aqtpie269 Posted January 10, 2005 Report Share Posted January 10, 2005 Hello all Ive been a lurker for a while reading lots of info and finally decide to get some input .. We are trying to buy a home and our credit scores were 524-567-594.. Lender has helped with getting free credit report and am currently disputing items thanks to many of the helpfull posts on this site. One itme on dispute We did settle on and is listed once as not paid then paid on another line with the company we settled with I have a letter stating paid in full from them. Do I have a chance in getting original removed or stating paid(charge off as of 12-2002). Now we have an account from gateway charged off that lender says we will have to pay in order to get loan at 100% I am currently disputing as not mine (it is ) becuse it is from 2002 but it also has been bought by credit one LLC and they are ones listed on report with balance of $2526. Our main concern is we do not have money for pay off of this account +the closing cost on house . What would be the best option for us if dispute comes back verifiable.? personal loan to pay acount or direct contact with creditor to arrange payment of settlement?? Thanks to all who reply !! Experian is the one we are disputing . Link to comment Share on other sites More sharing options...
vonniegirl Posted January 11, 2005 Report Share Posted January 11, 2005 Hello all Ive been a lurker for a while reading lots of info and finally decide to get some input .. We are trying to buy a home and our credit scores were 524-567-594.. Lender has helped with getting free credit report and am currently disputing items thanks to many of the helpfull posts on this site. One itme on dispute We did settle on and is listed once as not paid then paid on another line with the company we settled with I have a letter stating paid in full from them. Do I have a chance in getting original removed or stating paid(charge off as of 12-2002). Now we have an account from gateway charged off that lender says we will have to pay in order to get loan at 100% I am currently disputing as not mine (it is ) becuse it is from 2002 but it also has been bought by credit one LLC and they are ones listed on report with balance of $2526. Our main concern is we do not have money for pay off of this account +the closing cost on house . What would be the best option for us if dispute comes back verifiable.? personal loan to pay acount or direct contact with creditor to arrange payment of settlement?? Thanks to all who reply !! Experian is the one we are disputing .Welcome! It's a good thing you have been reading a lot. You're going about it the right way. DV and update. Any item that you dispute must be re-sent to any company you have applied for credit.Do you have a lender? There are a lot of good people here. PM them and see what shakes loose Good luck to you in your pursuit of the American Dream Link to comment Share on other sites More sharing options...
firstsource Posted January 11, 2005 Report Share Posted January 11, 2005 One idea that can work is to contact the creditor, and make a payment arrangement plan, offer to pay them 5% of the balance. Then it is not a charge off, and does not have to be paid to get the loan. Be careful that the extra payment does not make your DTI (debt to income ratio) get too high. Normally it is at a max of 50%.Charles Link to comment Share on other sites More sharing options...
aqtpie269 Posted January 11, 2005 Author Report Share Posted January 11, 2005 8) thanks for the in put .. We have an income of 3200 a month with debt payments of 700 amonth .. loan amount only for 35000 so I believe we have room for a payment plan with out jepordizing the debt to income ratio. My husband is active duty army preparing to reenlist but we would like to purchase a home in our home town for children and I while he is deployed for long periods of time .. We will get around 10000 bonus when he does reenlist but are worried the house will not wait that long(another 2-3 months). Not many houses in our hometown to chose from ... thanks again for the replies.. Link to comment Share on other sites More sharing options...
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