Quote:
Originally Posted by MeInDenudinFL
I am with Victor pay off the car and part of the student loan and THEN think about buying the house. Also, previous home owner with low credit score like that tells me ( )that it is better to not rush buying the house with all those debt as they are now.
Good luck!
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I think we've decided he will be paying off the car and majority of the student loans.
By the way, he checked his credit score today and it was closer to 680. I think once he pays off those loans (the student loans are counted as 8 separate installment loans, which is hurting his credit), he should be over 700.
His score took a big hit 2 years ago when he found out he had a tax lien from the state of IN. He apparently owed them $50 from 8 years ago, but they never got around to collecting it until 2 years ago- when he no longer lived there. They made no effort to actually notify him. He paid it off immediately once he saw it on his credit, but they won't remove it entirely.