Ok, this will be the 3rd question I’ve asked about the AF thus far. I really appreciate y’all’s help here.
My husband has a credit score of 577 (checked today). We are on the Dave Ramsey plan (for those of you familiar with him) for paying off our debts, which means we’ve just been paying our smallest debt first and then working our way up to pay off the rest of them until they’re all paid off. Goal is summer 2009 to be debt free. Question is, my husband has two credit card charge-offs (one we have paid by settling), and a few very small collection accounts that we are taking care of immediately. The charge-off is for about $3000. What should we do about this? Should we continue with our plan and show the recruiter how active we are being in paying these off or will they immediately count us out for bad credit? And if I have a charge-off in my name, too, will it affect my husband’s chances, as well?
Basically, we were very responsible with credit at first. Then we bought a home and lost a job and got behind badly. Now we are making significant progress in catching up and I’m wondering how we need to show the recruiter this or if my husband will just automatically be disqualified because of credit.
Sorry for the lengthy explanation. Thanks in advance.
Christian