I just paid a providian CC $1000 limit $970 payment balance 0, WIll my FICO go up and by how much? I am still reporting 4 collections and 4 chargoffs which I just sent validation letters to. My open trade lines are cc $3200 limit $2500 Balance cc $1000 limit $0 balance just mailed payment today cc $400 limit $0 Balance cc $500 limit $60 balance Car loan never late. had for 19 mths. My goal is to purchase a house without getting a subprime loan Maybe FHA? FICO as of Friday 546 TU as of Friday 580 Thanks for all your support...
Kat, they look at your last two years credit history - traditional underwriting like they used to use BEFORE they had fico. Any collections or chargeoffs have to be paid off. go to the link I gave you, there is more info
Hi you said fha uses traditional underwriting do they pull all three reports and if the chargeoff is 2-4 years old do they still need to be paid? Thanks for your time. Go RAIDERS JUST WIN BABY
yes, they use all 3 reports - chargeoff/collections have to be paid regardless of age - if they show $0 balance, don't mess with them go to www.fhalibrary.com has answers re: credit, income, down payment, etc
Thank you I have a repo from 97 that says transferd to recovery balance 0 I have been trying to get this off but it is going to take a lot more work, this is the one that has me worried.The other one is for 250 $ and if it comes down to it I will pay
Should I leave it the way it shows or dispute because it shows no balance, I really want it off but if its better to leave it alone I will.
