I have recently been approved for a loan and being FHA insured is the only reason why. The bank that has approved me is telling me that I need a credit score of 580 for them to approve a stream line repair program. My average credit score is 561. I have hired a credit repair company recommended from my loan officer/broker. I am paying down my credit card and have recently paid off two things that are on my negative account on my credit report. It has been almost 30 days and none of those negative accounts have reported to me and I can only assume that they will be taken off my credit report. If they are taken off I know it will not be forever. It’s really had to figure out what is it that I can do to get those 19 points.
My question is : If I’ve paid two of those negative account off and if a couple never report back and I pay down my credit cards , Will I get those 19 points within 90 days?
Extra information: Negative accounts on my credit report are a hospital bill, repo,c-cards