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Hey Roxy, Could you give a little more information regarding Home Vestors?

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Lunchtime



Joined: 29 Dec 2007
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Posts: 108



-20 Magic Points

 
Posted on Sat Dec 29, 2007 11:25 pm  

Quote:
720- 850 = 7.179%


690- 719 = 7.983%


660- 689 = 9.478%


620- 659 = 11.019%


590- 619 = 14.443%


500- 589 = 15.111%
Emmy could you send me the source of your information, I am sure there is some more information there that I am interested in reading. You can pm it to me please.
goodnatured



Joined: 03 Nov 2007
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490 Magic Points

 
Posted on Sun Dec 30, 2007 2:16 pm  

this would be interesting to know, you are right, there is probably more where that information came from. I will keep an eye on this post.
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SunDevilsFan



Joined: 09 Nov 2007
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6571 Magic Points

 
Posted on Mon Dec 31, 2007 12:08 am  

Hey Roxy,

Could you give a little more information regarding Home Vestors? I would like to what this is about..
MCasper



Joined: 31 Dec 2007
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Posts: 25
Location: Pennsylvania


1244 Magic Points

 
Posted on Mon Dec 31, 2007 5:28 pm  

Laura,

It's likely affecting her ability to get credit due to his debt to income (DTI) ratio being high. Also just paying your bills on time doesn't gurantee you a good credit score; approximately 30% of your credit score is based on proportion of revolving debt to available balances.

If you can show 12 months of cancelled checks for the mortgage by Home Vestors an underwriter should be able to remove it as a liability on your loan application. Sometimes they'll settle for less, but not usually... an underwriter's first priority is to cover his own ass.

Before I can give you anymore advice/direction, need a bit more info:
How long ago did this Home Vestor's sale take place?
What type of loan are you looking for?
(I could assume an auto loan, but double checking)
Who have you applied for credit with?
Laura

Laura

Joined: 21 Jun 2007
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36215 Magic Points

 
Posted on Wed Jan 02, 2008 9:30 am  

I got your point Casper.
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Dadummy



Joined: 15 Nov 2007
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174 Magic Points

Subject: car credit
 
Posted on Mon Jan 07, 2008 6:07 pm  

this depends on your credit most dealers check your credit report plus your income and time at present job. if it looks like your secure to handle the debt they gernally will go pretty high, because they have collateral on the loan which what everyone is concerned with these days due to so many people being irresponsible and leaveing cars go back
Laura

Laura

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Posted on Tue Jan 08, 2008 5:32 am  

Why is time considered here? You said "income and time at present job". Just a question on this. I understand why income is considered but why time?
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Laura.
MCasper



Joined: 31 Dec 2007
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Posted on Tue Jan 08, 2008 5:36 am  

Generally lenders go by the rule of two. Two years of: Payment History, Income, Employment, and Residence. However when my fiancée went to get her car, she had only been at her current teaching job for 7 months, she got first tier financing (2.9% fixed APR).

We all know car dealerships will lend money to a monkey if he has a social security number, so long as you are buying a new car.
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Guest







 
Posted on Thu Nov 06, 2008 1:28 am  

MY CAR PAYMENT IS 407.95AND WERE NOT WORKING WHAT TO DO?
carol

carol

Joined: 27 Jun 2006
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Location: Los Angeles, California


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Posted on Thu Nov 06, 2008 7:45 am  

hi guest
Can you a bit specific of the car payment you are talking about so that we can help you out in this forum? Is it a car repayment plan that you are no longer afford to pay because both you and your spouse have lost the job? If it is so, you should immediately contact your creditor and inform him about your problem.
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sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Subject: credit
 
Posted on Thu Nov 06, 2008 12:21 pm  

OHH yea,......CAROL is right. It would be the responsible thing to let your creditors know what's going on with you. I'm NOT saying you're NOT responsible, GUEST...I'm just saying that creditors can be more appriciative of that. That sure would be ALOT better than doing nothing. Everyone has financial issues.....that's for sure. I'm sure they will work something out with you. If not, at least you know you tried.
sdchargers_63

sdchargers_63

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1916 Magic Points

Subject: credit
 
Posted on Thu Nov 06, 2008 12:25 pm  

Also...i wanted to add.....................the way the economy is, it may be difficult to finance a car, even if you have good credit.
Enriquehajela



Joined: 07 May 2010
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128 Magic Points

 
Posted on Fri May 07, 2010 7:33 pm  

Citi financial is good for your score, give payment ontime it increase your score automatically.
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Bad Credit Car Refinance
goodnatured



Joined: 03 Nov 2007
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490 Magic Points

 
Posted on Sat May 08, 2010 2:07 am  

We usually go through a mortgage advisor, we almost refinanced here about a month ago but did not. I hate the entire process when it comes to pulling credit. I have seen our scored increase quite a bit but still is not up there where it needs to be.

We are still working on it, slowly but surely it is coming up.
fireyone



Joined: 26 Feb 2008
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Posts: 4246



123 Magic Points

 
Posted on Sat May 08, 2010 1:43 pm  

It takes time and sometimes a lot of work to get and keep your credit score at as good level. A lot of people are facing problems with this because of the economy. I also considered refinacing but was told we had a really great rate. So unless they go even lower then I will let it be. My husband and I started out with a pretty messy credit report quite a few years ago. Through time and wise decisions it has since improved to a great score. Anyone can achieve these results, you just have to remember it does take time.

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