dewingedfairy
New member
Here's the back story:
My husband and I (and our 2 yr old daughter) live in PA. We have been struggling for years to finish our college and work at the same time. He just now graduated and entered his career. I graduate in December and start my career as an RN. We estimate next year our Gross income should easily be 110K or higher combined. (we estimated with minimum pay).
Here is the problem: Two years ago we had perfect credit. But then we started being late on mortgage payments over the past year due to financial school struggles. Now our credit is 500! I am so horrified. We need to move to lower Maryland around Washington DC for my husbands job within the next year and a half. BUT we need to get our credit score to improve. This month I am finally getting our mortgage payment back up to on time after five consecutive late payments. So now I know never to be late again. Now that my husband is working in his career we should not have that issue. I have 9000 in credit debt on high interest credit cards. We have about 7 different items on our credit report in collections (small stuff 50 here 20 here) that I plan on paying off. What is the outlook of us improving our credit after damaging it for the past two years? We want to sell our home hopefully next fall and purchase a new home in the Lower maryland area, but I fear that our credit wont improve enough. Any tips would be great. Now that I will have an income in January and my husband now has an income I would love advice on getting some great credit and getting back in shape!
Thanks!
My husband and I (and our 2 yr old daughter) live in PA. We have been struggling for years to finish our college and work at the same time. He just now graduated and entered his career. I graduate in December and start my career as an RN. We estimate next year our Gross income should easily be 110K or higher combined. (we estimated with minimum pay).
Here is the problem: Two years ago we had perfect credit. But then we started being late on mortgage payments over the past year due to financial school struggles. Now our credit is 500! I am so horrified. We need to move to lower Maryland around Washington DC for my husbands job within the next year and a half. BUT we need to get our credit score to improve. This month I am finally getting our mortgage payment back up to on time after five consecutive late payments. So now I know never to be late again. Now that my husband is working in his career we should not have that issue. I have 9000 in credit debt on high interest credit cards. We have about 7 different items on our credit report in collections (small stuff 50 here 20 here) that I plan on paying off. What is the outlook of us improving our credit after damaging it for the past two years? We want to sell our home hopefully next fall and purchase a new home in the Lower maryland area, but I fear that our credit wont improve enough. Any tips would be great. Now that I will have an income in January and my husband now has an income I would love advice on getting some great credit and getting back in shape!
Thanks!