his true credit scores 581/tu 567/ep 596/eq her true credit scores 634/tu 533/ep 611/eq I started doing my own credit repair about 2 years ago me and my husband both had a middle score of 514 per a mortgage company. so i sent letters out and paid off some old debt only to find out that if you pay off old debt that it pulls your score down lower. We want to purchase a house and i want to have the best score posible to be able to do this. i was told by another mortgage company not to touch anymore of my older items to leave them alone. which there are only 2 on my husbands that are unpaid and one on mine that is unpaid. together we have 5 little credit cards and i have one large one. i have a auto loan on mine. all of these are in good standing never been late. i have recently sent out letters agian on some of the older stuff to see if i cant get them just removed and maybe our scores will go up a little. i am hoping anyway. i guess what i am getting at is i feel that my scores should be a lot higher by all the stuff i have been taking care of. i also wanted to know how long it normally takes to raise a score? once the item is deleted do you get the points back right away or does it still take time to regain the points.
It depends sometimes it helps.Do you have any bank loans?You could get a small loan from a bank don't need to spend it just use it to pay the loan back.Crown jewelers is a good online account just buy a pair of earrings,they also report to cra.And some times it just takes time.
Well the auto loan is through GMAC Financial. we have a Paypal buyer credit account, target card, capital one, and 2 orchard bank cards...i cant seem to get a regular bank loan because we had a forclosure almost 3 years ago and everyone is frowning on that so it is really hard to get new credit.
Do you have overdraft on your checking same as a loan should report.I know about hard to get a loan i just got a $300 loan to help buy heating oil.
Your problem may be that while you're deleting derogatory items, those account for most of your history. It is a double edged sword so to speak but, deleting even old derogatory items will reduce your history. In other words, you may be suffering from lack of history.
In addition, True Credit scores are worthless. Check your FICO scores per myfico.com and see what those are. They may be higher.
thanks for the info... i have another question? what is over the limit checking and do all banks offer this?
It's a small loan thats tied into your checking and when you go over the limit it pays the check.Alot of banks do credit unions do.You would have to check with your bank.
Some banks report them as a line of credit. Some but, not all banks offer this and some approvals are contingent on your credit scores from my understanding.
