Home of my dreams and I have a 540 score. Get Financed

I found the home of my dreams,,,, I have a good stable job, but my credit score is 540. The few lenders and brokers I have contacted, treat me like I have a disease because I don’t have a 800 credit score! I don’t believe that every person with a home has perfect credit ( give me a break! ) There has got to be someone out there who can help me (either up my score, or work with me with the score I have). I am willing to work on my credit score for a few months (I really want to move by Feb-March 2009)….
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Do you know everything that is on your credit report and why your score is a 540.
The good accounts
The bad accounts
Everything 540 is below a 640 is below a 740.
homes lenders do not need an 800 scorebut they do need something stable to hang on to. Someone is going to ask your potential lender why did you lend this person money. First you must also realize that going to regular banks that regualry lend regualr people money is not where you should go.
You are irregular.
Then lets talk about the home of you dreams.
Is it affordable for you.
Do you have a 20 percent downpayent.
Have you been on your current well paying job for more than 5 years.
Have you lived in your curent area for more than five years
Have you lived at your current address for more than 2 years.
Have you considered paying too much interest to buy the home of your dreams
Like going to wells fargo for a large interest loan....... well lets start here
what is on your report
bad good ugly

Do we close all our credit cards but one or two to get our score higher

I have been doing a lot of reading and still can’t come to a conclusion on what to do. My husband and I have a credit score of 788. We have had a lot of debt but have always been on time. Recently we have worked really hard to get all our debt paid off. I am happy to say that we only have about $7000 left—we have paid off $20,000 in the last few months. My question is: Do we close all our credit cards but one or two? They all have a zero balance, but I don’t want to hurt my credit score. We are going to be applying for a home loan soon and want the best score possible. We currently have 4 credit cards and 1 line of credit, all with a zero balance. What is the best solution?
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i wouldnt close anything out as it lookss good to have a low debt to high credit credit limit ratios accross all your credit cards
788? good gosh dont worry be happy, my credit union used 684 for the best rates some mortgage brokers will maybe go as low as 5.5 30 fixed
but one normally has to pay a point even with a 788. i refuse to pay points
they have these huge fees, 3500 range for 30 yr fixed.
i think i am gonna sell my house in a few years
i got a 5.125 7 yr ballon with figuured on a 30 yr fixed
closing cost 1200 that way when i go to sell i haven't added 3500, plus a point or like 5000 more
and of course
they say no money down or refis, so what, they do is add the fees into your loan.
that really bother me
one needs to decide how long they are going to stay in the house and make correct decisions
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So how do you get out of paying points? One of my husbands (and mine) biggest gripes is the huge fees we are charged when we buy a home. Tell me how to get around that! The loan costs on a mortgage are outrageous.
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points add on to fees to buy down the interest rate on conventional fixed rate loans
i refuse to buy down rate or pay points PERIOD feees on conventionals
ad up, lenders fee 795, title fee 350, credit reports 35, deed search and on and on.
ask em what they are
they add up to 3000 dollars at most lenders but vary
my credit union will do 2800 but countrywide who has my loan called me and said 6.5 fixed with 3500 fees
i called credit union they said 6.0 with 2700
i called tyrone back at country wide and said DUDE
you have my loan now, you emailed and mailed and called me. and you can't beat my credit union. call me back when you can get REAL

i kept asking for lower fees because we plan to sell in less than
she said the lowest fees go with ballons
the bad end is ones credit could go south in 7 years and it might be hard to refi
OR one thing i found out when i refied this house. My friend with mortagage connection tried hard to get me to finance more and pay a point...... i refused. when i signed the paper i saw on one line that said brokers money. he got paid 3500 range as a percentage and would get like half the points had i paid them. it pi...... me off
i think 4000 to finance my home is too dang much. and i refuse to use a realtor for 6 percent. what are they smoking those crazy people. They have this high paying lobby thing. we are stuck until we break em up a little. it is happening as we speak. forsalebyowner.com gets listed in the mls.
this really p..... the realtor lobby off and they are still fighting-----------------oh i got lost.)^^%$#@@ sorry----------------the interest rate could go up and i might pay more money for a refi later since i plan to sell, i will have to refi anyways o i am willing to risk it, matter of a fact i have to risk it if i plan to sell and the fees are half for a ballon an the rate is lower 5.125 rate, 1200 - 1300 fees
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if you plan on staying
get a conventional loan an d pay th least amount of fees and rate you can call a credit union if you have one
a mortgage brokerand maybe your current lender ask each one to break down the fees.
tell them the best man wins, plain as day but with a conventional you will have to pay those fees you can find places that have lower fees tho

My score is low 500. Get mortgage for home loan

I am trying to purchase my first home. My credit score is in the low 500. My mortage company told me to try to pay off some of the things on my credit record so that my score will go up. 1. I have 30 days to close. will that be enough time. 2. My realtor told me I could do a straight mortage or bond for deed. She had me to sign a contract and now I hear nothing about the bond for deed I am using all my money trying to pay off old debts. Will this help me to meet the deadline.
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you will have to ask your realtor that question
get recipt of payments
use recipts for proof of payment
you can dispute items as you pay them to speed the credit report update process
say paid off in full, or paid as agreed
I did a straight mortgage to get financed on my first home 6 mos later i got a fixed rate mortgage. Is this what the realtor is talking of?

Trying to buy a house

I am trying to purchase my first home. My credit score is in the low 500. My mortage company told me to try to pay off some of the things on my credit record so that my score will go up. 1. I have 30 days to close. will that be enough time. 2. My realtor told me I could do a straight mortage or bond for deed. She had me to sign a contract and now I hear nothing about the bond for deed I am using all my money trying to pay off old debts. Will this help me to meet the deadline.
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you will have to ask your realtor that question get recipt of payments, Use recipts for proof of payment you can dispute items as you pay them to speed the credit report update processsay paid off in full, or paid as agreed I did a straight mortgage to get financed on my first home6 mos later i got a fixed rate mortgage. Is this what the realtor is talking of?

Get a mortgage with bad credit

I need help. I am having to relocate due to a new job and a divorce. After two divorces, my credit score is low…. About 522 or so. I have several credit cards that have been closed and are maxed out with untimely payments. I also have 2 car loans and a credit card with good payment history. The credit card is about 6 to 7 months old and is used for business so it may be maxed out for 30 days and then paid down to zero – about to pay it off again to zero. One car loan I have had since September of 2007 and it has always been paid on time. The other car loan I have had since 2004 and also has all on time payments with only about $4,000 left of a $26,000 loan. All of the other credit cards will be paid off in full over the next 7 days. I have now seen where I should negotiate to have these removed from my credit – what exactly do I need to do in order to accomplish this? How much can I expect my credit score to raise? I make a little over $100,000 a year. I have opted to NOT payoff the car loan that has $4,000 remaining but instead to continue making the remaining monthly payments. After next week, the two car loans are the only debts that I will have. I will also have approximately $15,000 to put down on a home and another $5,000 in the bank. I have found a house that I want and it is going to cost me approximately $145,000 (not including the $15,000 down payment). Got to love Midwest housing prices! Is this achievable and how much would you expect to see my credit score raise and in what time frame? Any suggestions appreciated as I am up against the wire in a town with no rental options…
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many mortgage lenders will insist the old outstanding debts be paid in full befor they can finance youi would ask if you can pay them offhow much they areand how old is the date of last activity you might consider a higher interest rate loan to start with for people with bad credit, but a god job and low debt to income ratio.I want to say it was a baqllon type loan where all i paid was inerest and is easier to quailify forand after6 mos, a year, 2 year try to roll it back into a conventional mortgageusually a local banker will work with local people who have god jobs to get them started I did this with traders national bank in tullahoma tni cannot remember what my score was but not good enough to go straight to conventional mortgageafter only 6 months i was rolled into another conventional loan and i did have to jump through as many hoops as I had been approved and paying on the house for 6 months. the only problem here is most cannot report your payment activity to a major bureau and thus your score is not helped in the least. go talk to a local banker recommended by some home builders.they know how to get people financed and where to go.

Relative opened a credit card without my knowledge, it messed up my credit

A relative of mine opened an account without my knowledge and it messed up my credit and also a mortgage loan with late payments was my them also. How do I get the credit bureau to take this off my report.
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a relative?
a husband or sibling is about all that get away with this stuff
ask for your signature. ask the creditor. threaten to put in a complaint to your state attorney general

and how you could get a mortgage without your knowledge just doesnt sound right.
i need more information.
but the same would go for the mortgage.

on the surface this sounds fishy
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The mortgage is in my name but they live there and were suppose to pay the payments but due to illness have not been able to pay it on time a few times. The credit card account was under my name and social #. I just need to up my credit rating as my husband passed away and I need to move but my loan rate is 619 or so. I don't want to prosecute .I just want some way to get my credit repaired.
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under your name how
on the credit card first
the home loan second

did you sign for either
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I did not sign for the credit card and by the time I found out it had a high balance in it. Yes the loan is in my name but they make the payments and live there. It has been late a few times but is currently paid up and will stay that way. The credit card debt I am paying but I just want that to be on my credit report that I am not responsible
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I will have to say
even prosecution will not repair your credit in most cases. But if you plan to get monies back off a credit card deal, one always has to file a police report and go to court. period

as far as the house goes. if you let someone move into a home in your name with your loan on it expecting them to pay it and they did not then you are screwed. There is no law or inference that says just because you were not living somewhere that you had a loan that you are not responsible for the loan. You should have kept up with the payments yourself and made them if they were going to be late, and kicked theyre butts out if they didnt pay. doesnt matter if they were sick or even if they died. all that matters is if you made payments on time
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on the credit card, if you file a police report and go back on the card and whoever signed your name.
then
you can get that one off your credit in most cases. it will take work

on the house
if
you can catch these up and get the late payments behind more than 24 months behind you, then your score will go up.
i would suggest you selling the house NOW and eliminate further possible complications and, ensure you can get the late payments behind you.
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softer landing help your credit score information.
plus
you need 3 open good lines of reported credit that is at least 12 months old. I do not think this is your problem but thought I would mention it to make sure.
plus
you need to make sure all of your reported credit shows less than 80 balance owed to high credit limit.
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i know the prosectution sounds harsh. But what is worse, you taking the fall for someoneleses misdeeds or them.

another thing
if you are wishing to move or buy another house. Your debt to income ratio has to be less than 45% so you almost have to sell that other house in many cases unless your income is super duper
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I hope I am not being charged for these e-mails. The house payment has only been behind 2 times out of a 5 year period. It has been paid on time for the last 15 months. If I could get a document signed that I was not aware of the credit card fraud ( which by the easy I have on my credit report) do you think that will work.
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i dont charge anyone for anything ever

well you are about 9 months from the house payment not hurting your score with good reported credit the last 24 months. 15 months is behind you on your house now and that counts as one good line of credit. So your score will jump 20 or 30 points in 9 months more than likely. The only bad thing about a house loan or car loan is the late payments will show on your report until the day you pay it off in full and 7 years after that. it doesnt hurt you on your score if the lates are old. BUT they will show as one time in the life of the loan you were late. thats really sucks. It happend to me on a toyota car loan. Thats why I say sell the da.. house or refi the thing or something to stop this from happening

the only way to get the credit card off your report or the lates on the credit card off your report is to
and i have tried things of this sort myself plenty before
you have to show the error was on the creditors side. PERIOD.
You can do that if you can show or prove you did not sign nor ever meant to sign and they took an illegal signature for a relative? I feel sorry for the relative but more for you. If this relative means that much to you then just take the heat. but you cannot have it both ways i am afraid.
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the best thing for now
get your balances on all your open accounts to less tha 80 percent 50 if you are great
if you have a few of these, then your score will go up right now. promise

Raise my credit score fast. I go turned down

THE REASON WHY I AM WRITING YOU IS FIRST I WANT TO RAISE MY FICO SCORE FAST.
RAISE MY CREDITI HAVE CONTACT THE CREDIT BUREAUS FOR A FREE CREDIT REPORT HOWEVER THEY ARE TELLING ME I RECEIVED A REPORT WITHIN THE LAST 60 DAYS SO I MUST PAY. I APPLIED FOR CREDIT AND WAS TURNED DOWN TWO WEEKS AGO, I THINK I AM ENTITLE TO A FREE CREDIT REPORT. ALSO I AM IN THE MARKET OF BUYING A HOME , BUT I AM BEING TOLD MY CREDIT SCORE IS TO LOW. WHAT SHOULD I DO?

PLEASE E-MAIL ME BACK
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you will get a letter in the mail saying you were turned down
use it and this page
to get a free report
Free credit report I got turned down letter

Trying to get my score up to purchase a home

Thanks for the quick response. I do have 3 open lines of credit in good standing. I have not gone over the credit limit nor have I made any late payments. One card increased my limit by $250 and another will be increased by $200 in 3 more billing cycles. Unfortunately, I opened 2 of the accounts less than 6 months ago (nearly 4 months ago). I know that is not long enough..... I have had the other card for over 1 year. They each have less than a $10 balance on them. One has $5. One has $2 and one has $8. I saw on your website that it is a score booster to keep the cards at less than 80% of the balance. I am trying desparately to get the lowest score up. I just don't know how to go about doing that? I had a negative item deleted from my credit report which allowed my Experian score to go from a 628 to a 640 in less than a month. Any suggestions would be greatly appreciated. I am going to try and purchase a home in a couple of years. I don't want a lender to reject my loan or to give me an astronomical interest rate.
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your high credit limits are low too
you have whats called a thin credit file
one needs some pretty big high credit to go for a home loan
if you have 10 to 20 % down you should be ok thought
ask to have your credit limit increased on those cards.
the 630 credit score range will get most people financed if the credit file is thick
your job is good and youve been there a while?
youve got a good downpayment

anything can be overcome with a downpayment.

Parking ticket collection dropped credit score

My boyfriend has a collection for a parking ticket he was unaware he had … the car was not his vehicle he was on title, it was his daughters and the ticket got sent to collections he had his credit go from 759 to 640 over night we are trying desperately to refi his home. With that one collection how do we go about removing that collection he was never made aware of the collection or the ticket.. The car had been totaled in the middle of the ticket... his daughter had taken possession of the vehicle and moved out he had given her all the paper work and released the vehicle into her control and responsibility. They had gotten into a fight and he had no idea a ticket had happen.

The daughter in the mean time moved out and was suppose to go and remove her father from title and put the vehicle in her name, well the car had been totaled in a car accident, so she went and bought a new car.

The room mate of the daughter she was living with took the car and it died on a local street and he left it there now the daughter and the father have no idea that the car had been ticketed, the daughter went and picked the car up with out knowing or seeing the ticket.. So know one at this time knew there was a ticket.

So here we are 4 months later with a collection and unknown ticket and a dumped credit score.
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you just need to call the collection agent and tell your story about how you didn't know anything and nothing is your fault. which of course is full of holes and sounds so normal.

ask for help
pay in full with interest if they will take it off

if is a second party collection
validate the debt first

negotiate anything you can

Trying to buy a house my husband lost job and credit cards

Hello. I have contacted you in the past. I am in credit card debt...not horribly, but in a bad spot ($3000). I filed bankruptcy in 2005 since then I have gotten credit cards and my husband lost his job. I have 4 of them. I was behind and worked out plans with 2 of them. The other two were horrible. Tribute and Aspen and I should have NEVER even gotten them. They have both closed my accounts and tell me that if I pay a ridiculous amount on them they will reopen them. Should I try to reopen them and how does this fix my credit any? I am trying to buy a house and this can't come at a worse time. What can I do to fix this situation and try to buy a house in the near future (next year or so). My credit score was something like a 450, but there were a lot of bills that I had paid or included in my bankruptcy on my credit report still. I am currently disputing some of these and providing proof of payment. I am working with a community program (Mustard Seed in Akron Ohio) that helps people like me buy homes. However, they aren't the best at getting back with me. Do you have any ideas of programs that can help me buy a house? Help with a down payment? Another question, with the interest rates being so low, should I still try to buy a house or should I scrap the idea? I am renting a house for $905 a month. I am POSITIVE I would pay less if I bought a house. In Ohio $905 is a lot of money for a 3 bedroom house in Cuyahoga Falls. Any help would be GREATLY appreciated. I am simply losing my mind and a lot of sleep.
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if you can
pay and re open the credit cards
after one year you ask them to only report the past 24 months like most revolving debt.
the old bad goes away and the new good raises your score even more.

whenever i hear someone talk about help with a downpayment and borrowing money for something, I am remided of an old finance here pay here philosophy.
No personal investment means it is too easy to walk away from.
So you really have to have some investment or most will not finance you. Maybe sweat equity or rent to own.

maybe you can't buy a house. Most of this is stable income and budget stuff. Until anyone works that out, the credit will be bad.

I am trying to buy a house with a 426 FICO score

I have a question for you and hope that you can help me. I am trying to buy a house. My credit is awful. My FICO score is 426. I am trying to get a letter of pre-approval or something from my lender. Because of my credit score the sellers are allowing me 6 months to get my score cleaned up enough to put the house in a loan with my name. They are letting me do a lease purchase for the 6 months. I already have things in dispute with the credit bureau and I am waiting on them to contact me back. Is there anywhere possible that I can try to obtain a letter of pre-approval or something?
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pre approval?
for a 426?
no I haven't. Letter?
you need owner financing.
3 open rated lines of credit 12 months MR
and obviously you have nothing but a slew of bad credit. some of that need to go away

Can you adivise my how to raise my score from 652 658 633

I read with great interest your article on 12 steps to raising your credit score. Two years ago I married a Norwegian man, and I reside in Norway with him currently. I am unable to access via the internet my credit scores. It continually tells me that service not available in my area. I am 54 yrs old, divorced after 25 yrs, and I relocated to Asheville, NC about 5 yrs ago. I rented a home there for 2 yrs, and then bought it. It is owner financed. I am disabilied retired from the US postal service. I have a very small retirement that is auto deposited into my US bank account, along with the rental income from my home. The only other debt I have is my Wachovia card. Currently, it is at 66% of the 9,000 limit due to the death of my mom last year. I plan on paying that in full within 6 months. Also, I must finance my rental insurance as it is so high due to me living outside the USA and the manager of the property in Asheville. Yesterday, I finally got my credit report from countrywide, due to a call considering a refinance. I was shocked that the 3 scores were 652, 658, and 633. They indeed should be much higher, as I always PAY EVERYTHING on time. What can you advise me to do to raise my score??? Please help as my husband and I may return to the US to live, and if so, I may have to borrow some of the equity I have in my home in order to take care of automobile, etc. Please forgive the length of this mail. I hope to call all three agencies and speak with each of them. There has NEVER been anything that should have my score so low.
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i hear the circumstances but not much about what is on your report.
if everything is paid up and you have 3 open lines of credit with no lates in the last two years your score should be 700+
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I do not have 3 open lines of credit. Only 1 Visa card? Is that the problem ? Should I reinstate maybe an old Lowe's card, and not use it, and maybe get another Visa, and let it go unused? I have not seen the reports either as I cannot access them via the net. I am calling the agencies today from Norway. Also, I do have a letter from my landlord for 2 yrs, and now mortager (Renpro Proprities) stating that I have paid in an outstanding manner for 4 yrs both as a renter and owner, as well as maintained the home. I would like to know how to add this to my credit report? He sent this to me to help with me hopefully purchasing a small home with my husband here in Norway as I have zero credit here.
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that cannot be added to your report
open rated lines of credit only
rent, utitities do not count

you can use the rent letter with some applications to some loans, but it will never show on your credit report
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some lenders will use a direct credit reference letter
here is a free letter you can change to fit your needs

Thanks for asking
I have a new subject with free letters
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Medical collection of 52 dollars with IC system. Remove from my credit

May I ask you a question: I have a collection with IC system -medical collection in the amount of 52 dollars. I called them today to see if they would settle and asked them if I paid the bill would they remove it from my credit? they said, NO, their policy was to only report the amount as paid with the reporting agencies. they were very rude!! (go figure)a co-worked advised me to send a check, and under the endorsement, state: by cashing this check you agree to remove completely. He said, I could then send a copy of the cancelled check to the CRA's as a dispute to remove. thoughts? otherwise, I really don't know how to handle.
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i would just pay them and go on with your life
52 dollars is not worth any hassle.
for them or you.
they don't care. they will just leave it on your report and not cash the check.
if it was for like 4000 dollars you might have a chance.

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no one is entitled to have a poor payment record removed from the report
it is a
sometimes used courtesy or leverage for re payment.

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thanks! i may just leave it for now. I have applied for a mort. loan and have been pre approved. If i have a recent paid or activity on the report, it may lower my score. (when they do a final run through) A few point lower will kill me.. I was trying to get a few points higher. Looks like I'm stuck! I heard through a friend that IC system is the WORST to deal with. I also heard I could send a HIPPA letter to the orig. medical provider to see if they would remove it.... Or i may just hang tough, and make sure my mort. goes through. being able to JUMP on a great deal right now is very important. I'm in cali and single...this maybe my only opportunity to buy real estate here. Sad huh! LOL
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if you are pre appoved
forget it about it
your right
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i guess you have 3 open current and rated accounts right not that report to bureaus and have at least 24 months reported. I also assume all of your accounts are less than 79% leveraged against your high credit limit. Home loans take the logest to reduce below 79% borrowed. Car loans are second with most loans being less than 72 months. revolving credit has the largest protential to raise your credit score fast. Just pay down to less than 79% and your score will go up now.
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Just to clarify....I shouldn't worry about getting those past due records from 2003 off my credit report. Rather...just reduce the amount of revolving credit to less than 79% of credit limit. How does this apply to amex? We don't have a limit on amex account, so it doesn't report that AND amex doesn't report our payment history. I wish they did, cause it has been perfect.
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yes do that
79% or less and boom
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Thanks a million..they should nominate you for a Nobel or something...

Citibank card shows 30 60 90 days late in 04. need 700 credit score

Hello, Love you blog. Today's credit system can make anyone feel helpless and I appreciate the information you provide. I need some advice: I had and Associates Citibank card which I opened in Oct of 1998. I had a 30 days late in April '03, 60 and 90 days late in Dec 03/Jan 04. I paid the account in full, but the credit card was closed by the grantor. On my freecreditreport.com report it shows the late dates and states that the creditor closed the account, but shows little green OKAY boxes until 2005. (I honestly, don't know when the creditor closed the account - I just quit using the card) My husband and I are trying to get a house this year and my score is between 668-685 depending on agency. I do not have any other late payments and my credit history since then has been spot on. (Threeaccounts open, good balance to credit line ratio)Is there anything that I can do to get my score up? (Would love to break the 700 mark) Can I get the past due accounts removed from my record? Thanks for your help!
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sometimes they will let you open a past account
see what i did here with bp oil
capital one would be the best route
you need 3 open for at least 12 months with no new lates
and all past dues paid. score should jump dramatically
if you cannot pay past dues maybe you will get lucky and
2 years will pass with no trouble and then 7 years with no trouble.
What I have found though is many accounts get sold or collected on within the 7 years period
and bam
there we go again on the 24 months and the 7 years again from date of last activity.
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Disputed credit deleted how long before my score raises

I would like to ask a question in reference to your credit blog-I just don't see how I go about doing so...Is there a link? I have read almost everyone of your blogs over the past week. They are extremely helpful! I can ask my question on your blog if you just tell me where to! My first question is: I disputed 6 items on my credit report, 5 were deleted (MIRACLE!!!). How long before my score goes up? How long before I should purchase a new report with a new score? I am trying to purchase my first home
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email majors@oskie.com

if you were sent a letter saying they were deleted then the credit score change has already happend.
so check now.

make sure you get and keep at least 3 open and rated lines of credit reported to a bureau or bureaus
tansunion, equifax, experian.

if the items deleted were more than 2 years old do not expect a dramatic score increase and the past 24 months weight the most on a credit report.

Trying to purchase home and 7 year old debt is in collection

Have been reading your web page and you include some really great advice, but i do still have one question. My husband and i are trying to purchase a home and there is a collection in my file hurting our chances and making our score low. The thing is i have no idea who they are. They are called Portfolio Recovery and they say i owe $63.00. Not much right?? Well when i called they said i owed $2,000. When i asked who the original creditor was they said Capital One and it was an account opened in 1998 and last act shown was 2000. Can they do this?? This is 7 years old. I dont even remember this account honestly but i can say that right after high school and attending college this may have been a credit card i let go. But it would be so difficult trying to obtain records 7 years ago. What advice can you give me to get this taken off my credit report file? I want to dispute it but maybe you can give me some key points when doing so.
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use debt validation
then the follow up if needed
then contact your state attorney general
if they cannot give you full details with legal documents showing you owe this money and they a legally able to collect it from you.

Bank foreclosing on house. Can they garnish wages

I have a ? a friend of mine at work, is forclosing on her house, she asked me to ask you when this happens can they come after her later for the money? can they garnish her wages? thanks again
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normally a house has equity and the payoff is not that hard to cover
hopefully this is the case here

But the answer would be yes they can come after me for the negative difference between the sale price and the payoff if there is any.

This is why 100% loans are not done much in the house market.
Ask her to decide how much she owes and how much it should sell for.
This should ease here mind

Bank foreclosure and bankruptcy dismissed and credit is messed up

1. The end of 2002 beginning of 2003, I self-filed a Chapter 13 in anattempt to save our home. The bank foreclosed; we lost our home and I withdrew the Chapter 13. The Bankruptcy shows as Dismissed. Is there anything I can do to have this completely removed?
2. We lost our home through foreclosure, but there is still a debt classified as "Mortgage" for $72,000... this was a Second Mortgage. Why is this still on our file as a debt owed? Our home was taken but they still want the Second paid?
3. The Date of Last Activity continues to be updated on this Second Mortgage. Which tells me no matter what I do, this will never be removed.
4. It seems whenever I do an inquiry to Equifax to correct errors, I start getting calls again on old debt... does the inquiry to Equifax cause the Date of Last Activity to be updated?
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copy the dismissal papers and mail them as a dispute use this form

yes they still want the money.
i would assume some would have been paid during the foreclosure and subseqent sale?
i would have to see a paper tail to help with this. but sure any loan has to be paid off period.

#3 not sure what to coment on this one.

#4 does not make sense. there is no correlation. inquiries only happen when you apply for a loan
not when you check your credit online

remove 30 days late on a mortgage loan

I had a few mortgage payments go 30 days late back in April of 2005. I have recently paid off this loan in july of 2007 and was wondering if there is any way to remove these late payments from my credit report or do I have to wait until 2012 for these to be removed?
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no there is not
yes you do
the effect is almost nil after 2 years pass and you have new good open credit

Chapter 13 discharged but still some accounts list balances. I need a home loan

I am trying to get negative information off of the credit report.

The first thing is from Chicago Municiple Court Bank 1. My husband and I do not know what this is and we can not find a phone number to contact them. All that is listed is a reference number but it is showing up on our Experion report as owing $524.00.

The second thing is we filed chapter 13 in 2003 during this time we owned a time share (Emerald Pointe at Grand Vista) we surrendered it as terms of the chapter 13. It is showing up today as we owe over 6,000 on the report from Experion. I have called several places since Emerald Point has changed ownership several times. Each company I have called states it is not their problem they closed account due to non payment. I am currently waiting on the last contact person to call me back which has been since 11/5/07. We moved in 2005 to another state and some valuable papers were damaged beyond repair so I do not have any documentation that we surrendered the deed except for my word. I do know that it was in the chapter 13 so how can we address this issue to get it removed from the report?

We are trying to get the best possible rate to qualify for a home purchase.

I have read many of your tips and find them to be very helpful. We keep open one credit card make purchase and pay it off. We have a car loan through a credit union and the score is in the high 600's what can we do to raise it quickly even with the chapter 13 still showing up? We paid the chapter 13 off in 2005.

I have other documentation from medical companies / second mortgage that we have paid off the bill but it still shows on the credit report do we mail a copy of the paid reciept to the credit reporting agencies?
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www.oskie.com/credit-dispute.htm
dispute the first one as not yours.
wait for 30 days and see what happens. go from there

dispute the second one as not yours or error on report
see what happens

do exactly what you said on the last one.
these should show on your report as included in bk zero balance.

might need to do all this in 2 or 3 letters.

do the first to at once on one dispute form to all bureau affected

do the last in waves of no more than 4 at a time. I don;t know how many you have.
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http://www.oskie.com/after-bankruptcy-credit-report-repair-credit-card.htm