer about it, and they said it's in my hands to work it out. What I'd like to try is getting it removed as 'not mine' first. If that doesn't work, per my lawyer, I'd have to send them my BK paperwork proving it was included. Do I have a chance to remove it as not mine???
  6. I was discharged with Ch 7 in Aug 04. Cap One STILL says I owe $15k, even though this was included in the BK. How do I go about fixing this??? What sample letters can you show me? I can't get a credit card, mortgage, or even a new apartment. HELP!!!!!
  7. what does "seasoning" mean? I had Chpt 7, not 13. What does that mean for me?
  8. REVANS - just curious, how much do you think we could qualify for? What interest rate do you think we'd be around? We're in the chicagoland western suburbs.
  9. _______________________________ I'm guestimating at my actual scores b/c they're not in front of me, but they are around 590, 618, 620. We have NO credit cards, thus NO debt at all. The car payments were $200/month for 4 years. *** What is "DTI", and what does "50-55%" mean?
  10. Husband & I have terrible credit history. Before we were married, I filed Chpt 7 & was discharged Aug 04. Before I did, I had multiple late payments & bounced checks. Since then, I have one medical bill that should've been included in bktpy + on all 3 CR's it says I owe a balance of $15k to Bank One, which was also included in bktpy. ** How do I fix these two incorrections? Before we were married, Husband had multiple late payments & non-payments on utilities & 3 credit cards. Balance range from $100-$500. He bounced multiple checks, but paid the banks back. I understand we are in a terrible spot, but want to buy a condo/home for about $150k. We can save $2k/month, and have $5k saved so far. We don't plan on more than 3% down. ** Do we take advantage of VA home loan, or 1st time home buyer loan? What's better? We realize we'll have to pay a higher interest rate, and are ok with that while working on re-establishing our credit. We want something on the cheapest end possible in our area. We can get letters from our landlord proving we've paid our rent on time every month if that'll help. I've also paid my car on time each month for 4 years. My average FICO is about 618. His is a little lower, about 600. Before my bktpy my FICO was 720+, so I have major potential to get my life back on track! All our financial problems were due to his health, which is now on the right course. Soooooo, if there's any mortgage lenders out there, would we even be able to qualify for a loan???? If so, how much & at what interest rate? If we go talk to someone in person, do they charge a fee? What's the procedure to begin pre-approval? I should add, I make $46k/year minus taxes. Husband gets disability $2k/month with no taxes taken out.
  11. I wanted to know if anyone found out what CRA different credit card companies look at? My 3 CRA reports vary slightly, and I want to make sure whoever I apply for looks at the better CRA report. THanks!
  12. Forgive my ignorance, but what is "OC/CA" stand for? CRA is credit report agency = experian, trans union, equifax - right? If that's the case, the CRA's are asking for my ss# and full account number. I can't remember which of the 3 asked, but I didn't know if it was safe to send that through the mail, and how many eyes it'd pass through till it go to the right person.
  13. HOW DID YOU REMOVE THE BKPTY AND COLLECTIONS, ETC.?????? Do you have a letter template you can share? I had Chpt 7 discharged 08/04 and don't know where to begin disputing. I've been reading this site for a long time, but can't find a good clear-cut way to going about disputing the bkpty and collections and late payments. Thanks!
  14. How do you delete Bk off your credit report????
  15. I see some people saying they check their credit report everyday (to see if something's being changed) - do you have to pay every time you check it? I know at myfico you can view the report for x days, but does it show updated reports or just the one you paid for 2 weeks ago? Is it better to buy straight from the credit reporting agencies' websites, or through myfico? I need to dispute a huge mistake, but my fico doesn't give me a full account number (it reads 434-xxx-xxx) and the letters back from the CRA say they want the full account number. WIll their websites give those to me?
  16. On all 3 of my credit reports it says I have a balance of $15k with Bank One, although they were included in my Chpt 7 bkty 08/04. I sent a 'not mine' letter, but two got back to me saying I needed to include my ss# and my full account number. On myfico.com's reports, they do not give full account numbers. SHould I purchase each individual credit report from their websites? Will that give me my full account numbers? Should I give them my ss#? I definately don't feel it's safe in a letter. What should my 2nd letters state? What do I do about the 3rd credit reporting agency that never got back to me (way after 30 days)? What should that letter state? This is a very large balance & I cannot even get a credit card. I want to rebuild my credit, but I am desperately depressed about the lack of progress from them. What can I do? What should I state in these letters? Should I dispute online on their websites? Should I just send them copies of my bkpty paperwork proving it shouldn't have a balance??? HELP!!!!
  17. I received the same letter asking for my ss# and my account # - although on my credit reports from myfico.com they do not give full account numbers. 1) What will the response letter say about not giving out your ss#?? 2) Should I order each individual credit report from each of their websites (instead of my fico)???? Will those give me full account numbers so I can go ahead with the disputes???
  18. I am completely clueless as to how to buy our first home. We've been married a few months. My husband is a disabled veteran, so we'd like to know which is better - VA home loan or 1st time home buyers? I was discharged with bk 7 in Aug 04. Credit scores are around 580, 610, 620. His are about the same, bad credit history. We have zero debt now, zero credit cards. We own a car. My income is $43k and his is $27k but no taxes get taken out (disability pay). $5k in the bank. can anyone give me some insight at what we're looking at? IF we can get a loan, which is better for us? How much can we afford? What are our first steps in the home buying process? Who do we talk to first?
  19. What should the 'inaccurate' letter look like exactly? What else do I need to include with the letter? (ss#, copy of myfico's credit report from that particular CRA, etc.????)
  20. Ok, here's my shortened story. I was discharged with chpt 7 in August 04. All 3 of my credit reports now say "Bank One, balance $15k, charge off as bad debt" or something to that effect. But this was including in my BK, and so shouldn't it say "Zero balance, included in bk" ????? That's what all the other accounts say. This account is closed & no longer mine at all. So I wrote the 'not mine' letter to all 3 and 2 came back saying it is correct, or that I have not provided them with enough info (???). What do I do now? Include the bk paperwork proving it? What do I do about the 3rd cra that never even responded to me?? I of course wanted to see if they'd just erase that account off my credit report altogether. The problem is them saying I still have a $15k deliquent balance! I can't get a credit card, apartment, much less home loan. HELP!!!!!!!!
  21. I DID have those accounts, but they were both included in my bankruptcy. Everything else says "zero balance included in bankruptcy", so I am assuming those should too! Those accounts were closed 1.5 years ago! What does "TL" mean? WHat does "opt out" mean? Who do I write the letter(s) to - Experian or Bank one & JCPenney? So, just by stating these are not mine, they should be removed? What if they won't remove them? What's my next step?
  22. I was discharged with Chpt 7 bankruptcy in Aug. 04. Shouldn't these say zero balance included in bankruptcy??? Can someone give me a template & WHO it should go to? (credit card companies or to Experian?) PLEASE HELP! I can't get a credit card, or an apartment without fixing this!!!!! Experian says: - Bank One, last reported Oct. 04 balance $15,000 "unpaid balance reported as loss by credit grantor" - JC Penney, last reported Apr. 04 balance $750 "account deliquent 180 days past due date"
  23. Can someone please help me write letters to fix my credit report mistakes below????? I've looked at the letter template forums, but I have no clue what to do for each instance!!! Please write it all out in lamens terms (no abbreviations, I don't know what they mean). In each instance, WHO should I send the letters to (Experian, Transunion, Equifax or credit card company for example)? I'm not familiar with the correct/exact wording I should use!!! HELP! I was discharged chpt. 7 in Aug. 04 and checked my credit report recently, but there are a few mistakes on it. What letters exactly should I use? Problem #1 - Experian - Bank One, last reported Oct. 04 balance $15,000 "unpaid balance reported as loss by credit grantor" Shouldn't it say zero balance included in bankruptcy??? Problem #2 - Experian - JC Penney, last reported Apr. 04 balance $750 "account deliquent 180 days past due date" Shouldn't it say zero balance included in bankruptcy??? Problem #3 - Experian - (car payment company, car now paid off & all payments made on time!): says Aug. 04 - Dec. 04 charge off/collection/bankruptcy, 90+ days late How do I dispute the late payment accusations? Who do I write the letter to? Problem #4 Equifax - Bank One (same as Experian) balance $15,000 "bad debt/collection, 120+ days past due." Shouldn't it say zero balance included in bankruptcy??? Problem #5 Transunion - Bank One (Same as above) balance $15,000 "charged off as bad debt" Shouldn't it say zero balance included in bankruptcy?? Problem #6 Transunion - Sears "current status: unrated or bankruptcy" This above account was closed Oct. 2000 in GOOD STANDING, all payments made on time, and was never even included in my bankruptcy! What do I do in this instance?
  24. Can someone please help me write a letter(s) to fix my credit report?????I've looked at the letter template forums, but I have no clue what to do for each instance!!! Please write it all out in lamens terms (no abbreviations, I don't know what they mean). In each instance, WHO should I send the letters to (Experian, Transunion, Equifax or credit card company for example)? I'm not familiar with the correct/exact wording I should use!!! HELP! I was discharged chpt. 7 in Aug. 04 and checked my credit report recently, but there are a few mistakes on it. What letters exactly should I use? Experian says: - Bank One, last reported Oct. 04 balance $15,000, "unpaid balance reported as loss by credit grantor". - (JC Penney), last reported Apr. 04 balance $750, "account deliquent 180 days past due date" * Shouldn't the two above say zero balance included in bankruptcy??? - (car payment company, car now paid off & all payments made on time!): says Aug. 04 - Dec. 04 charge off/collection/bankruptcy, 90+ days late * How do I dispute the late payment accusations? Who do I write the letter to? Equifax says: - Bank One, balance $15,000, "bad debt/collection, 120+ days past due." * Shouldn't it say zero balance included in bankruptcy??? Transunion says: - Bank One, balance "$15,000, charged off as bad debt" - Medical collection, balance "$300, charged off as bad debt" - (JC Penney), "balance $750, 120+ days past due" Shouldn't the three above should say "$0 balance and included in bankruptcy"?? - (Sears), "current status: unrated or bankruptcy" This above account was closed Oct. 2000 in GOOD STANDING, all payments made on time, and was never even included in my bankruptcy! What do I do in this instance?

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