is it normal for a credit score to drop 100 pt after getting a house
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It's very possible. I was able to get my score from 541 to 766 in 7 months. I had 3 accounts deleted, finished playing off a small loan, and got on as an authorized user on one of my mother's credit cards (perfect pay history, and 14% use). Lowering debt, and good pay history is the key to this. Hope this helps. Oh, one more thing stay away from credit cards offered here where they tell you that your odds are great. Remember they are only going by Transunion numbers, and the credit card you apply for might check one of the other two...so you might get denied, and a couple of points off your score.
27 days ago i was forced to try and buy a house call a few credit repair co and ask questions did some internet searches on credit repair and signed up with all three credit agencys monitoring and credit karma my scores then were 607 exp 557 trans union 529 equ i took control of my credit first paid down my credit cards to 14%,(had 2 first premier cards orchard bank and credit one all 300-500 limit cards) then disputed everything negitive on my three reports after 20 days i had 40% of the negitives removed some came fast some slower then call all that were left and spent hours trying to get thing off some i negotated to settle only if the removed and some pad in full to remove them. i had 14 collections late payments and neg balances totaling close to 7000 dollar that cost me a total out of pocket 928.69 to take care of today i have zero collections and 1 account with late payments and zero past due or settled for less balance and cam proud ly say exp score 688+71 points equ 609+80 points and trans union 661 + 104 points and a 30 year morgage @ 3.67 rate so Yes it can be done and it's only 27 days later now all i can do is wait for good pay of bills to see 700 750 800 coming soon use the credit simulaters in all 4 site all a little different and keep runing simulations till u find the ones that tell u what u need to fix first that gives u the biggest jump in points 27 days ago my morgage broker thought that i could not do this and was going to have to use the owner financing to get my morgage and i proved him wrong it takes checking the report daily and haveing some money to pay off what u can't get off and call the creditors remember the pay to have thing reported and don't be affraid to talk to a supervisor good luck and you too can raise your score,mike york pa
After 7 years from the date of the first deliquiency the credit reporting agencies have to take off all bad information from your report that is federal law. When you check your report look for the dates when you first went deliquent. If you missed a payment or are deliquent they go from the very first date you became late or deliquent and go 7 years from that date, Bankrupsies stay on the report for 10 years so do IRS liens even if they are paid off. lawyers do not tell people that if you file for bankrupt it will stay on your report for 10 years even if you pay off all the debt you have to wait 10 years before it will drop off the report, a long time.
Very good point. The advice being given here is based on TRANSUNION. Well CapitalOne might check Experian to determine credit approval. I also had 4 accounts deleted, I also got on my Girlfriends CC and she has a 25,000 limit, I opened my OWN Secured Card with American Express and my score went from 523 to 752 in about 9 months.
