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  1. I didn't mean the post you quoted in the way you interpreted it. If he overextends himself again, he is going to merely perpetuate bad credit for additional years if he misses mortgage payments. If he can remedy whatever circumstances that caused the delinquency, he can have his house and rebuild his credit so he doesn't have to worry whenever financing large purchases in the future. If my post came off as caustic that was not my intent.
  2. Will NFCU even release the lien to allow a refinance at this point?
  3. What's non PP? The browser won't give me the little pop up when I scroll over for some reason.
  4. Mortgage lenders don't routinely charge interest rates in excess of 20-30+%. And unlike credit card purchases, housing isn't a luxury expense. While it is true that some individuals foolishly use credit cards to finance luxury items and may not deserve sympathy, many more individuals are forced to use them. I don't advise using CCs to subsidize income, but that reality is that stagnant wages for nearly two decades have forced some to do just this. Think the single mom who lost her husband in Iraq or Afghanistan or someone with an acute disability. Just because you can stick it to people legall
  5. It depends. It's obviously preferable to do a conventional with a sizable down payment, but FHA can make sense to a borrower even though it is a very expensive loan. Examples include markets where rental costs greatly exceed PITI on a mortgage or when housing price annual growth greatly exceeds inflation allowing an equity nest egg that can possibly bail them out later.
  6. P.S. I'd you can't hand two CCs with balances below $1k, how are you going to afford a mortgage?
  7. There is nothing to stop these from popping up once the mortgage inquiries show. Companies you defaulted on will continue to pull your credit report (soft check as AR), and this is a permissible purpose under the FCRA as are checks for collection purposes. How much are the COs? DOFD? Possibly. So a creditor was nice to set up a payment plan to help you, and you reneged over something petty? You can forget PFD on the Amex account. Your credit score and mortgage prospects will suffer accordingly. You could have kept the account long enough to pay off the remaining $500! If you wa
  8. Also, how old were the other four COs? Any chance those will pop back on? Lenders will pull reports from all three major bureaus. Also the SOL has nothing to do with removal from a credit report. This is governed by a 7 year period from date of first major delinquency per the FCRA.
  9. Wait out the Chase Sapphire card and try PFD for the others.
  10. Were you never served with a lawsuit? Depending on the statutes or rules of court, you may be able to file a motion to reopen the suit, vacate the judgment, and stop the garnishment. At that point, you could try settling once you verify that you owed the money. Did you not check the explanation of benefits from your insurance company?
  11. When was the last payment? What was the date of first delinquency? Is the debt time barred in your state?
  12. https://www.irs.gov/charities-non-profits/charitable-organizations/requirements-for-501c3-hospitals-under-the-affordable-care-act-section-501r
  13. The law only applies to charitable organizations/non-profit hospitals claiming tax exempt status as 501(c)(3) entities. Do you know this is such an entity? There is no way to know. Moreover we are beyond the 240 day application period. Even if there was a technical violation (doubtful), that is between the IRS and the hospital. It does not guarantee him aid or render the trade lines less valid. @clean_it_up Following the advice given here is akin to taking a baseball bat to the biggest hornet's nest you can find. See a lawyer ASAP.
  14. 1.) Disputing six figures of debt that is within the statute of limitations will almost certainly get you sued. 2.)There is no obligation that the hospital grant him charity aid. What are you suggesting a complaint for exactly? 3.) OP, speak to an attorney before you do ANYTHING.
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