home & car loan

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publius

Joined: 13 Jan 2009
publius's page
Posts: 19

656 Magic Points

Subject: home & car loan

Fri Jul 17, 2009 1:37 am

I have 3 write-offs on my report. 2 are paid in full and one is completely unattended with no contact with creditors and will reach the statute of limitations in a few months. My TransUnion score is 739 and experian is 635. I am having trouble getting my Equifax score. Would I have any trouble getting a home loan and do you think I would qualify for General Motors 0% loans? Also will they contact the creditor with the open write off about the status? Thank you.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Fri Jul 17, 2009 2:06 am

Why are you having trouble getting your equifax score. It should br as simple as getting the other two. You have three free pulls a year with each agency.
Your score could get you a home loan. You may have to pay higher interest rates but a score of 739 is good and a score of 635 is fair. The only problem I foresee is if creditors are a bit iffy about your write offs. How old are they. Yes that can matter alot. I do not see the zero percent General Motors offer happening. Usually you have to be very well qualified for a loan like the one they are offering..unless they take the chance due to getting rid of vehicles.
Like I said the date really matters when banks look at loans. We had a bad mark on are credit from 6 years ago and with some explaining they did give us a home equity but our score was 680 at the time and we had a very long relationship with the bank plus money in checking and savings.

publius

Joined: 13 Jan 2009
publius's page
Posts: 19

656 Magic Points

Fri Jul 17, 2009 2:32 am

I am really not worried about the car loan, just the home loan. the unpaid w/o is 2 1/2 yrs. old and the paid w/o's are 3. I didn't think what type of marks contributed to your score really mattered unless your score was really bad. My TransUnion score is good and Experian isn't bad. Do really think I could have problems with the home loan?

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