PLEASE PLEASE PLEASE help – my relative ruined my credit score (760 to 602 in half a year)
Hi Everyone, Sorry for my very long first post and I hope this is the right place but I REALLY need your help. My credit has been ruined by someone else and I am completely stressed out. =( My score went from 760 last year to 602 a week ago. Basically, I reluctantly (didn't know how to say no) let my aunt use a credit card that I opened but never used myself about 10 years ago, during college. The beginning balance was a few thousand dollars. I never saw the bills b/c she was paying it (she lived at my house, and still does) so I never really knew what was going on with it but I trusted her. Apparently she had only been paying minimum payments and the interest/limit/balance had snowballed to almost $51,000!!!! She actually opened another cc 3 yrs ago in my name w/o me knowing and that one now has a balance of $8,000. Half a year ago she decided to work with an attorney to settle both cards (without me knowing for a while), which means she had not been paying and both have since been charged off/written off. My score went from 760 last year to 602 (EX) a week ago. My 2 cc's that I use regularly went from a limit of $16,800 to $300 (over night), and the 2nd one went from $9,800 to $1,000 within a few months, with a couple decreases in between. And I have been getting calls from BofA collections (not sold to outside collections yet).
Categories: General Credit Tags: attorney, aunt, credit-card, Current, house, Life, Mortgage, sell-it-before, TIME
How long after a foreclosure can the lender file a deficiency notice on 2ND mortgage?
I took a second mortgage on my property in December 1997. Divorce necessitated foreclosure of the property during 2000 (this was not a deed in lieu).
Categories: Mortgage Tags: attorney-argued, Correct, deficiency-note, expiration, expiration-date, florida, Mortgage, mortgage-filed, note-holder, Property, recent-court, statute-limit, the-property
"Adverse" account reported by Transunion
Hi, I recently received a credit report from Transunion. They recorded one of my accounts as an "adverse" account that I was not expecting. The account was a LOC serving as overdraft for my Bank of America checking account. It had a balance on it when BofA decided to suspend the account last year because I was behind on my mortgage payment, even though was never late or behind on on paying this LOC account. I continued to make regular payments for the past several months, and recently paid it off completely. It seems to me that calling this account "adverse" is misleading, because I never missed a payment on it. Is this an error on the part of TransUnion that I can correct?
Categories: General Credit Tags: account, Accounts, credit-report, late-or-behind, make-regular, Mortgage, several-months, year-because
How much will this potentially impact…
I have been vigorously working on my credit over the past several months and I am oh-so-close to being able to qualify for a mortgage. I have had a company helping me repair my credit and whether it has been successful yet or not is debatable. They did, however, recommend I open a small, secured credit card and keep the balance low to help improve my credit
Categories: General Credit Tags: account-impact, Credit, credit-card, credit-score, experian, fico, fico-the-same, increase, literally-20ish, Mortgage, score-increased, secured-credit, several-months, successful-yet
Wrongful Colleratal / repossession
My question involves real estate located in the State of: OH My parents have been going through this process the past couple of years. This does not seem "right," and I was hoping to get some advice I could give them.
Categories: Mortgage Tags: Bank, family, his-retirement, house, Mortgage, Personal, Property, real-estate, retirement, state, the-property
foreclosure after divorce
I received a phone call today from the bank telling me the mortgage that my name was on was over 32 days late and therefore they were going to begin foreclosure on the house. This was the house my ex-husband got in the divorce.
Categories: Mortgage Tags: after-the-fact, Bank, divorce-stated, house, marital, Mortgage, the-mortgage, TIME
house debt in divorce
I owned my house before marriage with a 90,000.00 mortgage. The property was appraised at 160,000.00 After marriage and several refinances to pay off marital debts credit cards , car loans etc. We now have a $318,000
Categories: Mortgage Tags: car-loans, credit-cards, house, house-before, Mortgage, over-the-years, spouse, the-house, years
WWYD? Which is better?
Situation: 700 credit scores. Trying to sell my house and be able to buy another (DTI requires selling before purchase). In addition to the mortgage and a HEL that will be paid off when the house sells, I also have $3100 on a CC ($9000 limit at 11.9% with a fantastic company) and a truck loan ($9000 at 6.69%). Come July I will have $3000 to put down towards debts.
Categories: General Credit Tags: before-purchase, Current, down-the-truck, house, loan-assumption, minimum-payment, Mortgage, payments-might, slightly-higher, Summer, thus-improving, utilization, xfer-the-rest
Lien placed on property I do not own
I have recently discovered that a creditor who filed a judgment suit against me last year also filed a lien on a property that I do not own.
Categories: Mortgage Tags: deed, judgment-suit, law-office, Mortgage, parents, Property
Landlord wants 12 months upfront…but…
We found an apartment we really liked, at $2400, which is over our budget. Landlord offered to give us 1 month free if we paid full year upfront, meaning a net rent of $2200, at the top of our budget.
Categories: Mortgage Tags: budget, Insurance, Mortgage, mortgage-or-not, not-interested, paying-the-heat, Payment, really-feeling, taxes, utility