Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Credit Score in Cook County : Real Estate Advice

  • All32
  • Local Info2
  • Home Buying13
  • Home Selling5
  • Market Conditions0

Activity 19
Tue May 14, 2013
Matt Laricy answered:
There are plenty of them out there. Try calling Tony Lupescu at 708-351-6416.
0 votes 12 answers Share Flag
Sun Aug 4, 2013
Christina Hayes answered:
Hello. A collection is rated as an R-9. This rating lowers your credit score by a minimum of 50 points, therefore you can expect the opposite to occur when a collection is deleted. You can get a snap shot of your credit score(s) for free by visiting (this will give you your Trans Union score) and (it is believed that this may be your Experian score). Best of luck. Christina of Everlasting Credit Repair. ... more
0 votes 5 answers Share Flag
Thu Nov 14, 2013
George Raymondo answered:
Your mid score is 626 therefore you should be able to qualify for an standard FHA 203b loan providing you meet income, debt, and employment qualifications. I recommend finding a local Realtor and ask them for a Loan Officer referral. They are supposed to you at least 3-4 so you can interview them and see what each can do for you.

Best of Luck!
... more
0 votes 6 answers Share Flag
Fri Nov 15, 2013
Daniel Alvarez answered:
Sounds like you are good to go. I'm almost certain that any loan officer would say the same.
0 votes 16 answers Share Flag
Wed Oct 24, 2012
Philip Sencer answered:
Not sure how you can do that although you are entitled to one free report each year which will not affect your score.
0 votes 8 answers Share Flag
Wed May 6, 2015
Gregorio Denny answered:
You can get a mortgage even if you only have 2 scores, lenders will just use the lowest.
0 votes 9 answers Share Flag
Tue Feb 14, 2012
Scott Godzyk answered:
If by a personal loan you mean unsecured, probabily no. If you are looking for a line of credite, equity loan, 1st or 2nd mortgage secured by a property, maybe depending on if you have the equity and the ability to pay back. You should meet with a local and trusted loan officer who can look at your credit and financials to see if anything is available. Anyone else is just giessing without looking at the whole picture ... more
0 votes 2 answers Share Flag
Tue Feb 4, 2014
Davis R. Chant and Nicole M. Patrisso answered:
I would definitely talk to a mortage person....even if you can't get approved right now they will be able to give you some advice as to what to do to bring up your score!
0 votes 18 answers Share Flag
Tue Nov 1, 2011
Tim Moore answered:
Having no credit history is not as bad as having bad credit history. Show that you have a job and income and you should be ok.
0 votes 8 answers Share Flag
Tue Oct 18, 2011
Alan May answered:
a reference from your Minnesota landlord might be helpful, but you may still have to give a hefty deposit, and perhaps pay several months upfront, in order to make any potential landlord feel comfortable with such a low credit score.

meanwhile, you want to try to protect your credit for future. as you're learning, it can be very important.
... more
0 votes 2 answers Share Flag
Mon Mar 13, 2017
Shane Milne answered:
First, congrats on your efforts, it's tough working on your credit.

It depends on when the charge-offs were and if there was a balance reported as well as the limit. Charge-offs report as a revolving balance most of the time, so if yours did, and there was a balance over the card's limit (like 9 times out of 10 it is on a charge-off) then you will get some score improvement just from having the utilization decreased. If the charge-offs were within the past 24 months, then the removal of the negative information from the reports should also result in a score increase. However, one factor in your score is the AAoA (Average Age of Accounts) so if there is very minimal credit history and the 3 charge-offs had a lot of "months reported", then the AAoA will be reduced and that hurts scores. As soon as the charge-offs are removed from each of the credit bureaus then the corresponding score will change - as in that same day. You can subscribe to a credit monitoring service like to get alerts when it happens.

From what you have said, "only remaining late payment is from 30 months ago", I suspect you will get a score increase, but depending on the variables above will determine how much of a score increase will happen.
... more
0 votes 9 answers Share Flag
Tue Jan 25, 2011
Sally Grenier answered:
Hey Lebron,

I'm confused by what you're looking for. If you're trying to get pre-approved for a loan, you don't need pay anything to get your credit report. Talk to a lender or morgtage broker, and they will run your credit report, and let you know where you stand.

If you and your wife are co-applicants they will look at both credit scores individually. Sometimes, if one spouse's credit isn't so good, they will sometimes just use the other spouse on the loan app.

Do you need the names of some lenders? Let me know.

... more
0 votes 20 answers Share Flag
Thu Jan 6, 2011
Delaine Campbell answered:
Your credit score is the biggest thing right now probably. Plus I believe there is a waiting period.
If you go to the Fair Credit Reporting Act I think you can find info on it there. I've been told 2 years by some lenders, but some lenders say 7 years. You can apply anytime, but whether you can get a loan is another thing. I would talk to someone at your local bank (small community bank) to start with. They tend to be a little more lenient on those who have imperfect credit. You may need to hire your bankruptcy attorney to help you clean up your credit, which will help with your score. Sorry I don't have more info. But every lender is going to have their own inhouse rules for this, at least that's what I've seen. ... more
0 votes 5 answers Share Flag
Thu Aug 12, 2010
David Cruickshank answered:

There is a program called Fannie Mae Homestyle but very few lenders offer the program. It is a conventional loan so the down payment amount would likely be 10% if it is the borrowers primary home and 20-25% for investors.

If you do decide to use the 203k loan then let me know and I can help you. Read my website at

Good luck!!!

David P. Cruickshank
Ardain Mortgage Corp
... more
0 votes 4 answers Share Flag
Sat Dec 12, 2009
Robin Silverberg answered:
When anyone runs your credit, their arrangement with the credit score provider prohibits them from giving the actual report to you. However, there is a government regulation that requires the scores be disclosed to you during the mortgage process. You can get your own report, however if you pay for the scores, they will most likely be quite a bit different from the ones that are run for mortgage purposes. If you find out that your score is low, and you trust the person you are working with, ask them if there is anything that you can do to improve your score. Without knowing exactly why you are asking the question, it is difficult to interpret what kind of answer you are looking for here. ... more
0 votes 2 answers Share Flag
Wed Dec 2, 2009
Marcella Cohen answered:
Hi I'm Marcella Cohen with American Invsco Realty. I work with a team that includes a finance dept working with over 40 lenders, That have a number of diffirent programs available for people just like you. Are you currently working with a realtor? Please let me know I would love to help you find & finance your "Dream" home. To Check out more on me & my Chicago listings visit ... more
0 votes 4 answers Share Flag
Wed Dec 2, 2009
Jennifer Ames answered:
Leslie Strutuers at Guaranteed Rate can coach you through what you can do (and should not do) to improve your credit score. Her email address is or call (773) 290-0360.

Best of luck,

... more
0 votes 3 answers Share Flag
Sun Oct 3, 2010
Cindy Vedder answered:
Go to
They will provide you with your credit report and ask you to pay a small fee to obtain your "FICO" credit scores. Visit all three sites and you will have all the information you need.
Good Luck Nikki.
Cindy Vedder, Prudential California Realty
... more
0 votes 9 answers Share Flag
Search Advice