     Anonymous | Friday, February 04, 2000 - 06:11 pm 
I want to buy a house (priced at twice my annual income) and had a mortgage broker pull my scores. He was somewhat discouraging and recommended FHA as my only possibility. I wasn't surprised -- I do have four old collections between 2-6 years old. Two are real (and paid) and two are resold (and long ago paid) hospital bills that I am still struggling to get straightened out. I also have some late pays a few years back. Eventually, my broker sent me a copy of the merged report, with my scores: Beacon 624,Fair Isaac 696, New Empirica 661. These don't seem so bad to me. Am I missing something? I have a decent income ($50,000) and only $3,000 in debt (car loan with 9 payments left), with a credit line of about $11,000. It doesn't seem as if there's much I can do except let time pass. Any advice? |
| Greg Fisher, creditscoring.com | Saturday, February 05, 2000 - 05:21 am
For your resolve, have them run it through conventional automated underwriting.
How much money do you have in the bank today (liquid and semi-liquid assets-- those avaiable for down payment (not retirement))?
What do you means "struggling" to straighten them out? |
