- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How Long Will My Credit Suffer?? - Update pg 2 - Score Lowered Again!!!
Posted on 6/3/13 at 2:09 pm to LETSGEAUX2
Posted on 6/3/13 at 2:09 pm to LETSGEAUX2
quote:
84 months
quote:
What I was afraid of
It will possibly show up on your credit report for that long from the "date of first delinquency." The effect it has on your score will diminish over time. Keep any other revolving credit to a minimum. Most lenders will approve you with a year of clean credit history from your last mess up. 680 isn't horrible and will still probably get you a good rate with a conventional loan. Remember though, that they use the middle score of the 3 credit bureaus. 680 may be your low score or could be your high score. Go talk to a bank or broker. I think you will be fine to apply now if that's all you've got on your credit.
2
Posted on 6/3/13 at 2:16 pm to JonTheTigerFan
quote:
"date of first delinquency."
Since he made a payment to it then the score will use the date of the payment. Thats why in some cases it better to leave some debt unpaid. This is especially true for debt outside the SOL in your state.
Posted on 6/3/13 at 2:24 pm to JonTheTigerFan
quote:
680 isn't horrible and will still probably get you a good rate with a conventional loan.
This.
It's really not bad at all, not stellar but it's actually about average in much of the country.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News