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jdbellmon · Joined: 12 Aug 2008 Posts: 8 5.19 Dollars($)

I currently have 3 active cards. A Captial One Visa, Chase Visa, and a Citi Bank Master Card. They are all in good standing and have no balance at the moment.

My Capital One Card is used all the time and always paid off at the end of the month and I pay no interest on it. I use it primarily for gas.

jameshogg · Posted: Sat Aug 23, 2008 3:20 am Post subject: RE:

Hi jdbellmon,

I agree with you in the sense that it's not easy finding out which credit repair company is a good enough to deal with. That's the reason I think it's better to take a lender's advice when it comes to repairing your credit, though at this stage when you have unpaid bills, I doubt whether a lender would like to sign a deal with you until you pay off at least a few of the unpaid bills. So, yes if you can find out if it's a legitimate company, then you can avail their services. You can check some of their client testimonials or even google with the company name and find out if there are any complaints against it.

Thanks

elnoralittle · Posted: Wed Oct 01, 2008 4:57 pm Post subject:

Under FHA they don't require you to pay off collections, however you should definately follow George's advise so that you can booster your credit score.
The first being the student loans. If they are federal student loans, VA and FHA both want them to be in good standing.
Medical collections can be explained.
Depending on how long your medical collections and other collections have been outstanding, you might be able to work out a payment deal with the creditor.
Don't be hesitant about calling them and asking for a lower interest rate on credit cards, and settling the collections at a lesser balance than owed.
Collection companies are attempting to collect a debt, they are authorized to negotiate.
The worst they can say is no and you are no worse off than you started, but then again they can also agree to a lower payment.

Guest

i have a question im applying for a va loan have low credit score but paid off all collections and deliquent accounts i have had no late payments in over 2 years have a great explanation letter what is the chances i will get a mortgage

banker0679 · Posted: Mon Oct 20, 2008 6:20 pm Post subject:

Hi susie83185

I hope we answered your question in the other thread.

thanks
Robert

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