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billclinton · 03-10-2004, 10:59 PM

I have been slowly rebuilding my credit over the past 2 years. I applied for a home loan, and was approved, right at 2 years ago. My credit score at that time was about 560 and I had several derogatory issues on my report, such as late payments and collections. In the past two years I have had perfect credit activity....paying bills on time, no collections, etc. My score only increased about 30 points. Last month, I had a 30 day late sent in to the credit agencies (I have disputed it because the payment was sent two weeks prior to 30 days late, but the company didnt process until it was EXACTLY 30 days late), my score dropped 62 points from 592 to 530!!!! My credit score is now lower after 2 years of perfect credit than it was when I first began my credit improvement journey.

Any advice on how to deal with this "one step forward, two steps back" journey?

Thanks!

03-10-2004, 10:59 PM	#135 (permalink)
billclinton Insane Location: Arkansas ....summer home in Harlem	I have been slowly rebuilding my credit over the past 2 years. I applied for a home loan, and was approved, right at 2 years ago. My credit score at that time was about 560 and I had several derogatory issues on my report, such as late payments and collections. In the past two years I have had perfect credit activity....paying bills on time, no collections, etc. My score only increased about 30 points. Last month, I had a 30 day late sent in to the credit agencies (I have disputed it because the payment was sent two weeks prior to 30 days late, but the company didnt process until it was EXACTLY 30 days late), my score dropped 62 points from 592 to 530!!!! My credit score is now lower after 2 years of perfect credit than it was when I first began my credit improvement journey. Any advice on how to deal with this "one step forward, two steps back" journey? Thanks! __________________ No Comment....