I am ESTATIC to report that we have an appt. with a mortgage underwriter next week. It looks like this thing may just be doable! Thank you all for your help . . both past and future : )
Hello beesknees, can you please tell me what website you are using to look up your credit report and dispute it. Also can you dispute it directly from the website? I'm looking for a good website where I can view and moniter my credit report and score from all 3 bureaus. Thanks.
None of the 3-in-1's will allow you to be able to dispute across all three bureaus. The major problem with 3-in-1's is that they reformat the data that they receive, so it's challenging to say that the errors in your credit report, are actually in your credit report, of if they may be some translation error.
I pull my credit reports from usaa.com. I dispute items on the CB sites directly (equifax.com, etc.). We looked at the house we want to buy yesterday and fell in love. I called the mortgage guy and we were able to move our appointment up to this Thursday at 8:30 am. We are praying hard that all goes well for us. I'll report back as soon as I know something. I'm excited, but I'm scared to get my hopes up too much. I feel like the mortgage guy (who is actually the underwriter himself) would not meet with us if he didn't feel like we could do something now. This is a very nerve wrecking experience!
The fact that you're working directly with the underwriter could be a very good thing. Hope the meeting goes well for you!
Well, we had our meeting this morning and we are SO close. Hubby's credit score is 619 and it needs to be 640. We are working hard to boost it up quickly with a secured card and disputing one last thing on his file. We are trying to work out a deal with the homeowners to lease to purchase. We only need to rent for about 5 months and then we will be where we need to be to purchase (if not sooner). We're getting close! I do want to share one thing I learned today. The underwriter told me that the score you get on myfico.com is not real. They lenders pull a different credit score that they have to pay for that is NOT the same as myfico.com. Anybody else heard this?
The scores sold by FICO on myFico.com are certainly real FICO scores, but you have to remember that there are different versions of FICO scores too. A lender could be using a newer version, which could generate slightly different scores. Also, you don't even have access to your Experian FICO scores anymore, but lenders still do.
Update~ Today is 8/20/12 and we have been in our dream home since July 28. We are in a lease to purchase situation and will be buying at the end of October if all goes well. I have managed to settle a little over $23k of debt for $5k and expect to knock off the smaller debts that are left within the next month. I cannot thank the good folks on this board enough. I read and re-read the information on this board and took the advice of the long-timers and I feel very good about what I have accomplished. To those that are just starting, I offer this advice - do not give up. If one person tells you no, keep trying. Eventually, you will hit the right person on the right day and things will work out. Hang in there!
Awesome, thanks so much for coming back and giving us an update. It's always great to hear a success story! If you have a few minutes, please leave a quick testimonial too. And good luck moving towards your home purchase in October! As always, let us know if you have any further questions and we'll do our best to help out.
Update: We have an appointment tomorrow with the mortgage broker. He pulled our scores and hubby's is way up there and mine is just shy of being 640. I have now managed to have everything deleted from my credit report except for 2 collections totaling $364 which I'm just going to pay because disputing them has not been successful for me. I am so proud of my hard work and can't wait to be an official home owner! I'll update more after tomorrow.
Wow, I just logged back in to research something and I realized I left you guys hanging since last year. I am happy to update that we were able to buy our home in October of 2012 at 3.25% fixed interest. Since then we have continued to work on our credit scores by using our secured Orchard Bank cards wisely. In fact, we just received a letter this week that both of our cards are now with Capital One and both are now non-secured! They are sending us our $400 deposit back. We also just this week were able to refinance a car we purchased last March. When we bought it our scores were awful and we had to pay over 24% interest (gulp). We made every payment a month ahead of time and we were able to walk into our credit union this week and refinance at 4.25% interest and save $103 per month on our payment PLUS we only owe 36 more payments instead of 48. Things are definitely looking up for us. It's not over yet though . . . I received a letter from Midland Credit this week on an old debt. The debt is not on my credit report yet and I hope it won't be. Just wanted to update to give you guys hope. Hang in there, it's a grueling struggle but worth it in the end.
Congrats beesknees! Very impressive...going from 24% to 4.25% AND shaving 12 months off the loan. And your mortgage rate is excellent too! Per the Midland LTR....how old is the debt? out of SOL? possibly even past the 7YR mark? I'm sure I don't need to tell you this, but don't just ignore it....you might just make some money off them
