Maximum Exposure following possible judgement
In 2009 we relocated from our townhouse (purchase money came from BAC 1st, and Chase 2nd) in VA to PA (due to jobs). We purchased a PA residence in 2009. After some time in PA the monthly expenses became untenable and we stopped paying the VA mortage
Categories: Mortgage Tags: Credit, potential, questions-come, the-difference
Categories: Mortgage Tags: form-stating, Insurance, insurance-claim, investigation, never-received, potential, rights, shipper, shipper-filed, shipper-says, shipper-wants, signature, turns-out-not, ups
Trying to get my FICO Score up
Hello Everyone, I wanted to get some advice on a plan to improve my credit score, which I named my nuclear plan. I want to purchase a home in the near future, but currently, my credit score is in the low 600’s. I have a total revolving debt of $16,997, in which $13,130 is on open accounts and $3,847 is on a loan with a fixed payment. I can currently take out a loan from my 401k and eliminate all the debt, with the exception of the loan amount. I would like to keep that paying them so that I can maintain some active payment history. Now, I know that I will lose out on the compounding interest on my 401K, but, I currently have at least 25 years left to work. My reasoning is to take the loan because I’m paying an average of 23.41% on my CC, with some as high as 29.99%. The interest I pay on my 401K loan will go back to my account. Therefore, making the money work for me, instead of just sitting there doing nothing for my present day situation. My lender told me that they don’t count 401K loans and it will drastically lower my monthly payments. So I guess I’m trying to see the potential effect on my FICO score. I looked at one scoring model through Experian, and it actually showed it going down further. I was under the impression that the more available credit you have, the higher my score would be
Categories: General Credit Tags: 401k, 401k loan, compounding, compounding interest, credit-score, fico-score, hello everyone, impression, Loan, looked-at-one, Money, money work, nuclear plan, open-accounts, payment-history, potential, revolving-debt, showed-it-going, the-compounding
Categories: Mortgage Tags: application, appraisal, approval, close-on-time, conclusion, feel-as-though, Lender, lender-ordered, Lenders, Loan, loan application, loan lender, loan-officer, Money, potential, recourse, seller, situation, spent-the-money, underwriters, usda loan, usda program
Reporting to Experian, Equifax, Transunion
Hello, I'll bet my questions have been asked before. Sorry for cluttering this board if I am/and or delete/move this post to it's proper place if I'm in error, and or direct me where I need to go with all this. Since November 2009 I've been monitoring my credit and the scores on all three bureaus
Categories: General Credit Tags: aforementioned, Auto, Bank, Credit, credit-card, equifax-credit, monitoring, potential, scores, secured, since-november, technically, TIME, trans-union
MIP at age 17 in Oregon
So I was being stupid, and shit went down and I got an MIP. Like I said, I'm 17 and I live in Oregon. This is the first offense.
Categories: Mortgage Tags: above-the-speed, alcohol, drugs, bit-ridiculous, delayed, delayed-entry, doing-community, enter-either, house, house-the-cop, license, potential, the-potential, these-things
Categories: General Credit Tags: ability, checker, Driver, eq, equifax, fyi, house-the-softs, maximum, maximum-number, obsessed, potential, problem, reports, reports-every, softs, ss card, Thanks In Advance, the-potential, the-second, tradelines, w2
Bill Me Later
So I just signed up for Bill Me Later. Partially because it was offering $10.00 off my purchase, and partially because I'm interested in building up my credit history. I did a LITTLE reading before I opted in to make sure it wasn't a scam and that it didn't have any fees, and then I said "Whatever," and signed up.
Categories: General Credit Tags: car-loan, Credit, credit dings, credit-accounts, credit-card, credit-history, credit-rating, parents names, part-time, potential, purchase, roommate, since-bill, student-loans, will-it-hurt