trying to purchase a house
Two of the accounts have charge offs, in wich I want to send a PFD letter to the collectors.My credit score is a 511-585 i need to raise the score to a 700.
To be true it is not possible to increase your score to 700 in a
To be true it is not possible to increase your score to 700 in a few months. It may take a year or even more and that too if you continue making timely payments on your debt and improve your credit history. Moreover, if the accounts have been charged off by OC and the accounts are right now with the CA, you cannot get it removed from your report before the seven year period.
Charge off does not mean that you are exempted from paying the d
Charge off does not mean that you are exempted from paying the debt. If you do not pay it off and the debt is still within the SOL period, the creditor can sue you and recover the debt through judgment.
However, you should first check the SOL on the debt before paying off a charged off account. If the SOL on the debt has expired, you need not make any further payments.
Hi Guest. You don't need a 700 score to purchase a house. A 62
Hi Guest. You don't need a 700 score to purchase a house. A 620 is enough to purchase a house at a really good rate. The rate would still be in the 5% range. That's as of todays rates.