Kelly: you could be 6 months away from a more acceptable 620 average fico score;
This is a sugestion. pull up you credit, then go over all the negative. check and see if any accounts you have already paid off or are in a payment plan and read the remarks. If the account does not reflect its current status, then write a letter to the creditor to correct it. Most creditors are quick to place bad remarks but slow to clean up. Your neagtive report from a creditor is not going to show it totally gone once you settled, that will take greater than 7 years. But what this can do is inform other institutions on the remarks section of what has happened. E.G: settle for less than owed or: on a payment plan or, transfered to another collections agency so its closed. One the other hand you need to increase your good credit. Think of it as a balance. let the good outweigh the bad. Pay off any judgements on it, is a must. then go get a secured credit card from your bank, of 300$. put only 20$ of anything on it, and then make minimal payments, the low balance will increase your score. if you just try these simple measures you should have another 30+ increase or your fico score. Remember it will take about 60 days per change on your credit. Kelly I hope this helps. maybe not today, but you will find another foreclosure for sure later.