Okay..scores in the high 500's/low 600's, just started this journey 2 weeks ago. I have sent a goodwill letter to the finance company that holds my car loan from the previous company to plead my case (remove 30 day lates). Settled w/Cap1 on an old charge off, will now try to get that sucker off there. Trying to fight w/Providian over a charge off that is not mine. I don't have any credit cards now because I was afraid to open them...before I discovered this site, I thought it would be BAD to have them! Bad to my report...boy was I dumb. My questions for the people who've raised their scores out of the 500's...what should my next move be? I make over $60,000 a year and want to buy a townhouse in the near future...what should I do? Open cards? Which one? I've done nothing for 3 months except pay my car payment on time and my scores have gone up 30 points, but I'd REALLY like a mortgage! I expect a nasty interest rate, but I cannot put 20% down. I'd appreciate advice...you people rock!
I am looking for a townhome in the $145,000-150,000 range...with my current credit scores, I am guessing I'd get a 80 LTV, right? Plus...any strategy for raising scores in a short time? By short I mean by December. Husband's scores TU...625 EQ...621 Exp..650 self-employed 2 years, I am primary wage earner.
