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Txgirl

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  1. Thanks so much for all the great suggestions! Oldest acct 21 years. So that would have been when I turned 18. Average age is 7.5 years.
  2. what do you suggest I do to fatten up my file? The auto trade lines are fairly new so that seems like a factor loan balance to loan amounts. Hopefully when the new mortgage gets added my score Increases. Thank you for the advice! I appreciate it! I worked so hard to get the excessive debt off my report and I feel like I’m being punished for trying to have a good credit report!
  3. Just refinanced and mine dropped 40+ points. Excellent payment history and no other problems. 2 auto loans, student loan, 1 (and almost 2) cards with $0 balance and one other card under 50% utilization.
  4. It’s from Experian and it says it’s a FICOSCORE 8. Thanks for the info! We just paid off about $35k in credit card debt last December and just paid off $4k on one card and $4k on another. We just don’t have a variety or much debt so far. For the credit card that does have a balance it’s under 50% credit utilization and should drop to 25% utilization here in the next month or so and then the remainder paid off within a year.
  5. Just refinanced our home and received a 42 point drop in credit score. 742 to 700 Here’s what I have on my report: mortgage closed 2 auto loans 1 credit card $0 balance 1 other card that is about to get paid off 1 credit score under 50% utilization student loan All my accounts are current and reporting as paid on time. Never had a late payment. The new mortgage company has not been reported as of today. Just never had that jump in credit score especially a lower number.
  6. I’m in Texas and took out private student loans they went into repayment in 2009 (ish). One of them stayed with the original bank and I made payments every month for 5-6 years. They finally issued a 1099-c but we were insolvent. So the other private student loans we will get collection letters for whatever debt collector that they assigned to collect. On the back of the statement it clearly says they the debt has passed the SOL to sue or report on credit report.
  7. Wow! I’m in Texas and took out private student loans they went into repayment in 2009 (ish). One of them stayed with the original bank and I made payments every month for 5-6 years. They finally issued a 1099-c but we were insolvent. So the other private student loans we will get collection letters for whatever debt collector that they assigned to collect. On the back of the statement it clearly says they the debt has passed the SOL to sue or report on credit report. I would definitely figure out who took out these loans!
  8. I apologize. Cancellation of Debt and was issued a 1099-C. Provided documentation to my accountant and we were considered insolvent. Our liabilities exceeded our assets. According to the letter from the creditor it stated that after they issued the 1099-c then there was nothing further between us and the creditor. It fell off of my credit report many years ago. I’m assuming (and hope I’m right) that it would not hinder anything while we are refinancing our home. We have 750 credit scores and no late or bad reporting on our CR. Just didn’t know how this would work and if it doesn’t even matter about the 1099-c. thanks
  9. In the process of re-financing our house. Had a debt discharged and was issued a 1099-C. claimed insolvency didn’t have to pay any taxes on it for my 2019 taxes. I live in Texas so it dropped of my credit report many years ago so we don’t have anything bad on our credit reports. The mortgage company wants all the pages of my tax return. On my schedule 1 it shows $0 for the debt being discharged but to refer to the page that shows this dissolved debt. is this going to hurt me?
  10. We were sued and hired an attorney who stated the SOL was like that of a credit card. Day before court the lawyer suing decided not to pursue any further. I get letters a few times a year from different debt collector agencies with a settlement amount and a disclosure stating that due to the age of the loans they can not sue me or report to the credit agencies.
  11. Awesome info! I’m confused though.... You have to show that you are unable to work but within the 3 years after the discharge you can make employment wages for the amount of a family of 2 within your states poverty level. So can you work after they are discharged?
  12. 👆 is what they do. Is call them and just inquire. We are right under $10k left and hubby’s score is 750 and mine 730 compared to what it was previously...650’s.
  13. Check out the income based repayment plan.
  14. This is awesome! My husband is a state employee and has about 2 years left of the 10!
  15. We are using Greenpath and it’s been great! Started off with about $50k and down to $11k in debt
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