It has been a while since my last post. I have had some bumps of my own. Causing a great delay in my quest to repair my credit.
First of all, I have as of today to see my credit reports. I did request them. I requested my Free Copy. I had some issues with the credit card companies to due the Fraud Alert I had placed several years ago.
Anyhow, I finally did visit FreeCreditReport.com, that was a disaster. I am not pleased. I obtained one Copy, then they charged my Bank Card to sell all three. Again, as of today, I have not seen all three.
Finally, I have just applied for a Visa and yes, it was rejected. However, I get a Free Credit Report from the reporting Agencies.
This is frustrating, to say the least. My goal is to buy my home this year. I am determined to purchase my very own home. I of course need to find a lender willing to sign me a mortgage. I know the property I want.
Another frustration, I have contacted several Realtors’ and Lenders to guide or provide me with the guidelines the banks are looking for. I know taxes, bank statements and form of income are required.
After, getting a glance at the Free Credit report, my FICO score reads 550! Is that low or what!?
I have learned a lot about negotiating down the interest rate and asking about Credit Card incentives. Considering I do not have any credit cards, I have recruited my Dad. I will call on his behalf and see if this tips actually work.
If you have any suggestions, I would most appreciate it .
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Try annualcreditreport.com. It’s much better, and they will give you a free credit report once every 12 months, as guaranteed by law. they don’t supply a fico score, but you can get those elsewhere.
@Jennifer – Thanks for the tip.
I use to do closings in an attorneys office for purchases and refis. there are a million possible reasons for the delay, but I am sure that none of them are acceptable.There is no reason why you should be waiting on the mortgage company if there is already a commitment letter. 99% of the time when I was doing closings it came down to the seller or the title company being the hold-up for the closing, not the mortgage company. I would call and seriously complain! As a seller I am sure you probably have your own deadlines regading your new residence. Your real estate agent needs to be sticking his/her neck out and bugging the heck out of someoen to get the ball on the move!
I got my first credit card from my bank. There is no annual fee and if you are like me and want to make one or two monthly purchases and pay them off so you can have some credit, this is the way to go. I got my first credit card from my bank (Washington Mutual) and it was a Visa card. Yes, the interest is high, but I pay mine off just as soon as the bill comes and that sounds like what you are going to do too. They first gave me a credit line of $500.00, then in time it increased to $700.00 and now I am up to $1,400.00. I did not sign up for participation fees or theft security. I opt out of those. On your statement they will give you a phone number to call and check on your balance. I know exactly at all times the balance of my card and if there was tampering I would know and report it to Visa immediately.