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  1. I need advice on how to get out debt. I'm struggling with piled up mortgage fees right now since I lost my work in this pandemic. Thankfully, I got hired again recently, but am now dealing with a load of debt to pay off. The total mortgage that I need to pay of is roughly $50,000 with late bills which is roughly about $15,000. I came across a website and learned a bit about debt consolidation but I still am struggling on where to start... Any suggestions and recommendations will certainly be helpful in my situations. Thank you in advance.
  2. Hi, I have been away for a few weeks dealing with this stuff, and I have been hesitant to post about this, but I've been not making much progress and I was hoping someone could help point me in the right direction (if there is a direction at all). This is really long but I don't want to mislead anyone about the complicated aspects. In previous threads, I've said things to the effect of I was unlikely to need a mortgage in the next 5 years, but of course, that has changed. Nearly seven years ago I bought a house with my parent in that parent's name; I am not on the deed and I know
  3. It’s a long post but, where do I go from here? I am not sure what to do next. Do I just pay everything off and only charge a small account to one or two cards and pay them off every month or is there more to it? My goal is to buy a house. Hopefully by next summer. I, unfortunately, listened to Credit Karma before I did more research and opened more cards than I probably should have and charged a bunch but, I will have all the balances back at zero in 2-3 months at most. Here is what I am doing: paying all current credit balances to zero with no more ch
  4. Hello, I am a long time member but I have been away for a long time. I am looking for some advice or just opinions that I am doing the right thing! To start I am looking to buy a home by the end of the year! My Current Situation: AMEX: Opened Feb 2012 / Balance $0 / Limit: $6700 / One 30 Day Late Payment Barclays: Opened Oct 2019 / Balance $387 / Limit $1000 / No Lates Capital One: Opened Dec 2010 / Balance $202 / Limit $5750 / One 30 day(Feb 2019), One 60 Day Late (March 2019) Discover: Opened June 2020 (0% Balance Transfer) / Balance $9343 / Limit
  5. Hi, Does anyone have any suggestions for getting a modification with Mr.Cooper. They have frequently denied me even though they messed up my original modification.
  6. Hi. Thanks everyone for push out of hopelessness. My scores have increased about 30 points each, and this without reflecting that I paid off a $2500 installment loan a week ago. Total paid off is about $7000 in 6 weeks. · My goal is to buy a home with an FHA loan around October 2021. · I have $2000 per month to put toward resolving these negatives. · I don't know if I can call BBVA and Net Credit and work out payment arrangements, or if I need to have all the money now. Scared to call—I keep hearing “don’t talk to them.” My question is what
  7. So my mortgage was with Ditech and they folded, and now Shellpoint owes it. This one was in 350k range. It about 10 years old. I also have a 2nd mortgage in the 60k range. So it just reported closed. The following occurred. My TU FICO 8 fell from 722-708. FICO 9 fell off a cliff 764-709. FICO 8 bankcard 771-718. FICO 4 took a nosedive. EX dropped 2 points. I have a baddie that will drop in FEb/March so I think that had something to do with not a great loss. Just goes to show that having a conventional mortgage
  8. Hi everyone! Just joined the community after hearing great things on an number of personal finance forums. I'm trying to rebuild my credit so that I can get a good mortgage hopefully by the end of 2020. Specifically, I'd like to increase my score from 568 to above 700 -- I know that's ambitious. Some positives. Several weeks ago, I paid off the remaining balance on my CC debt. I'm now in the middle of consolidating my student loan debt, which racks up to about $42K. I'll begin making monthly payments as soon as that process is complete. The not so good. The student loa
  9. I had a rental property that was part of a business dealing that went bad. The property was on the brink of foreclosure when we were finally able to settle and sell. Bank (and taxes, HOA, etc) all were paid in full. This was not a short sale, or settlement of debt. Realistically, when would I start to see my credit score increase? This house was the only negative on my credit report (unfortunately a large one) and was nearly 2-years behind when everything was resolved. Score dropped about 150 points when the payments were falling behind. Other debt is minimal. Ju
  10. I live in Illinois. We have a defaulted 2nd mortgage that is over ten years old. The statute of limitations in Illinois for written contracts is 10 years. The 2nd was taken out in 2005 stopped making payments in 2007 and filed for BK in 2009. Besides their lien still being attached to my home, I can't see any situation where they can foreclose this late in the game without me making a payment starting the statute of limitations all over again. Thoughts??
  11. Hey guys I'm currently looking to get a mortgage loan. In order to do this, I need to do some tinkering. My Credit Score on FICO 8 is in the 770s - 780s. However, FICO 9 shows at 699 from Experian. The reason is that CitiBank has not yet reported it's new balance to the Bureaus. The utilization on CitiBank shows 110%. It's been at least 60 days, and still nothing (even though I closed the balanced to close to 0% on each statement). They're being quite the inconvenience currently with their delays. Any suggestions? What can I do? This FICO score
  12. I will try and make this as short as possible. I live in Illinois, bought my home in Jan 2005, and took out a HELOC in April of 2005 with E-Trade. Defaulted on HELOC in late 2008 with E-Trade Filed BK 7 in December 2009 and Discharge in March 2010 the E-Trade loan was never reaffirmed during BK. The loan was sold to Specialized Loan Servicing (SLS) in January 2014 without me knowing or getting notification from either party. Neither showed up on my credit report. I new the BK protected me from being sued for any balance left if I sold my home at a loss were the junior lien holder (E-Trade / S
  13. My PRIVATE loan from 15+ years ago defaulted over 2 years ago, result of unemployment and huge minimum payments I couldnt keep up with increases of. $50,000 UNpaid PRIVATE student loan. Defaulted 2 years ago. Have not paid since; dont plan to. Settlment offers are half, which I obviously dont have- and at my low income level, never will. I have NO interest in setting up payment plans that would last for decades. Now I got a new job this summer, $40,000 a year. Previous annual income: <$20,000... finally have a $40,000 income here which is liveable. Have roommates, no car,
  14. Lender's attorney sent an FDCPA validation notice and filed for foreclosure suit (judicial foreclosure state) before the end of the validation period. Since the attorney held themselves out as subject to the FDCPA , is this a violation?
  15. or are they just considered cosmetic /maintenance on a 1952 home 1. most new windows approx 10K 5 to 10 years ago 2 new boiler/hotwater heater system plus conversion from oil to gas 9K 9 years ago 3. complete perimeter house drain system 12K 9 years ago 4. new roof 12K 4 years ago
  16. Hello everyone, my wife and I are looking to finalize some last minute strategy before we pull her credit to try to obtain a mortgage and get the highest possible score boost. In order to grow her score the past several years I added her to some of my oldest and/or highest limit cards as an AU, but I do have a few balances albeit with very friendly balance transfer rates. In the meantime we've been solely attacking the cards that are in her name only. Here's what her report showed on her most recent pull (696 EQ middle score, TU was 702, EXP was 685): Amex BCE
  17. https://money.cnn.com/2018/08/04/news/companies/wells-fargo-mortgage-modification/index.html Wells Fargo said the computer error affected "certain accounts" that were undergoing the foreclosure process between April 2010 and October 2015, when the issue was corrected. About 625 customers were incorrectly denied a loan modification or were not offered one even though they were qualified, according to the filing. In about 400 cases, the customers were ultimately foreclosed upon. The embattled bank revealed the issue in a regulatory filing this week and said it has set aside
  18. I received letters from the IRS today notifying me that my taxes from 2005 and 2006 were sent to private collections. I thought I paid those two years but I learned about the IRS claiming they were overdue 9 years later. The amounts were way higher than I could have possible owed and only a year away from expiring so I just ignored them. I have great credit (830ish) and will be buying a home in a year so I'm freaking out over this. Could these hit my credit reports even though they are 10+ years old? Will I get constantly harassed on the phone now? Can I negoti
  19. Hi, long time reader/lurker and I've used the great advice here to improve my score from the high 500's to EQ 719, TU 740, EX 744 (those are my FICO 8 scores). My mortgage scores are EQ 668, TU 692 and EX 679. I am in the process of making the purchase of a home in Los Angeles that requires a jumbo loan. I am putting down 20% but can't do more without selling something first and a contingent offer is a no go for sellers. My debt to income ratios and the rest of my financials are solid. Ideally I need a middle score of 700, but I can get the loan with a middle score of 680. I did pay down a fe
  20. We have a current VA loan for our home (not paid off and 8 years old). However, we want to sell and move to a bigger and better house. We thought we read something that said you cannot get more than one VA loan ever...is this true? We would love to use VA again since we didn't have to save up for a HUGE down payment. Thanks in advance!
  21. Hello, I have a home that was being rented out by a 3rd party company after a divorce that has been in foreclosure for more that 2 years. The home was supposed to be a lease to own for the tenants but the company went under and just abandoned all the properties. The foreclosure process then began in late 2010. Since then the mortgage has been sold to several lenders over the course of this time and appears on my credit report multiple times. It also is still pending now. I'm not sure what to do or if there is anything that I can do to speed this process along so that I can begin to repair
  22. Hi guys, Well, I've been trying to buy a house, I was shooting for a conventional loan but just found out that since I had a short sale I don't qualify for a conventional per new rules (funny, earlier in the year I was able to do conventional, who's making these rules? lol), lender said FHA will work. Is there any loophole that allows me to do conventional? If not I still want to see what you guys think about the numbers under my situation. This is my situation: - short sale in november 2011 - 680 credit score (thanks for advice was able to take out some disputes) - 130K price
  23. First off, wasn't sure if this or regular credit forum was the right spot. Feel free to tow if necessary. Also, I get a little over analytical and long winded at times so I apologize in advance. TL;DR version: His 630ish, Hers 700ish. No baddies/negs just really high utilization. Can we get scores up in 6-9 months at earliest? Or 12-18 months? This is my first thread. I've been reading a bunch all weekend, stumbled upon CB after googling something and it's been a pretty good resource. A little about me, 27, married just finished grad school and started my first "real" job in August. Ha
  24. Hello all, I've been lurking and searching to see if anyone has asked about this particular situation before and came up short. I have a vague idea of where we stand and what we should do but would like a little more specific guidance, if you guys don't mind. Here's the rundown: - My fiancé and I are getting married sometime next year (currently trying to lock down a venue & date). - We've both agreed that buying a house trumps having a fancy wedding. - We'd like to buy sooner than later. My credit Scores: EQ 660 - TU 624 - EX 612 Negative factors: EQ is reporting one c
  25. Hi, I'm a newbie but I did a little cleanup of my credit 2 years ago using the online disputes, now forward 2 years at the end of last month saw a house that I loved so decided to try to buy it, checked my credit score on my equifax online account and it's at 604 so I'm afraid I might not qualify for a conventional loan, one of the big problems is that I had a high credit card debt ratio with my 5 credit cards (also some settlements and a short sale), about 95% utilization, so immediately called my credit card companies and found out what day they report my new balance to the credit bureau
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