http://repairthescore.com/2009/09/improve-credit/ Learn how to fix your credit score! Tue, 22 Dec 2009 22:50:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://repairthescore.com/2009/09/improve-credit/comment-page-1/#comment-376 gregsecrist Fri, 25 Sep 2009 02:20:29 +0000 http://repairthescore.com/?p=90#comment-376 Sorry i didn't answer your question completely. Yes paying off collections will raise the score within 30 days of them being paid off. To make sure the score raises the most it can, make sure to mirror some trade lines. There is a post on this site explaining that process. If you have questions just let us know. Mirroring a trade line can raise the score 100 points alone! Sorry i didn’t answer your question completely. Yes paying off collections will raise the score within 30 days of them being paid off. To make sure the score raises the most it can, make sure to mirror some trade lines. There is a post on this site explaining that process. If you have questions just let us know. Mirroring a trade line can raise the score 100 points alone!

]]> http://repairthescore.com/2009/09/improve-credit/comment-page-1/#comment-375 gregsecrist Fri, 25 Sep 2009 02:18:18 +0000 http://repairthescore.com/?p=90#comment-375 Collections are a bit tricky. It totally depends on the loan program you are using to close on your home. If you are doing an FHA or VA program you must have ALL collections, judgments, and tax liens paid off BEFORE you can close. Conventional loans are a little more forgiving on collections but with everything tightening up they may require them to be paid too. It totally depends on the investor that ends up buying the loan. If you are already working with a local loan officer make sure to have this question answered. If collections are required to be paid and your wife can't get them all paid you will either have to show more income so you can qualify on your own or see if your local lender will allow a non owner occupied borrower which FHA typically will allow. :) Collections are a bit tricky. It totally depends on the loan program you are using to close on your home. If you are doing an FHA or VA program you must have ALL collections, judgments, and tax liens paid off BEFORE you can close. Conventional loans are a little more forgiving on collections but with everything tightening up they may require them to be paid too. It totally depends on the investor that ends up buying the loan. If you are already working with a local loan officer make sure to have this question answered. If collections are required to be paid and your wife can’t get them all paid you will either have to show more income so you can qualify on your own or see if your local lender will allow a non owner occupied borrower which FHA typically will allow.

]]> http://repairthescore.com/2009/09/improve-credit/comment-page-1/#comment-374 corey reilly Thu, 24 Sep 2009 22:47:26 +0000 http://repairthescore.com/?p=90#comment-374 my dear wife has 9 collections showing on her credit report. We plan to pay off some of them in effort to improve her score in the next 2 months when we will close on a house. will taking care of 6 out of the 9 collections help out at all with her credit score and reflect positively within 2 months my dear wife has 9 collections showing on her credit report. We plan to pay off some of them in effort to improve her score in the next 2 months when we will close on a house. will taking care of 6 out of the 9 collections help out at all with her credit score and reflect positively within 2 months

]]>