Posted on: 16th Sep, 2010 07:35 am
I've been working for the past year to improve my credit so I can buy my first home. Right now my Transunion score is 652, but my Equifax score is 522 :-(. I've paid off all my credit card debt, and now I'm working on some old medical bills, as well as trying to come up with a 10% down payment. I have less than $1300 in old debt. I have student loans, but they are in deferment. Is there anything else I can be doing to improve my credit? I don't qualify for credit cards anymore (not sure why--I paid mine off, but they were in collections by then), so I can't get a credit card and pay it down every month.
Also, my husband is a veteran, and we're looking into a VA loan. Is that a good choice?
Also, my husband is a veteran, and we're looking into a VA loan. Is that a good choice?
I would have a loan officer (if don't have one, use one of us on this site) to review your scenario. They can analyze your credit ant there is a credit possibility the remedy to your credit problems could be a quick fix (in matter of 72 hrs). I wouldn't bother paying off the medical bills until you speak with a loan officer. The can work up a rapid rescore plan to get your Equifax score up immediately.