Mortgage for young person with bad credit?

Hi everyone, any advice on this would be much appreciated. I've just recently turned 21, i got a 5k loan out at 19 and kept up with the repayments until 6 month ago was jobless so a bit behind but i hope to get bk up to date soon, i also got a tv and laptop on finance which i also fell behind with the repayments when i lost my job. I'm hoping in maybe a yr n half or so to look for a mortgage as the house me and my partner with our kids are in which we private rent is the dream house for us, and the landlord is looking to sell in maybe a yr :( Does any one know how to go about trying to get a mortgage with the bad credit i must have, also being so young. ThanksMortgage for young person with bad credit?
creditreport.fateback.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.Mortgage for young person with bad credit?
Having bad credit will be a major problem. If you have a large amount to put down on the property...it may or may not help.
This will take time, and cutting your expenses to the bone. I would concentrate on going to classes to improve your job situation. Do not buy anything else on credit. Try buying what you need at a thrift store, or do without. You need to have as little debt as possible to improve your credit. Most of all, be patient. You could offer the landlord a lease option, or get him to give you the ';first right of refusal'; This means he has to offer it to you before he puts it on the market.
Try and clear your credit asap and don't take out any more.



If you do decide to buy next year, ensure you have a decent sized deposit of at least 10% pref. 20% and employ the services of a mortgage broker. He/she can take your circumstances into account and find the best deal for you. However, whilst it may not be too difficult to get a mortgage especially if the market picks up, you may have to pay through the nose for it.



Good luck
It is possible to obtain a mortgage with bad credit however you will be paying a higher interest rate and it will be necessary to have a deposit - around 15% would be typical.



This is not to say that within a year or so there wont be more options available to yourself but at present it would probably be best to concentrate on getting back up to date with all your repayments and trying to repair your credit score.



When the time comes for you to look for a home loan seek mortgage advice http://www.wwfp.net/mortgage/mortgage-ad from an independent broker to ensure all of your options are explained to you in detail.



Disclaimer:

The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.unbiased.co.uk

how to break up with someone you love

row cell

Can a person (age 70) w/ bad credit and multiple refinances on their home be eligible for a reverse mortgage?

My 70-year-old aunt just refinanced AGAIN for a 30-year mortgage. Who expects to be paying at mortgage at 100?



Anyway, after doing some research I have learned that she has refinanced about three times and has bad credit (576 score).



I want to help her figure her way out of this. She said her son and her adopted son (who is 11) won't want her house when she's gone. So I found out about the reverse mortgage.



With these issues in mind, would she be eligible? Would that get her out of paying her mortgage 100% or only the overall loan amount ($282k), minus the amount the home is worth ($95k).



I know. This all sounds bad, but her 40-year-old son could careless about her affairs, and as her niece I want to see how I can help her out of this mess.



Unfortunately, I learned about it once all the damage was done. Also, if she is a candidate for a Reverse Mortgage, are there any cons to this concept when a house is in shambles and no one wants it once the owner is gone anyway?Can a person (age 70) w/ bad credit and multiple refinances on their home be eligible for a reverse mortgage?
I'll keep it simple.



I couldn't really follow your numbers, but the bottom lines is equity.



There must be a sufficient amount of equity in the home to qualify for a reverse mortgage. As long as she's 62 years old or older and the HOUSE qualifies, then all that other stuff doesn't matter.



Try this calculator to get an idea:



http://www.financialfreedom.com/calculat



I'm not promoting one company or program over another, but this is a quick and easy referrance that I like to use.



Once you see that she qualifies, THEN, you need to decide if a reverse mortgage is right for her.



Good Luck.



P.S. Put a ';Credit Freeze'; on her credit. This way nobody can issue her credit until she is notified (you can put your contact info for notification).Can a person (age 70) w/ bad credit and multiple refinances on their home be eligible for a reverse mortgage?
Sounds like your aunt has some real issues here. With the outstanding loan amount on a house with little equity, a reverse mortgage may not be a viable option.



Her credit is not a factor, and her age is in her favor.



Find a mortgage broker in your area who has experience with reverse mortgages to see if anything can be done for her situation.



I wish you all the best of luck.
I disagree with some theories about age and credit scores. That is not the only criteria that is taken in consideration for loans, and moreover, as the US has shown that inspections %26amp; appraisels are overrated; its the real equity that is KEY to the borrowing of funds against any chattle mortage.

So my answer to a reverse Mortgage is, if the equity is there within the structure %26amp; the enviornment is secure, you will be entilited to a percentage of the value of the home until it reaches its cap.
if she is 70 yr old how dose she owe 282k i would consult an attorney and sue the broker that con her to getting that type of mortgage, forget about the reverse mortgage,

it is base off 26% to 30% of her equity of the home the equity is gone so your out of luck.
Well with that kind of credit and multiple refi's, there's probably no equity in her home. Your numbers didn't make sense to me. She's paying high interest rates with such lousy credit. Try your local senior center for referrals to find some credit counseling and what's out there. She's made a series of really poor choices to get to where she is, and the refi's are only part of it.



If she has no equity or owes more than the home is worth, a reverse mortgage is impossible. Good Candidates for reverse mortgages are those who bought a house, paid on it , paid it off, and need some income while in retirement. The house being in shambles impacts its viability for a reverse mortgage. Relatives not wanting the home once she's gone has no impact on its eligibility, in fact is good, as the home will be sold to pay off the reverse mortgage.

Bad credit entries from 2000?

I was very stupid with credit while i was younger. I never paid on five different credit cards. There is now five years since the last activity is being reported. I want to purchase a house within the next year and cant wait the seven years that it takes. They all say paid collection or charge-off. Any ideas on how to approach the compainies so they get some money back and upgrade my account? What percentage should I offer them as a settlement. I keep hearing they sell the accounts for pennies on the dollar. Any idea how much they really get?Bad credit entries from 2000?
It is screwed up, but paying those bad loans will make your situation worse. It will kill your FICO score, becuase it will make the deliquency current. Your FICO score may have recovered since your mistakes.



You probably want to work with a mortgage broker who can look at various lenders with various programs. You will probably have to pay a little more than someone who has perfect credit. Make sure even if your rate is not great, you do not pay any points. In a couple of years when the deliquencies have dropped off your credit report, you will want to look at refinancing.Bad credit entries from 2000?
I know this might sound hard to believe, but everything VA treasures wrote to you is true. I am a mortgage broker who deals with this sort of situation every day. The first thing you should do is check your FICO scores. A mortgage broker can provide you with this information. Good luck!

Can i get a shared mortgage with possible bad credit?

Okay, i'm single and i know i'll never be able to get a house on my own. I need one thats in a ';decent'; area as i work as a police officer - no, there is no housing allowance for cops anymore. So, i decided for the next few years to build up some equity and go for a Newbuild Hombuy. I have found a property that i'm interested in and have reserved it. My problem that i'm facing now is getting a mortgage. I'm worried that i wont be able to get my share of the mortgage (拢60,000 for a 40% share) as i seem to have bad credit (they say i ';dont meet their criteria) - or thats the reason why i can never seem to get a credit card. Yet i have finance on some electricals, pay monthly car insurance, pay monthly rent which i havent missed a payment on any, so how can my credit rating be so bad? About 3 years ago i was paying off a loan, i had to switch the payments to the minimal payments, could this be whats stopping me getting credit cards and a potential mortage. i'm 26, i have no deposit eitherCan i get a shared mortgage with possible bad credit?
Hi ?When considering a mortgage, it is always a good idea to know what your options are. Don檛 jump into anything without first knowing what you are getting yourself into.



If you have bad credit, then you might want to try and work out why this is and what they know about you:



http://www.clickngomortgages.co.uk/bad-credit-mortgage-what-they-know-about-you.asp



Have you got any outstanding debts or CCJs against your name or have you ever been declared bankrupt? They can see your late payments and any problems that you might have had and how you run your account on a day to day basis. If you have paid off any debts, then make sure that these have been wiped from your information as they could still be showing and hindering your opportunities.



Have you ever voted? If you are not on the electoral roll, then they can檛 see where you live or who you live with ?vital information when money is concerned, so get on.



If you are still in the dark, then why not look at ways to improve your credit rating:



* Electoral roll; Get on it!!!



* Credit Application; be careful of applying for loads of credit in a short period of time is detrimental to your credit rating; especially if you keep getting refused credit.



* Credit Rejection - if you're rejected credit once, immediately check the files are correct. Don檛 go to the next lender and get rejected again this will have a downward spiral effect on your credit rating. Ask the lender which credit reference agency it used to assess your info, and then check it.



* Get a 'quotation search' not a 'credit search'. Ask the lender to do a 榪uotation search' and not a 榗redit search'. This means the enquiry won't have a negative impact on your credit score if it is rejected



* Stability - evidence of stability is good. Home owners rather than renters, and those who are employed rather than self-employed, tend to score more highly.



* Bills - Home phones and mobile phones on direct debt and not ';pay as you go'; will build your credit score. So will having utility bills in your name.



* History - being with the same employer, bank and current address for a while all help too - 3 years is normally good.



* Cancel unused credit cards, debts and accounts. Access to too much credit, even if it isn't used, can be a problem.



* Credit cards - No credit history means that it is more difficult for lenders to score you and you're more likely to be rejected. If you have no credit cards apply for one, it builds your credit history. Use it for 6 months to a year, spending a little every month but strictly repay it in full each month, so there's no interest cost.



* Keep up with your payments - make sure you keep up with all your payments and never over stretch yourself financially.



If you still don檛 know, then why not run a credit check on yourself. http://www.clickngomortgages.co.uk/bad-credit-mortgage-check-credit-files.asp

Once you have all of the facts, then it will be clear to you as to whether you can afford a mortgage or not and the best one for you. Good Luck.Can i get a shared mortgage with possible bad credit?
maybe difficult with no deposit and if you do go to one of those companies that deal with high risks you pay extortinate prices .
My advice to you is to wait. There's no rush. Given your current financial situation, I think the worst thing you can do is buy a house.



Instead, take the next two/three years to save some money, pay off your debts and work on qualifying for a credit card. When you get that card, play it religiously.



Don't try to put the cart before the horse- so to speak.
You can get a mortgage but you will probably pay a little more for the first year. preferred offer a subprime mortgage but you can't go to them direct so you should go to a mortgage broker. there is a magazine called on the Ladder which has information. You can download a copy at http://www.ontheladder.net

How to find a rental fast with bad credit?

Hi, I was wondering if I could get some opinions from a few people. Anything would be appreicated.



Ok, here goes. I'm really young, only 19, but have messed up my credit pretty bad. I didn't understand how credit exactly worked, and how it would effect my future. I was young and stupid. I also got an eviction within the past year. None of these things I can take back, but am working to fix my credit and learning from my mistakes. But they have gotten me into a hole that's way too deep for me to get out of for the next few years at least.



I'm living with my boyfriend in a house with some of his relatives, and the conditions have become unbearable. The people in this house are nuts and we need to get out.



The problem is my boyfriend and I both have an eviction, and poor credit. But we need to get out as soon as we can. We are good people, we don't steal or cheat or have felonies or anything, we have just ****** ourselves basically.



Is there anyway we can find a place to rent? We can afford it, but the problem is finding somewhere that will take us. I really don't want to live in someone else's house. We have already tried that.



If anyone has been in a similar situation, will you please give me some advice?



Thank you.. feel free to ask questionsHow to find a rental fast with bad credit?
Um, if you could afford it,why did you get an eviction? That's the explanation you are going to have to make to a potential landlord. Frankly, I wouldn't rent to either of you when there are plenty of other tenants out there with good histories. Plus, you are only 19, which doesn't help, because your life can change so quickly at that age and landlords want stability.



What i would do is get your credit report for free at www.annualcreditreport.com, find out what is on there that is causing the bad credit, and clean that up. At the same time, save up as much money as you can for a hefty upfront payment to a landlord. If you offer them a month's security deposit and to prepay three months rent in escrow, they might give you a chance. If you can't afford to put up four months rent, then you might as well stay where you are. If you can show a landlord a bank account with four month's rent in it, they might be persuaded to give you a chance.How to find a rental fast with bad credit?
You should have a large security deposit saved up and available. Then, a lot of your credit problems won't matter as much.
Don't know the situation that cause you to get a ding against your credit report, don't care. Here's what you need to do! You and your boyfriend! find a private owner who would be willing to work with you. You may have to provide a larger security deposit you may not you may have to only provide the first %26amp; last month's rent plus security deposit. I don't know for sure each landlord is different. Now to fix your credit situation. Get the free credit report as the other poster as mention and get those creditors (who you owe) contact information and work out a repayment plan make sure you get a final payment letter stating that your obligation has been paid in full %26amp; send a copy of that letter back in too the three credit bureas yes there are three to correct the information on your credit report so you can get on with reestablishing your credit. You've learn a valuable lesson at a young age now you know how valuable credit is once you get your credit reestablish keep it that way by paying your creditors on time and not living like the joneses live within your means. Take care!
With both of you having bad credit AND evictions in the last year on your records.. you would have to find someone who is either naive enough to not run a background check or credit check on you, or just likes to take chances..LOL



You say that you are *good people* and don't *steal or cheat*. Hmmm.. why did you get evicted? Why is your credit messed up at the ripe old age of 19? If you got evicted because you didn't pay the rent..well, that can be seen as stealing and cheating the landlord out of his rent money..same goes for whatever loans or credit cards you defaulted on.



You have to see it from a potential landlords viewpoint. You guys are high risk, and there is absolutely no guarantee you aren't going to stiff the new landlord when someone gets laid off, you break up, or things just basically get *hard*. You have a history now of abandoning your responsibilities, there are consequences for that.



The people you live with now may be crazy or driving you crazy, but it is a roof over your head.

Bad credit, decent job, single mom, $60,000 for down payment...can I get a mortgage?

I've got some bad credit due to medical debt, owe about $2000 on two open credit accounts. I'm single, four kids, good record of working as a nurse with income about $40,000/yr. I'm also a student, upgrading my nursing degree. I've just been gifted with money that I want to use to buy a house. After I pay off my current debt, I could put down maybe 60-70K and still have a little in reserve at the bank. Real estate values for what I'd need to buy for my family will probably be between 170-190K. What are the chances I'll be able to get financed (considering the good down payment) and how will that affect my interest rate?Bad credit, decent job, single mom, $60,000 for down payment...can I get a mortgage?
That is a huge down payment! I think that in this economy that now is the time to buy a house at a good interest rate. I think that your job and down payment will qualify you for a good interest rate. Once you pay off your debt it should not be a problem. Most people look at medical debt differently than credit card debt. Take your time, Shop around for good financing and continue to make good financial choices. Congrats, and good luck continuing in schoolBad credit, decent job, single mom, $60,000 for down payment...can I get a mortgage?
As a Nurse in most areas there are special loan programs set up for you. Seek out a Mortgage Broker that knows how to work with these programs. You can ask your HR or Union rep who they would recommend you use. Even with bad credit it should still be possible with the down payment you have. I would suggest that you put 20% or $38K down and keep the difference as a cushion. The lender would rather see you with reserves than an empty bank account.



Good Luck
Sounds like you have the down payment, but the credit will be scutinized with a jaundiced eye by the underwriters. Pay off your credit cards...now. Get prequalified to see what interest rate you may be offered. Again, bad credit is going to be difficult to overcome, because even though you are making a large down payment, the bank would worry about you making the payments on time. Might you find an owner contract deal? That might be easier to get. Good luck!
I'd say if you pay off your debt and put that much money down you will probably have no problem getting a mortgage, in fact you'd probably get a decent rate right now being that it's a buyers market. Make sure you get a fixed rate mortgage and not an adjustable rate.



Good luck to you.




i would say wait and improve your credit it will save you thousands
There is not enough information to answer your question.

What is your score?

What is the derog on your credit report?

How many derogs are on there?

When was the last time you were late on a payment?

The easiest thing to do is go to the bank and have a chat, fill out the paper work and away you go. Just so you know, you will have to have an approval letter from a bank before a Realtor will even show you houses.

If things don't go well at the bank, look for houses where the owner will carry the contract. They are out there and good luck.
I'd try to find a house with no mortgage and ask the seller to hold the financing. Keep $10,000 in a special savings account for emergencies so you'll never have to worry about paying on time. You should be able to get an interest rate of about 7%, which is higher than a conventional mortgage but gives the seller an incentive to do this. In a few years (as little as two), you can refinance if you can lower the rate.



For now, this will get you in the door as a homeowner while your credit record recovers. Find a good real estate agent who understands owner financing.

HELLLLPPPPPPPP!!!! Bad Credit?????

i am 17, and i graduate in 2009. People call my house everyday about paying them off for something i supposedly bought, etc. I went to the police station with my sister when i had a bank account, and we got it a police statement and had it closed, b/c someone in the bank was using my account, and someone unknown. At the time, we had a computer that wasn't virus protected, and spyware protected, and it would tell us that people could get into our computer for personal information, but my mom always figured the programs were lying trying to get money. How can i fix this? I don't want to go get a car, or try to get an apartment and be denied for something my mom cluelessly ignored. Do we tell all the people to just leave us alone, or do we get police reports for them all,???? Credit cards are in my name, and auto loans, and stuff, i have no car, and true to god, I CAN'T EVEN DRIVE!!!! How do we fix it, b/c i know this is giving me bad credit if there are loans and credit cards involved. I wanted to wait til i'm 18 to handle this, b/c i figured it would be better, but any suggestions, and comments, are welcome, no dumb ones please!!!

Thanks!!!!!HELLLLPPPPPPPP!!!! Bad Credit?????
If people are using your name to get them credit (i.e. credit cards), then yes you should go report to this police as this is called identity theft!!



You also need to contact the credit bureaus (Equifax/Transunion) and let them know that your name was fraudently being used by other people and that you are not responsible for this debt. They will red flag your credit and fix the problem (in time).



Get it sorted out now!HELLLLPPPPPPPP!!!! Bad Credit?????
OH my goodness . I am sorry to hear that. I believe you need to contact the credit bureas and let them know before it gets to late and no do not wait till u are 18 you need to do this now! So you can get everything situated before its to late. GOOD LUCK
Call the District Attorney and ask for advice. Put a freeze on your credit report(s)
I would try to sort this out before you turn 18, if you can. You should definitely go to the police and tell them about your name being used by someone else. Else you will get in trouble some time, if you aren't already.

Else you may end up needing prepaid credit cards like these: http://tinyurl.com/prepaidccs because you are getting bad credit.
Hi!



Hope that i can help you. By joining this website, you can earn money. Its all free and more important is its LEGAL. Don't worry, i have done it. And now i can earn more money for my university/college



http://www.associatedcontent.com/join.html?refer=279607

vb

web design and hosting

What does bad credit do for the other person with good credit buying a home?

Now I have ask this question before but if he could do it on his own and still get what we are looking for.I am wondering how bad they can flip his 785 if mine is way way under that.I hear they take mine and not his.I don't that it is fair if it is true.What does it do if we wanted to add my income and horriable credit to our loan?Really give me the ugly.We want a 200,000 house I am scared his 54,000yr won't be able to get the loan.Even with 10,000 down and a 785 with no debt withour my 25,000income.I have no debt ever!But I have a CCCS program on my past.What does bad credit do for the other person with good credit buying a home?
THis is a recurring problem. The one with the money has bad credit. The one with the good credit has no money. (not exactly your situation but close). You will pay 8 percent interest for 30 years in your scenario. Go ahead and do it. Then you both own the house. Later you can refinance to a better rate when the CCCS is done. /What does bad credit do for the other person with good credit buying a home?
With zero debt you may be able to pull it off, but with the softening market why don't you do some VERY agressive savings and use the next nine months or so to bring up your credit rating and build a better cash reserve?
You low credit score would most likely cause you to pay a higher interest rate. If neither one of you have any debt then that might help. I don't know what a CCCS program is. You can call a few lenders and explain your situation and ask what they can do for you. Explain that your credit score is low but his is high and tell them how much your income is and the price of the house you want. The lenders will be able to tell you if they can do a loan solely in his name or not and how much effect your low credit score will have if they have to use you. Most lenders will talk to you and do what they can to help.

Bad credit and in need of loan information?

Times have been a bit rough for me lately, and I need to know about getting a loan. I luckily live in a town of like 6 banks, and surely one of them would work with me.



I have a credit score of 541 [according to Freecreditreport.com]

I have two people that have decent credit that are willing to co-sign



I recently went to a bank and asked for a loan of 6k to buy a house and take care of some personal problems. I was literally told to get out of his office after he heard how much I made. Lol.



I work part-time as a pilot car, which I make pretty decent money in this profession, but I haven't been able to escort for a while now. Anyways, I need to go to all of the banks tomorrow to get a loan for at LEAST 2k. Will these things be able to help me?:



-My boss is willing to go down and co-sign for my loan. They own a home, their business, and they make at least 4k a month.

-I make 800 a month through their job.

-I make 900 in two days when I escort, and work can be steady.

-I can pay the bank back whatever they need me to.

-I DO NOT have anything for collateral.

-I am only asking for a small amount to make a truck payment and get back on the road.



With my credit score of 541 [bad], a cosigner, and a decent income, will they be able to help me?Bad credit and in need of loan information?
Yes, a cosigner with good credit and proof of income will get you the loan, just do a little shopping, watch the APR and fees, almost every loan officer will try to take advantage of you low credit score.

If you can make good money and don't care too much about the cost any financial company (the good old loan sharks but they call themselves now high risk lenders) will lend you the money with a cosigner but the APR would be high. Try a bank first, CITI financial also might get you approved with a 20% APRBad credit and in need of loan information?
I am Helen Martins I saw your question on how you need loan,I will direct you to helpers loan company who help me with loan a week ago with monthly repayment schedule and interest rate of 3% here is the email address helpersloancompany@yahoo.com and tell him I directed you.
I am Helen Martins I saw your question on how you need loan,I will direct you to helpers loan who help me with loan a week ago with monthly repayment schedule and interest rate of 3% here is the email address helpersloan@yahoo.com and tell him I directed you.

Buying a for sale by owner with bad credit.?

So I've searched google and resolved questions and I can't find the answer I'm looking for.



Long story short: My husband and I inquired about buying a home and the lady (realtor) that did the credit check and such said that we would have better luck buying a home sold by the owner. She said my husbands credit is ';fair'; and is 10 points below what it needs to be for her to assist us. I already know my credit wont help. It will take another year for it to be where I want it. We don't have any current ';dings'; It is all old stuff that we accumulated separately before we were married and we are working on fixing it now.



I found a house that's a for sale by owner that is in our price range. She told me that I would work with my bank and they would help me take care of all of the financial stuff. The thing is we have already been told by one person that our credit is too low, but to go with a for sale by owner. How is this going to work with bad credit? It doesn't make sense to me.



She (the realtor from b4) also told us that based on our income and bills that we were approved for 200k. We are actually looking for anything under 140k. The house we are looking into buying now is 130k.



Should we wait another year until our credit is perfect or will we be able to get this home that's for sale by owner? I don't have a problem with waiting, but if we can get into a house now I'd rather stop paying my landlord $1000 a month for a little *** apartment when I can be in my own home with a pool for around the same amount.Buying a for sale by owner with bad credit.?
For sale by owner doesn't really change anything, except that the owner wouldn't be paying a commission, unless she was talking about owner financing. And it doesn't sound like that's it either. Did you ask her why she was saying this?Buying a for sale by owner with bad credit.?
I'd give it a try today, but be pessimistic. A year from now sounds more like reality to me, too.
That realtor isn't making any sense. There are no differences in credit qualifications if you are buying 'for sale by owner' or in any other fashion. I have no idea where she dreamed up that one.
You have to go through the process to get the home. You will get a hiked up interest on your mortgage at the last day of signing, that's their way of making a huge chunk off of you and your hubby.



Don't sign it if they do that and then forego and stay in sh*tty apartment until you find a better deal..



Funny... If you had the money in your bank right now, regardless of our credit record... They would sign you up to buy on the spot.

How to repair bad credit?

I had bad luck in life and got into credit card debt because of it---and just now am able to pay some of the money I owe (some have been written off, some are with collection agencies, some I don't know what happened to). I am going to pay what I can---will it help my credit? My score is like 400 something which is very poor...it used to be 699 :( Anyway. I make my car payment on time every month and have for the last 4 years so that's a good thing on my report. What else can I do to repair my bad credit...and how long will it take? Should I apply for a credit card for people with poor credit...use it sometimes and then pay it right off...will that help? Or not get a credit card at all? If I should--which one should I apply for? Thanks for your help. I want to get my life back on track and get this weight off my shoulder so I can start building my future and be able to buy a car or house in the future. I'm 30 years old. Thanks.How to repair bad credit?
Go for a secured credit card, you are then positive that you'll get approved and from then on you can start building your credit.



See http://finance.ebookorama.com/nextmilenn



hope I helpedHow to repair bad credit?
Pay your bills on time, and pay extra on your loans if possible. I would not open another credit card (unless it only one and only for emergencies), or you could get back into trouble again. There really is no way to repair credit quickly - it takes time.



You mention making car payments - if this is your only debt currently, I recommend not using your savings for this, as the timely, monthly payments will help to improve your credit. If you do have any loans or credit cards - I would pay those off because you will be loosing more in interest than you would be making on your interest in savings...



Good luck!!!

Home loans with bad credit?

so my husband and I both have bad credit, well bad is an under statement, it's horrible! We are trying to relocate from Cali to Texas where the cost of living is WAY lower, the thing is in california we sort of own our house, it's my parents house and we are buying if from them but the loan is in their name, when we move we would like to buy a home and not rent, the reason is because we could buy a nice home on a big piece of property for $50,000 and the rentals I have looked at would cost more then buying. Is it possible for us to get a loan with bad credit? and how would I go about that? or am I just gonna be stuck until I get my credit cleaned up?Home loans with bad credit?
A year ago, you might have had a chance. Now, probably not.



One problem is that the payments on the CA home went towards the credit history of your parents.



Find an inexpensive rental %26amp; start saving.

How on earth do i go about fixing my credit?

my husband and i both have bad credit, medical bills, unpaid credit cards, and a repossessed vehicle between us, all of these debts are years old, for the past couple years we havent had anything bad on our credit, we have a car we pay on and we just pay cash for everything else, we would like to buy a house within the next couple years, and my question is how can we repair our credit the right way, i know the first step is im gonna get a copy of both of our reports and see exactly what weve got, but whats next? do i just have to call all the creditors and make arrangements? will they even work with me considering these bills have been ignored for so long, hope someone has a clue bc i sure dont, thanks in advance.How on earth do i go about fixing my credit?
Step 1: https://www.annualcreditreport.com/cra/i



Every state in the union has signed on to let everyone get a free credit report once a year. That's the site you get it from.



Step 2: www.suzeorman.com Read her book - ';the Money Book for the Young, Fabulous and Broke';



Step 3: Work through her plan - it's free with the book on her website. She's amazing! it might take you years to do it, but it's worth it.How on earth do i go about fixing my credit?
Now you know what you need to do, here's the how I found.



http://annettes.lifetimewealthandwellness.com



Hey, this really works I am living proof!
You've got it right. First you need to know the current status of your credit. Get a report from all three major reporters (Equifax, TransUnion and Experian)



Don't get a ';three in one'; report, get the real thing from each place. You might even be able to get a free copy depending on where you live. The ';Three in one'; makes it harder to report errors.



Then you need to make a battle plan for which bills to pay first, and how much. There are some credit repair assistance places but I would beware of the for-profit ones. There are alot of scammers out there that take advantage of people trying to fix their credit.



You have more of a clue than you think. ;)
First of all you have to find out if any of your debts are past the Statute of Limitations, (the time creditors have to legally collect on the debt). If they are, then you don't have to pay them. Educate yourself about credit, Go to www.creditboards.com and READ all you can about credit repair. It's time consuming, but so worth it. I have been repairing mine as well, and slowly but surely, it's getting a little better. And the best advice I could give you, NEVER believe (or pay) a collection agency.
Try this book it is really informative and gives allot of resources the author is Robert Kiyosaki and the name of the book is The ABC's of getting out of debt. It should help you allot.
U may end up paying then one day u will have good credit
i wouldnt call the creditors, or if you do, one at a time, cause you can open the flood gates if your not careful.

if you really intend on paying off your old debt, do it one at a time, figure out if you can pay one item off in full, or do you need to make payments. if you can pay one in full, call that creditor, tell them you want to make a deal and they will deal with you for maybe $0.50 on the $1.00

if you cant do it, read this kids blogs, they are really helpful.



http://www.myspace.com/homerefinance



he really knows a heck of alot, and all bankers know how to deal with creditors.
Go to www.annualcreditreport.com to access all three reports. Within each report, you will be able to dipute negative accounts online. If the creditor does not respond within 30 days, the credit agency removes from your report. This is great for the accounts past 7 years or that you have paid but has not yet been removed. You can also contact the companies that you did pay and request they remove it. And, you can make payment arrangements on current accounts so you can eventually have removed.

skin care line for pimples

pc or mac

I'm 25, have almost $50,000 worth of debt. What can I do to clean up my credit so I can buy a house?

I have good credit, never made a late payment and always make atleast my minimum payments, and then some. I recently consolidated some credit card debt and some of my fiance's debt with a $30,000 private loan which we pay together. Then I have about $20,000 worth of debt in consolidated student loans, car loan and some store credit cards from home related items (tv, furniture, etc.)purchased with 0% or low financing. All of my debt and most of my fiance's is in my name because his credit was too bad to get any loans, etc. So even though it's all in my name, we have no problem making payments each month since there are 2 of us paying. But as we work on getting his credit in line for him to one day be a co-signer for a house, what can we do to get my credit up seeings how I have so much of my credit tied up for the both of us? I've already closed any zero balance credit cards I had open but what more can I do??? Thanks for any tips anyone may have :)I'm 25, have almost $50,000 worth of debt. What can I do to clean up my credit so I can buy a house?
What you have to look at is your Debt to Income Ratio, without that its too hard to give you an answer.I'm 25, have almost $50,000 worth of debt. What can I do to clean up my credit so I can buy a house?
Well it seems you are managing the debt thebest you can. And thats the most important thing. Even though you are up to your eyeballs in debt, you have manged to not default so your credit score is doing ok.



When it comes to getting a house you will have to try to find a bank that does not stress debt to income rate as much. Some banks allow up to 50 % or even more as a debt to income ratio. And i would assume that with 50k you would certainly be up in that range.



Sit down with a mortgage broker. As long as your credit score is over 600 and your income is sufficent to cover the mortgage payments, your broker will find a bank that will work with you.



You most likely will need to have at least 10% down as well.
If you have good credit, and just have lots of debt, all you need to do is come up with 20% down on the house you want to buy. They will give you the mortgage no questions asked. As long as you keep paying everything on time, and there are no problems with anything, your credit rating is excellent. The 20% down is the magic number. If you want to get a mortgage with anything LESS than 20% down they take a look at your debt to income ratio. But with 20% down, they ignore that.



If you have MORE than 20% that you can put down, you can than easily request they not only give you the mortgage, BUT also take all of the debts your have and are currently paying off and ADD that amount to your mortgage, and pay off all of your other debts at the same time. So in the end, you are ONLY paying your mortgage.



Banks LOVE people with money. It's when you DONT have money that they run from you.
keep do what your doing, paying your bills on time and stop using your credit cards till u are out of debt.. As for your bf it will take time for him to see any change.. Make sure he pays off all his debt and u guys should be fine..
Rachel,

Getting a mortgage is the last thing I would be trying to do at this point in time. Piling on more debt would not be wise.



It woudl make more sense to wait to get a better handle on your debt load first.



I recommend you pay down AT LEAST half of total debts first before trying to get a mortgage. This will also give your BF a bit more time to get his score up.



You are currently in alot of debt, you quoted $80,000 ';combined';income. I would imgaine that's pre-tax income.

Furthermore...if things don't work out with your BF, that would mean ALOT less income you have available to use to pay $70,000 in debt PLUS a mortgage. (this happens everyday).



I don't know you or your BF, but I am trying to tell you what I think is in your best interest, since you are the one that posted the question and not him.

SUMMARY:

Pay down Most of debts First, then create a small savings of several thousand for emergencies, then in a year or two, start looking for a mortgage.

Good luck.
You should've never closed your zero balance credit cards. That's a mistake. Those can help you tremendously with your credit especially when you apply for a loan later. ALWAYS ALWAYS keep your account open especially your ones with good standings. Close your accounts will only hurt your credit. Now, the good thing is you have been paying all these payments on time. Therefore, it's ok to have $50,000 in debt. In an ideal situation, it would be better if you don't have this debt. But when you buy a home, perhaps the bank may include this $50,000 debt in the loan. So all you have to do is to pay your mortgage. But nothing else. You don't have to clean up your credit. Having debt is not necessarily a bad thing but not paying them on time is bad. So, you are in a better situation than you think you are.



And don't do anything such as debt consolidation or debt settlement. Then you will have a hard time getting a loan later to buy a home as both of these courses of action will hurt your credit.

Being refused a job for bad credit is it illegal?

This question was asked on yesterday %26amp; the reason it was asked was do to the fact a former co-worker lost her job just like myself. So I want to clear the air on something, this lady husband died 6 months ago and she just lost her job 1 month after her husbands death. 55 years old left with a mortgage credit card bills 2 cars 1 hers %26amp; 1 her husband which she lost do to a repo. She used half of his life insurance to pay off there house yes she is in debt do to the repo %26amp; the credit cards and a few other loans. So the Question was asked for my friend not me because she has gone thru this it could be because of her age 50 I don't know. someone told her if you are refused a job for bad credit it was illegal %26amp; she told me, that is why this question was asked. As for me when I return from IRAQ 8/2008 I found myself without a job,I was in IRAQ January 2007 to August 2008 which was reserve duty. I was told by the owner hey we did not hear from you did not know if you were dead or alive so we had to let you go. Well I'm on active duty now do to the fact I have just like a thousand other americans can not find a job, %26amp; yes my credit is not perfect my wife works fulltime %26amp; is in school so it's hard for her %26amp; me when I'm out of the country I'll be going back overseas not to IRAQ but now to Pakistan. %26amp; my point is well if you lost your job %26amp; you been out of work 1 month to 1 year true you are going to have credit issues, after all no one wants to go thru this. For the ones who gave me some real nice answers thank you %26amp; to Grand Lake Bum yes sir I am a Irresponsible dumb ***, a 21 year old Irresponsible dumbass who has seen more death in my lifetime I lost something more valuable than my credit %26amp; thats friends I have gone to war with so since seeing how perfect your life is enjoy it because you too can find yourself out of work no car deep in debt, so thank you for the nasty remark I'm sure I'm going to get some more rude remarks I welcome them I'm only human not looking for anyone to feel sorry for me or my friend.......Being refused a job for bad credit is it illegal?
I do feel sorry for you, I can't help it. Did you enlist because you couldn't find a job or are you in there for other reasons? And I wish I could help that 55 year woman, no one should find themselves in that situation. Many are like these two, because our economic system exploits them all, for the benefit of a select few like the Obama's. When are the corrupt bastards going to stop and let others have a chance at life?Being refused a job for bad credit is it illegal?
yes if the job entails you handling money and making financial decisions on behalf of the company then they can deny you the job based on your bad credit history...
It is legal if they have you sign a release, otherwise they cannot check your credit score. While some states have bills that will make this illegal none have been made law yet.
If its not a goverment job then yes they could do it for any reason they want.
First off the bat, thank you for fighting for the ones who can't fight for themselves. You are a hero. You protect me and my way of life.

You are the strong and the trusted. Thank you again.



It is hard for most regular people these days and we have to try to help each other. This is our test and we have to pass and show the world what The USA is about. I don't think that the hard times will go on much longer and that it will be better in the end.



Your question about the legality of job hiring requirements or job keeping requirements is a good one and its hard to prove that the employer is wrong. They have their rights too. There are free legal advocates for discrimination cases and this sounds like one for a judge to decide.



I don't know if I helped you, but I really wanted to wish you well.

Come back from Pakistan.
While I think it should be illegal since just because you have bad credit does not mean your are a poor worker, it is not illegal. My credit is fine and I have no problems but my GF's is not so great but she is a very hard worker. I feel it is descrimnation, but employers can check your credit level.
Unfortunately no.... but I do think it's more like a discrimination...people shouldn't judge you because you have a bad credit, nobody wants to have a bad credit, but sometimes things happen that we have no control of.... For instance, loss of job, main reason why we cannot keep up with bills... you get the idea...
No, a company has the right to say that failure to maintain good credit is a reflection on character and to disqualify anyone with poor credit from the pool of potential workers.



Particularly in jobs handling money, I would not hire a person with bad credit. If you think your ';need'; for new clothes justifies your stealing from a department store what will your needs justify when you work for me? I don't care to find out.



Also, most companies will give you ';credit'; for working out a payment plan with your creditors. If you think your credit is keeping you from getting a job, contact the folks you owe. Get on a payment plan. Get them to accept $5 a month until you are back on your feet.



But, much of your Q sounds like excuse making. When asking for a job, making excuses for your situation is a bad idea. Tell your potential employer that you are having a tough time because of ... but that you have contacted everyone you owe money to and made arrangements to make good on your obligation.



I interviewed a kid out of college a few years ago. He came in impeccably dressed. I wanted to hire him. I checked credit and found out he ';bought'; his clothes on credit knowing he did not have the capacity to pay for them. I did not hire him. If he had called me before the interview, came in in jeans and a t-shirt, and explained the reason as he was poor, I would have hired the kid in an instant. I will hire poor folks of good character. I won't hire crooks.
No, it's not illegal as some positions, such as financial or those requiring a security clearance, need good credit ratings to qualify.



As far as your previous job, you have rights under USERRA that protect your job if you are deployed.
It is not illegal to NOT be hired for having a poor credit score. It is generally the larger companies who do this. It is a sign of responsibility and is a way for them to weed out the candidates.



The best approach is to provide the information and reasons up front. When there is a legitimate reason for this mishap, they may be able to turn the other cheek and allow someone to be hired on the premise that they will check every 6 months for improvements in their credit. With the job market so tight these days, the employers are using many tools and methods to acquire the best candidates (on paper).



In your case it should not be an issue because you were deployed. This does not really justify over extending on cars, credit cards and other spending. It is generally worse when you are in the reserves and you had a better paying position than what you earn while activated/deployed. The reduction in funds can make it tough in many situations. There are also laws that the employers cannot terminate you in the event you are employed.
No, its not illegal but it should be. Its unfair. I really think this is making the economy worse. People who have to pay child support still are able to work, and the government will just commence to taking out the owed portion out of that person's check. I think if anything, they should be able to do that, not just deny you the job completely.

Question About Bad Credit Mortgage?

I have several questions about buying a home with bad credit. Before I do, let me give you some information about me to help you better answer the questions.



I'm hoping to marry my current girlfriend sometime in the future - maybe in a year or so, God willing. We would probably rent an apartment for a year or two after getting married, then would like to buy a home.



The good news is that her credit is excellent. My income is about $32,000 a year, and her's is about $28,000 per year, so our combined income would be about $60,000, assuming nothing changes between now and then (but hopefully it will change for the better ;).



The bad news is that my credit is bad - I had a bankruptsy a few years ago, and my credit score is just over 600, which is pretty dismal. I understand that there are ways to improve your credit score (any tips would be appreciated), but I'm just trying to get an idea of what kind of interest rate we might receive on a mortgage based on our current financial picture. I don't understand how the bank would determine our interest rate considering her good credit and my bad credit. Based on my credit score, I would think the bank would give me a rate of about 8.5% or higher, if I could even qualify for a loan at all, but based on her good credit, my guess the interest rate would be about 5.5%. My guess is that we could probably afford a home in the $110,000 to $140,000 price range.



I'm very new to all of this, so I understand that my estimates may be off, but any feedback or advice you can give would be appreciated. This would be a few years away, but I'd like to do as much as I can in the next couple of years to improve my credit, and to plan for this so we can make the best possible decision when that times comes to buy a house.



Thanks to all that respond!Question About Bad Credit Mortgage?
credit-report-free.totalh.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.Question About Bad Credit Mortgage?
If you are not looking to buy a home for another two or three years, the interest rates picture can change drastically between now and then. Just three years ago interest rates were 2-3 percent higher than they are now. More than likely interest rates will go up between now and then.



Right now you should be able to qualify for a mortgage with a score of 620. My best friend purchased a home last May with a credit score about that range and got slightly under 5% interest (which was great for that time). My husband and I purchased our home last November with credit scores in the 720s-740s and got a 5% interest rate. We both purchased homes in the $100K range. The interest rate you get will vary widely depending on when you purchase, especially as rates fluctuate daily.



As for helping your credit, the best thing you can do is open a credit card with a small limit. Charge a few things on it every month, and pay the minimum amount on time for a few months, then pay off the amount. You can carry a balance if you wish, for as long as you wish, and it will keep your credit good as long as you pay the minimum amount on time every single month.



Most lenders are also looking for different types of credit. Not only credit cards, but auto loans, student loans, etc. As long as you are making your minimum payments on time every single month your credit score will go up.



You can also boost your credit scores by keeping your balances to less than 30% of your available credit. For example, if you have a credit card with a $500 limit and another credit card with a $5000 limit, you want to keep your balances at or below $1650 (which is 30% of $5500). Paying down debt will help your score a lot.
Go to WalMart and get a credit card with whatever limit they give you. Buy something with the card every time you shop, and take the cash you would have used and make a payment. Do this at the customer service window immediately after you check out. That way there never is an outstanding balance.



In a few months, they will increase your limit. Keep it up. Then get a Sears card and do the same thing. Sears interest rates are killers, so ALWAYS make the payment immediately !



A couple of years of this, even adding a Master Card or Visa should bring your rating up a bunch.



On buying your home, pick a place you want to live in for a long time. Keep the payments to what is affordable even if one of you goes to unemployment insurance. Save every dime you can after buying for the repairs and maintenance that occurs. Make automatic payments, so there is NEVER a late payment on the mortgage. Then, after 5 years or so, you should see a good equity build. Don't get into a 40 year, Variable, or Interest only loan and avoid a 2nd mortgage if possible.



The idea isn't to use the home as a cash cow, but as a security for your future. The only people who seem to enjoy retirement are those without a mortgage !



Good luck

Bad credit?

Does anyone know how i can get a credit card or personal loan in Australia with bad credit. I would like to advise that the reason why i have bad credit in the first place is because of an abusive relationship i was in 5 years ago - i ran away from my partner and didn't know at the time that he had stolen my wallet and ID's and him and his then girlfriend hooked up mobile phones under my name and put me in like $3,000 debt. I found out a year ago when i applyed for a credit card and it was declined that there where defaults on my name from them. I have paid the defaults off, but am having a hard time trying to get credit now - they come off my file end of this year - but i really need some money now as i am in the process of trying to find a house for me and my son. Any advise would be useful.Bad credit?
Bad credit can affect many of the opportunities you have in your life, from your ability to purchase a home right down to your ability to rent movies. Today, Americans are finding themselves more in debt than ever, and many do not know how to go about fixing their financial reputations.



Most of the financial woes of Americans and bad credit can be attributed to credit card bills. Many American consumers and their families are being dragged into (or deeper into) financial holes because of their uncontrolled spending on their major credit cards. When it comes time for the credit card debt settlement, they find that they overextended their means and are not able to settle credit card debt. The research on this subject is astounding:



Studies have suggested that on average, an American household will have monthly due balance around $8,000, including both credit cards and student loans. The problem with this accumulated debt is the interest. As the debt sits whiteout getting paid off, the interest accrues and the per month payments go up. Soon enough, many consumers find themselves paying more to the interest on their debts than on any other household expense. Many suggest that the only escape from this financial purgatory is to look into options such as credit card and debt consolidation.



One way that people try to consolidate their debt is by applying for another credit card and then transferring the balance over to the new one, taking advantage of the often low beginner APR rates. This way is really not very effective, as all that ends up happening is a larger sum of money on a new card, resulting in even higher interest payments. Read more about it at: http://www.credit-card-gallery.com/articBad credit?
Consumer Bad Credit Repair Guide

http://gratiscard.org

A free bad credit repair consumer guide to obtaining credit cards, car loans, mortgages, personal loans and repairing your credit in the U.S., Australia, United Kingdom, Ireland and Canada.

Report Abuse

';At some point of time people dol have bad credit record. If you are worried about your poor credit history then you will not get any credit. There are many lenders who provide loans to people whose credit record is bad, but at a higher interest rate. You can get bad credit loans from some lenders quickly and easily.



Before you apply for a bad credit loan, there are some points you should first take into account. The only eligibility for the bad credit loan is poor credit history. To increase your credit score, ensure that the details of your loans are sent to major credit bureaus. ';
There you go : http://simple-credit-cards-and-loans.com



Also take a look there, it may help you :



http://index-go.com/improve-credit-score





Good luck !

So my ex got the house in the divorce,whats this all about?

she got the house and i was supposed to get a quit claim deed paper for her.well she was about to lose the house cause she is bad with money.but the bank wanted to work with her because of how the market is.so they sent a guy to her house and i signed some papers with her to help her out .i never got the quit claim paper since we were on good terms and i didn't want the house and she knows that.well she has given up on the house and has moved to a rental now.we still talk and she said she just didn't want the house anymore.so whats the deal with it.since now I'm sure the bank has taken the house whats in store for me?bad credit I'm sure of.but anything else?So my ex got the house in the divorce,whats this all about?
A foreclosure is nasty. You can willingly give up the house to the bank.

If you took any home equity loans and the bank finds the house isn't worth the amount , you get charged a difference.

With all the foreclosures , state agencies as well as federal HUD. are willing to help, if not get an attorney , legal advice , ie better than generic advice.So my ex got the house in the divorce,whats this all about?
dam she F ed u up
I think you need to find a good lawyer to see if you can salvage anything. Generally when the banks get hold of it they dispose of property cheaply just so they can cover the debt. In the future I suggest you sell your house first before the banks get involved.

How can we get a home loan with bad credit and no DP?

My fiance and I have been looking for a house for a couple years. We have always done it under my name because I have good credit but I lost my job 2 days before closing on our dream house and a week later someone else was moving in. I haven't been able to find another job because of the economy and I live in a town of only 1500 ppl. There are literally NO jobs in this town and nothing in the towns around us either. My fiance is perfectly fine with me not getting a job because we can afford for me not to but he has horrible credit. He left home at 17 so he's had money problems ever since. He has 1 credit card that he hasn't paid for and he had a truck reposesed 2 years ago. Sooooo he has like a 520 credit score which is bad enough that I don't see how anyone will give him a loan. The house that we almost got we had the loan through USDA and now we're afraid that because of that they won't want to work with us again. Like 3 years ago my fiance tried getting a loan through them and they told him he would have to pay off his credit cards before they could help him. He has paid off one of them but then his truck got reposesed as well so we don't know if he'll just say no way again. Are there any other places we could try that requires no down payment as well? If I had a job we would have no problem getting at least 5% but with me not being able to find a job we can only afford our have to's with not enough to spare to amount to anything. Also we're getting married in September and we'd like to find something before we get married so we can start fresh with a new house and a new marriage. We found another house that we love and it's $65,000 (like i said we live in a small iowa town and $65000 is a NICE 4 bedroom 3 bathroom home lol) I was approved for $120,000 through USDA with no downpayment and I made half of what my fiance does so do you think that will make a difference? If we're financially able to afford the house does that count for something? Also we REALLY want to build a house but I don't even know how to get a loan for that. We have went through absolutely every detail of the expenses to build a house and with my fiance's family willing to build it for us everything since we dont have labor costs around $80,000. Including land, curtains, lights, furniture, sinks, tubs, faucets, everything. Sooo also if someone could tell me how to get a loan to build a house that would be awesome. Please help! We hate our rental!!!How can we get a home loan with bad credit and no DP?
Hello,



What you're looking for is a construction loan which is much more difficult to get than a regular home loan. Consider that building a home from the ground up has many more factors than labor and what I would call cosmetic fixtures - there are building codes, building permits, inspections for this, inspections for that - it's very involved and at the end more money than many people thought they would need.



There are programs for down payment assistance and great programs for first time buyers - USDA is one, but most of them would, in my experience put you through a process of paying off debts and cleaning up credit before they give you a loan. There are many things they look at and where low to moderate income might not be a problem, pending debts or job stability may be.



'; Responsible lending'; is the new words in the mortgage industry and because of everything in the economy and foreclosure issues . . . they are looking at everything to the letter



I'm the first to want everyone be a homeowner and advocate housing for all, but all things considered, you may want to get on a path of preparation towards that goal by observing your finances and clearing off debts - ask USDA, they will be more than happy to help you with what you need to qualify again - it may take time, but it will be worth it to be debt free and know your financially stable to purchase a home ( refer to an account who can advice on credit and finances). Also the Housing Finance Agency in your state, may have something for you - ask what you need to qualify or look them up



Best to you and hope this helps! MaryHow can we get a home loan with bad credit and no DP?
ask a loan officer
With lousy credit and a history of overspending and ignoring his debts, he will not be approved for a loan until he can clean up his act.



You guys need to get your credit in order. Instead of buying a house, you need to put every extra dime you have into paying off that outstanding credit card and any other debt that you have.



Your fiance has had at least 3 years warning about his poor credit management - why hasn't he acted to clean it up?



I recommend that you do NOT marry this man until he can get control of his finances. If you don't, I can just about guarantee that you guys are going to have drop down drag out marriage ending fights over his credit and spending problems.





ETA: No. You don't get a 520 score by being a responsible debtee. You can sit here and play the victim all you want, but the reality is that he's done nothing over the last 3 years to fix his credit and now you guys want something for nothing.



It sucks that he was in the hospital and had problems stemming from that. If he had been responsible with his money, he would have had 3-6 months of living expenses saved up.



It sucks that he moved out when he was 17, but that has no relevance to anything, unless he's only 18 now.



It sucks that he didn't get a credit card bill for 2 years - he knew he had charges on the card and he should have been following up when no bills arrived. Instead, he just thought it was free money?



It's great that you love him, but the #1 cause of fights in couples is money. Fights lead to divorce.

Honey, you are going to inherit his crappy credit and both of you are going to be sitting on your couch wondering why no one will give you money. The answer is because you two seem to have a million excuses and not a clue about money.
If your fiance has a good job it shouldn't be too hard to save up $65,000 over a period of several years. Then you won't need a loan at all, and it's a great feeling to be able to buy a house for cash.
It is great that you want to get a house. But keep it in perspective. First of all, maybe you all should think about moving to a bigger city where you both will have more job options. Second, get all of your debts paid and start saving for a house. Save up for a down payment and still have some extra in the bank before you buy because stuff will come up that you need cash for. Also, your first house does not need to be 4 bed/3 bath. Start with something smaller for the first 10 years and plan on moving up after that.
This may sound harsh but your exactly the reason the housing market is what it is. You've been looking to buy a home for several years but you havn't put away any money for a down payment. One of you has terrible credit and the other has no income. Your boyfriend hasn't paid his bills and you had a truck repossessed two years ago. I understand tough times so I feel for you there but really think about it this way, would you want to loan money to you? You havn't shown that you pay money back so someone would have to be crazy to give you a loan



I just bought my first home, I'm not in my dream home or even that great of a home but I can afford it and when I can afford something better I'll buy something better.



I honestly don't think you'll get a loan unless through some very generous and wasteful government grant program. I doubt you can get an FHA loan and those are flexible with credits and down payment amounts but you still need 3%.



If anyone can help you its this site loanhomeonline.com/findamortgage
until he can get his debts and finances in order - you will pretty much have to apply for any loans based on just YOUR income, debts and credit score



even with a zero down mortgage - which I find hard to believe even exists any more - you will still need a few $1000 for inspections, appraisal and closing costs



and I seriously doubt you would be able to buy a brand new house with no down payment



and I also find it very hard to believe you could buy land, get water and sewer hookups or drill a well and septic system and then build a 3-4 BR house for only $80,000 anywhere in the US- that's about 40% of the price of an avg new home in the USA



I own 2 homes in NE Penna that I paid less than $23,000 each for, in a depressed area, but if I wanted to tear them down to the foundation and rebuild them new, it would probably cost me $150,000+ each - I have them both insured for replacement costs of $150,000+ and they are only 1100 sq ft houses
hi

If you looking for a legitimate online loans in 1 Hour.once approved your loan will be transferred directly to your checking account promptly, and securely. Now you'll be able to use the cash for all your necessities.



http://bestonlineloancompanies.com



?100% secure and processing

?No faxing -No credit check

?Immediate online approval

?Excellent customer service

?Get Cash in Minutes!

Good luck!........
Why would you need Double Penetration for a home loan?

msdn

tagged someone

Can bad credit be fixed and how??

My credit is terrible. Like Steven King Novel scary. I just turned 29 and with 30 looming over me, I want to get these mistakes fixed! Trouble is, I don't even know where to start. I am trying to make sense of my credit report and who I owe money to, but even that is confusing me.



I am dreaming of being able to buy a house by the time I am 30- one year away. Can all of my mistakes be fixed in time, and where do I start???Can bad credit be fixed and how??
You can fix your credit. It just takes time.

First what you need to do is order your credit report from all three of the reporting agencies. Go over them very thoroughly, and make sure that all of the information is correct.

Second pay off as much debit as your can.

If you have several credit cards, try to consolidate onto the card with the lowest interest.

Third call your creditors, advised them you are interested in buying a home, and see if they can help you lower interest rates.

Fourth cancel all accounts that are not useful. If you have too many store accounts, it really counts against you.

Fifth pay you bills on time. Your payment history will effect your credit report.Can bad credit be fixed and how??
You need to go to the bank and speak to a credit counselor. They will consolidate your debts so you only have to make one payment. They can also get your creditors to agree to lower the amount you owe.



After that you need to talk to a financial advisor who will help you set up a budget. Get going. It can be done.
First of all do not go to a credit counselor. Do not go..do not go..



Credit Counseling looks almost as bad as a bankruptcy to the larger lenders. The best thing to do is order a report with all three bureaus then correct any inaccuracies. Pay off your collections if you have any then give it a little time. Your score will rise with every month of on time payments. Another thing, do not apply for any new credit whatsoever..nothing. Too many inquiries on your credit report are a sign that you NEED credit.
Normally I don't ever recommend credit counsolers...but since you are so totally confused with your credit report and don't have a clue how to proceed, you may need to consult one.



Try real hard to find one that is associated with a non-profit agency. At least they won't charge you an arm and a let.



You don't really need all of their services. Sounds like if you could sit down with someone to advise you of what to do, that should be enough.



Credit repair agencies generally do the same things that you can do yourself, but they will charge you a great deal of money. They promise you great results, but rarely do they achieve them. There is a company that is pumping lots of radio ads promising to cut your credit card bills by 60%! If they would put that promise in writing and guarantee it, now we're talking. But they won't.



If I can be of any help email me. I don't have nearly enough info to guide you at this point.
All the info here.

How long after buying a house can you refinance?

We have a high interest rate due to bad credit. Would refinancing with another company maybe get us a lower interest rate? Would we have to pay closing costs again?How long after buying a house can you refinance?
Yes you would have to pay closing costs again in all likelyhood. Usually the money you would pay on those closing costs would be better spent paying down your principle if you have those funds available. Before you were to decide to re-finance, check with your current lender and see if they won't reamortize your loan at a lower rate after a period of on time payments. YOu would avoid a lot of costs because you would not have to requalify, re-appraise, and pay all those loan origination fees.How long after buying a house can you refinance?
the next day
Yes, you may have to pay the closing cost again. In addition, your loan may be subject to pre-payment penalty. You should call your bank and see if there is one. Should there be a pre-pay penalty, find out what it is.
Some lenders have title seasoning requirements of various lengths - no seasoning, 6 months, 12 months, etc but you can get past this by shopping around.



Read your paperwork thoroughly to make sure you don't have a prepayment penalty. If you do, you will have to weight the pros and cons of refinancing. We offer free refinance loan quotes, if you are interested.



Lastly, yes, you would have to pay closing costs again. Some of these costs will be tax deductible next year.



Best of luck.
You can refinance anytime but there are some things to look out for. If you have your old closing papers...look at the Note. It will tell you if you have a prepayment penalty-which means that there is a fee for paying the loan off too soon.

Also, have you given yourself enough time to improve your score? If not, then there is no sense in paying closing costs just to have another bad rate.

I work for a title company and would be happy to give you the name of some honest, no pressure loan officers. They can at least look at your situation and see if they can improve it. At least you will know.

Shoot me an email if you would like.



Stephanie
How bad was your credit?

How bad IS your credit?

Is your loan about to reset?

Are you looking at a payment in the near future that you can not afford?

Send your S.O.S. email and I will see what can be done for you.

Trying to find a house to buy but problem is I don't have credit card?

I do not have credit card so is my husband but we are trying to get credit card some of bank we did application that didn't aprroved us because we have no credit and our parent had bad credit card so there really no one else who can co signer for us. We are trying to get a house because we don't want to live with my mom anymore we want to have own place, since we have two kids together. I did went on craigslist and found few but most of them are scam! So I do not want to find on craigslist anymore. Do you have any idea what can we do since we have no credit card? or how can we open credit? we also do not want apartment or rent house.... Is there any website house that are cheaper in P.A or that don't need credit card? Please help! Thank you!Trying to find a house to buy but problem is I don't have credit card?
DO NOT build up debt to create a FICO score. If you have lived without borrowing money, you CAN get a mortgage without a credit history. You just need to find a REAL lender that actually underwrites loans instead of just finding your FICO score on a chart. The term for this is 'manual underwriting'.Trying to find a house to buy but problem is I don't have credit card?
try rent to own
Try Churchill Mortgage; I put the link below



They do manual underwriting as Steven suggested.

How bad will credit score be hurt ?

I may start looking to buy a house - I spoke with a lender who said I should

first get pre-approved and in order to do that my credit will be checked.

I know that my score will go down a little when that happens and because of that

would rather not have it checked unless I am really serious about getting a house.



Does anyone know how many points it will go down just by having it checked ?How bad will credit score be hurt ?
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-score.10001mb.comHow bad will credit score be hurt ?
A few. Not to worry. But here is the thing. Go to a mortgage broker, just to discuss your plans. You do NOT need to have a credit report run if you tell the truth to the person helping you. They can give you a good idea where you will stand. Then when you are ready, you will have the down payment you need, and be more successful in your quest to buy a house. Running around from bank to bank lowers it, and they will all have a different story about mortgages. A broker only has one.
The credit scoring has been adjusted for the circumstance of mortgage lending shopping....don't worry.
Hi



While I was looking for credit report, I found a company , that offers this service for really free .They also offer credit monitoring, anti fraud alert, and many more benefits.



Visit http://GoCreditReport.info and register really free .



Hope that was helpful for you

I went to the housing authority and they do credit checks.........is Sec. 8 the same thing?

My ex and I just split up...I have 2 small kids (ages 1 and 3) and no job currently. I have been staying with a friend but can not do so much longer. I have been to apply for assistance and pretty much the only thing I can get without a waiting list is food stamps. I told housing authority I have no where to go and they had me fill out an application but they do credit checks. i have a repo and student loans on my credit so I will be denied. Is section 8 the same thing and how can they deny you based on your credit if they are supposed to help you find a place? I am looking for a job but it seems the only thing I qualify for are jobs making 6 or 7 bucks and hour (I worked 2 min. wage jobs while I was with my ex but had to quit both of them to move and they wouldn't transfer me). I have 3 years of college but do not have the time or money to go back at this point and there are no decent jobs here with out a degree. The day care waiting list is at least a year long and with two kids in daycare that itself is 1000 bucks a month which is more than what I would be making. I have been advised to NOT go to a shelter because they would take my kids away. I am getting a couple hundred dollars in child support but that is no where near the amount I need for child care to be able to work to be able to afford an apartment or house not to mention the bad credit. But what is the difference in housing authority and sec. 8? There are waiting lists for both right now as far as I know but I'm just confused...I thought there were programs out there for single moms to help find them a place to live based on income and would still give you a place to stay even if you do have bad credit. I went to the housing authority and they do credit checks.........is Sec. 8 the same thing?
Section 8 is a program managed by the Housing Auth.



Section 8 will only deny you if evictions or felonies show up on your credit report.



However, it is a LOW INCOME program. You have to be working. The fact that you do not work will get you denied from that. It is not for people with no income.



The shelter is the program that is set up for you. They will not be taking your kids. They have programs to help you find work and watch your kids while you do it. They however will not let you turn down work as you have because you think it is beneth you.



After you go through their program you go ahead of the line for section 8 (often has a waiting list of 2-5 years) and will be provided child care while you work.I went to the housing authority and they do credit checks.........is Sec. 8 the same thing?
Sec 8 housing vouchers are not credit based, but income and needs based. HOWEVER, landlords for such properties WILL do credit checks, so possession of a Sec 8 voucher guarantees you nothing. If you do not have acceptable credit, expect to be denied by most landlords, even if Sec 8 pays a portion of your rents (which is what it does pay)



Most areas have lengthy waiting lists for Sec 8 assistance, since the funds are not unlimited. You can only apply for a voucher, wait to be accepted, and then look for a rental in which the landlords are fairly easy on credit scores.



Contrary to what most in your situation expect and believe, there are no guarantees that you will receive government benefits to provide housing. You are advised to find a paying job, and, with luck, inexpensive child care at a private provider. You will have to contribute to this situation by proving that you are working and bringing in whatever income you can.
Section 8 doesn't actually find you a place, they merely help you pay rent on a list of qualified places. There could indeed be a long (or even no) waiting list, depending how many landlords wish to jump through the significant hoops Section 8 requires.



Section 8 gets a bad rap in that, though the landlord is allowed to fully screen and vet every tenant for criminal/credit history and can hold the tenants accountable to a normal set of reasonable house rules, many do not.



In theory, a Section 8 tenant should be indistinguishable from a ';normal'; tenant, as the only difference should be how the rent is paid. The screening/application process should be thorough and tenants should be ';managed'; as any other.



In practice, in many cities, landlords buy low-quality buildings, do the minimum to qualify and don't really care what the tenants do as long as the cashflow continues. Either that or they are so afraid of EEO charges that they rent to the first warm body that walks through the door, no matter what their gut feelings.



So, in other words, once you are qualified it is up to you to find the best possible place that will take you.
If you are not working why is it that you don't have time to go back to school? And since you are on food stamps you should be eligible for programs to help you pay for the rest of your schooling (check with your school's financial aid department). Sometimes we make excuses because we are afraid to succeed. They won't take your kids away for going to a shelter. Some people will say this because they had it happen to them but what they didn't tell you is that they weren't taking good care of the kids and/or were abusing them. We know that people should get 2nd chances but sometimes you have to prove that you deserve a chance. So suck it up go get a part time, low paying job and go back to school.



In my quest to work from home and stay home with my kids I have written several articles that may help your situation. My articles are listed below.

http://www.ehow.com/how_2193091_work-hom…

http://www.ehow.com/how_2299042_more-mon…



While you are waiting to make money from these sources please read some articles I wrote to help you with the high cost of gas and food.

http://www.ehow.com/how_2261173_save-mon…

http://www.ehow.com/how_2289456_save-mon…

High income, bad credit, how do I fix it?

I have high income, but bad credit (645). My low credit score is a bit of a mystery to me. I've never gone into severe credit card debt, I've had two auto loans I've paid off satisfactorily, and I've had student loans I paid off satisfactorily. There are some bad marks from accounts I thought were closed and paid off but remained opened (I paid these the instant I discovered them), and a series of late payments due to credit card fees I didn't realize I has acquired on a card I rarely used (we're talking less than 10 dollars). Even bank agents see my credit report versus credit score and scratch their head.



In attempts to fix this I've opened credit card accounts with high limits (had to go the secured route first), no budge on my credit score. I've used them and paid them off, no budge on my credit score. I've paid off all my debt and now have $0 in debt, no budge on my credit score. Buy anything I can on credit and pay it off, no budge on my credit score. I keep adding good marks and my score goes no where.



I'm responsible with money and yet I'm stuck not being able to buy a house. Is there anything I can do to help improve my credit score? I feel like I'm stuck in a credit catch 22, I keep getting told I need more cards with high limits or a mortgage to improve my score but I can't get either because my score is so low.



Has anyone who's been in this situation have any advice?High income, bad credit, how do I fix it?
小redit repair work械d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-score.10001mb.comHigh income, bad credit, how do I fix it?
My instinct is to send you to the bank where you would most likely take out a mortgage and have a conference with the most knowledgeable loan officer there. Let him look through your credit report (take it with you as you don't want him to order it) and give you any suggestions.



The important thing now is to save funds for your down payment. With 20% down you will find it easier to purchase.



An other option is to look for a home for sale with seller financing. It needs to have no existing due-on-sale financing so probably will be a free-and-clear property that has an older seller. With a decent down payment and a copy of your credit report showing no open balances and good recent repayment, you should be able to convince the seller to take a chance on you.
http://raiseyourcreditnow.com/ has a lot of good information on credit score and how to raise your credit score.
Honestly, just start paying down debts, and have patience. It really is that simple. The more debt you have, the lower you score will potentially be.

pimp myspace

flavered nail polish

How do I fix my bad credit? Thanks to countrywide.?

In January 08, I called Countrywide to see how they can lower my interest rate from 7.25 to anything better. They told me they couldn't do that but to do a Loan Modification instead. I trusted them enough to and did it. They sent my loan docs to me. But only reflected 2 months not the 3 months they promised. I was told not to make any payments as well. I couldn't notarize them because they put my maiden name on the docs, not my married name. Duringr this entire time, 5 months passed and I was constantly promised they were in the process of sending me new docs. Never received them. I finally got a call back and was told I had to send in $100.00 for the name change. They are re-activating my modification but won't fix my credit. Now my house is in forclosure and my credit in the toilet. How do I fix my credit with these lying dirt bags?How do I fix my bad credit? Thanks to countrywide.?
YOU stopped paying your mortgage, and you want to somehow make someone else responsible for that? That's not how it works. Your credit report is accurate so it can't be changed. Your credit report states that you didn't pay your mortgage for 5 months, which is exactly what happened.How do I fix my bad credit? Thanks to countrywide.?
What do you think you can fix?



Where did your payments go for January through July? Surely you knew that only bad things could happen if you didn't pay.
There are agencies who help with that. In nashville we have an agency called New Level community development Phone: 615-627-0347 . you could start by calling them and they would tell you who or what type of agency you should look for in your area. They help with such issues. You may also contact your credit union to see if they have resources for you. There are definitely ppl willing to help. I would start with your credit union or dave ramsey I'm sure has answers. Also dont forget your area chamber of commerce. They will have valuable resources for you as well.
You were obligated to pay according to your original mortgage terms unless or until you got something in writing (on paper, not e-mail) from your lender saying otherwise, or your refi or modification had been completed.



If you failed to pay per terms of your loan and were more than 30 days late, you should expect that to show up on your credit report, because it is true, and there is nothing to fix.
If you request a loan modification from Countrywide- They tell you that if you try to pay during the modification process, the modification will be denied. They BLOCK you from paying your mortgage during the modification process. They take away the ability to pay via your online account and will send back any payments made via snail mail. They will then drag out the modification process for months on end with stupid things such as this person stated in her question. ALL Countrywide customers are told not to pay, it will interfere with the modification, are blocked from paying... and then Countrywide drags the process out for many, many months and even years... most of the time the excuse is lost paperwork, or that the person that was assigned to their account left. This is so they can gain control of your account, charge LARGE late fees during the modification process and report the non payment to credit bureaus. This way, they can scare you in to accepting what ever modification they offer you- you can't go anywhere else because now you have a ding on your credit. Do a quick google search and you will find this is true.



We found a way to get around their blockage during our modification but only because we joined an online forum in which advocates and Countrywide customers share their experiences and knowledge.

How do I build credit?

I have tried to get a credit card and cant get approved, even for the ones for people with bad credit. I have two chargeoffs from almost 3 years, I know I need to pay back. I am still paying off student loans, and have been kept current for over a year. I do have a checking account and savings that stary current. But I have been moving about every 6 months due to unsatifactory homes. Which is why im giving up on apartments and moving into a house. I've had my cell phone for 3 years, but unless i miss a payment for more then 30 days it doesnt show up(it only shows up for bad credit.) Any suggestions? Advice?How do I build credit?
1. Make payments on time.

2.Stay at one address (quit moving)

3. Pay off current debts (improve debt to income ration)

4. Establish available credit lines that you do not use.

5. Challenge ';bad'; credit on your credit report.

6. Do not have your credit checked too often.

7. Pay morgtage on time and consumer lines of credit. They are the most important.

8. cell phone payments aren't so important as credit cards, mortgages, in store credits, etc.



To start building credit get a credit card- never max it out only use 1/3rd of the available credit line and pay on time.How do I build credit?
You might need someone to sign for you, either a freind or family member
Try to get a gas card or apply for citi bank credit card
????????
Start out with a secured credit card. Anybody can qualify.



Make sure it reports monthly to the credit bureaus and that it will convert to an unsecured card when your credit improves.



Use only part of your credit line and make sure you are never late with your payments.



It would also be good if you take care of the charge-offs. They will remain on your report for over seven years. Most mortgage lenders will require you to pay them off. So call the creditors and try to settle.



In about a year or so, you should have a fairly decent credit score.
Just pay as much as you can to the charge off. As soon as you start that, your credit will start to improve. Send 5.00 a month. Just something. It will show that you are trying, and then when they report to your credit, the points will start to build because your making payments. See the credit card companys see that you owe 250.00 and your not paying it.....so naturally they dont want to give you 500.00 and get screwed. SO if you show some good faith payments, things will look up.
Go to a store like maybe a furniture store and purchase some thing for around $200 and ask if you could open a charge account with them. If they allow you to do that make sure you pay them off timely. After you are half way to having them paid off try for a master card or visa at the bank that you have your checking account with because they know how you use that account.

I started out that way with a clothing store and now I have a $15,000 credit line with Master Card.
Follow these simple guidelines to help restore and improve your credit score.



First, make sure all the information on your credit report is accurate.



Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.



Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.



Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.



Repairing your credit and improving your credit score is a slow process that takes time.
Credit repair; Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters攖his is the key?.people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.