 Posted 8/27/2008 6:59:55 PM
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My husband and I are trying to buy a house. His credit csore is in middle 500's mine is bout same.
he has been on same job for 5 yrs and had same checking account for 5 yrs. he has good and bad credit,, i draw disibilty..
who is the best company to try yo go thru?
we dont want to try to go thru to many and lower his points!!
kim
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Posted 9/9/2008 4:45:52 PM
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| You may want to talk with a credit counselor. Loans these days are more difficult to secure. You may have noticed that on many lender sites, they make the rate assumption based on a credit score of 720. In talking with the counselor, they will tell you what steps you need to take to increase your score. For instance, ALWAYS pay your bills on time even if it is just the minimum amount due; try consolidating debt into a low interest loan. Try to pay off as much debt as possible. Dispute anything that may not be true on your credit report. Close out cards that you don't use, and only spend in a month what you bring in through income- for instance, if you make $2,000 a month don't spend more than that. Don't know if this helps. I too am a bit nervous about the loan application process because I have high student loan debt that may effect things.
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Posted 11/2/2008 5:42:55 PM
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| Still in need of assistance on getting approved for a loan in this market, I can help. I have several lenders who lend to people with less than perfect credit. All you will need is a 530 or better fico and 2 years of steady work history and you are approved. Also if you are in need of housing after you get approved, I can assist you as well. Email me at ahmanwright@yahoo.com if you've answered yes to the above questions. Leave name, number and time that I can reach you. Or if you have more questions email me and I'll will be happy to answer them.
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Posted 11/17/2008 3:59:55 AM
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Kimbo, go to a credit repair company and get your credit fixed. I personally have e used Lexington Law and they did a good job. I would than speak with a mortgage banker about FHA financing. Fha is the best way to go right now if you do not have a high credit score and 20-25% down payment. Down payment is currently 3% and your score can be as low as 580, but speak with a lender to get more specifics.
John
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