Well, apparently my credit is not as horrible as it seems. Yes my score is an embarrasing 520 but that is easily remedied.. There are 2 items which are acting like a ball and chain and keeping my score down... the total amount between the two items is about $1,500.
and so, I set a goal to clear BOTH Items by march of this year.. Plus I am doing things to show a payment history, (secured credit card from my bank, and a few other things...)
Will check my score again in April to see how clearing the two items, plus timely payments of credit card and other items have improved my score...
I have a short term goal of buying my first home within 5 years... Being I am a veteran I could get a discount through the VA, but I have been advised to clear up the bad stuff and bring up my score before even thinking about applying... not only that, you typically need to have 20% of the cost of the home to use as a down payment which means I would need to have that in savings in addition to my normal 3 months salary emergency fund (which I had to dip into last week)
I have decided to Blog this so I can track my progress and also if anyone else happens to read this they can learn from my trial and errors...
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