Credit question again

[trlcavscout]

Wouldnt paying off inactive stuff still help your debt income ratio or what ever its called? It would also be a requirement before buying anyways right? I have a few from like 5 years ago when me and my wife were both unemployed right after buying a car and moving, it was a bad time! But is why USDA denied us because we had them and havent paid them off. I have paid one off so far and was going to pay the rest.

I also as much as I hated to I just got a capitol one card I will use like $50 a month and pay it everytime I use it, I really dont want any vikings in my wallet, or any other card for that matter. Any other ways to boost my credit?

[trlcavscout]

speak to a good mortgage broker, MB888 is one if I recall. I know some that will run your finances and set up a step by step program for you. If your follow it they will have you approved. They will hold your hand from application to closing. They are very professional.

If you need a referral send me a PM.

Thats what I need. Yes I had spoke to MB888 before (very nice guy) I just dont want to keep bugging him. Any one here do residential mortgage?

[rockhound]

answered your PM

[ChunkyMonkey]

Wouldnt paying off inactive stuff still help your debt income ratio or what ever its called? It would also be a requirement before buying anyways right? I have a few from like 5 years ago when me and my wife were both unemployed right after buying a car and moving, it was a bad time! But is why USDA denied us because we had them and havent paid them off. I have paid one off so far and was going to pay the rest.

I also as much as I hated to I just got a capitol one card I will use like $50 a month and pay it everytime I use it, I really dont want any vikings in my wallet, or any other card for that matter. Any other ways to boost my credit?

Check on your collection 'DLA' (date of last activity) if it shows last month, that means it is still actively reported by the creditor. I don't do USDA or Land loans. If you are changing your mind and moving into the civilization, then I can be your guy

Your best bet is still your local credit union on your type of loan. Kept in mind, one rejection might not mean 100% rejection. I have dealt with people who were rejected multiple times by different banks and got them approved by different approach or loan program. Unfortunately, 90% of loan officers are cherry pickers. I have seen loans got declined because the loan officers priced the % wrong (no profit), wrong program, HOA issues, and worst of all due to one LO' upcoming honeymoon, and he was not willing to give up his pipeline to another LO.

Rejection due to credit is not universal either. A nice letter on top of your loan application can get you approved if you are in the grey area. Keep in mind, FHA is a guideline, not a set of rules. There is NO minimum credit score rule to get loan approved. Good luck to you and you have my number if you have any question!