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Low credit score
Asked Apr 23, 2012, 10:04 AM
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11 Answers My credit score is low-493/high-569 and my husband's is not much better. I am a disabled veteran receiving VA disability and SSI. My husband works as well so we have an income between my new husband and myself of about $5,239 per month. We live in Riverdale Georgia with my daughter(paying half her morgage and utilities). We don't really want to do the "rent to buy" thing but don't want to rent anymore either. Is there anyone out there that can help us? We are currently working with Lexington Law firm to square away our reports but it is taking so long and putting a strain on our marriage. Is there any advise (constructive, not insulting) that someone can give us? We will do whatever we have too but really want to move into our new home asap. |
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| As far as the problems where you have cosigned or put them in your name....those are effecively yours....no explanations or arguments can change that. This is why we tell parents to never cosign for their kids unless they are ready to make the payments themselves. Also understand....the very act of being a cosigner on a debt that IS actually being paid on time by another100% of the time will still reduce your score....because you are legally Liable for that debt.Good luck on the ones you are fighting.... As far as the other debts that are yours....until they are current and have been paid for a period of time on time after coming current (meaning no past due ammounts are outstanding) you aren't going to start moving those numbers in a positive direction. Now I'm not going to pretend to know how much it will change and how fast it will change (its a real complicated method they use)....but thats what I meant by its going to take time... Besides being late for payments...or having them go for collection by not paying them at all, other things that will drag down your number is excessive loan applications...approved or not. Or using more than a small part of your availible credit on credit cards or credit line. Being laid off or fired will also cause it to drop as many have found. Basicly you want to use as little as possible of what you have availible to you. Also strangely enough.....if you don't use enough (by paying cash for everything always)....you will not show a regualr on-time payment history... So its bad to use too much...and its bad to use none at all. | ||||
| chrissinamarie (Apr 23, 2012 12:53 PM):
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| Really, you get freaking RUDE with a NOT ACCURATE on my post above chrissianmarie....I challenge you to back up that bulls*t claim PROVING anything I said was wrong or inaccurate...IF you was such an expert on the topic then do it....I demand an Apology because NOTHING I said was incorrect in the least. I take the time to give you the answers you need, and you get rude with a Not accurate on a topic you have ZERO knowledge about....when MY answers are backed up by current Banking practice... Good luck...you are in for one hell of a shock when reality smacks you in the face. And even at a FICA of 650, you are going to be lucky to get a loan anywhere today...below that you have NO chance. | ||||
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