I have a truly amazing boyfriend. He's literally everything I could hope for: smart (has his MBA), compassionate, supportive, generous, and stable. I'm completely mortified by this, but when I was younger, I was irresponsible with my finances and my credit rating went down as a result. I am working to clean things up, but I know that these things take time. He owns his own house and is very fiscally responsible. I have a feeling that this relationship is going to end up serious (i.e. moving in together/getting engaged). We've never discussed this topic and honestly, I don't want to bring it up! How do I craft an appropriate response when the time comes? I have everything else in my life together and have always managed things on my own...how do I deal with this? I am so scared that this could be a dealbreaker... He adores me and I know that I bring so much to relationship, and this is something that I am working so hard to rectify.How do I talk about my bad credit rating with my boyfriend?
You're being too hard on yourself. No one should judge a person by mistakes made in their past - especially when they've learned from and fixed them! Just explain it like you did above (though don't sound too defensive or down on yourself - LOTS of people make dumb financial mistakes in their youths!) and I'm sure he'll understand.
If he doesn't - or puts you down - or questions the person you are now, chances are he's not the wonderful guy you think he is. Good luck!How do I talk about my bad credit rating with my boyfriend?
Just tell him there was a period in your life that you didn't really understand money and credit that well, and made some mistakes. However since then you've wised up and are fixing things.
I work in the banking industry and I can say that credit does say a lot about you. I know this seems cold but I swore the next girl I dated I would pull all three bureaus and check her credit. Girls I've dated who had their life together had good credit. Not to anyone's surprise, the girls with crappy credit also had the most issues and were flakey. There is a direct correlation between credit history and your personality. That is why your auto insurance premiums and even future job offers are based on credit.
If you guys are in love I'd doubt he kick you to the curb. However, the older I get, the more I consider these factors when I'm a relationship. If these were truly issues in the past (like 2 years ago, not 2 months ago) and you are cleaning up your credit it shouldn't matter. However, I would be leary of a girl with bad credit and 30K in credit card debt. I might marry this woman and take on her debt in the process.
Honesty is the best policy. At least disclose these things up front if you guys are really serious.
Bear with me here, but I bet you two probably have pretty good sex. Why? Because you probably communicate about it, and you understand each other. Sure, it might seem awkward sometimes, but my guess is that you're able to talk and really get to the heart of the other person's needs, wants, desires, and understanding. It's a very healthy thing to do.
Matters of finance are just like sex... uncomfortable to talk about, but SO much better after you do.
Be strong, bring it up, and don't withhold anything. It will be uncomfortable. It'll be awkward. Trust me--I've been there. But if you've got your act together now, he'll recognize that and offer his understanding.
It's just that simple.
How do you talk about anything important with your boyfriend? You lay it out there, honestly, but with a plan to change. It'll be a good test to see where he stands and how he responds to the issue, no matter what the issue. Does he let you handle it all? Does he offer some of his strategies? Money is a huge issue in relationships and you should be honest so he can make an informed decision about you and visa versa. If it were me, I'd bring it up before the subject just came up. Don't ever hide things when dating.
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on%26lt;!--bad credit, you must know to how to confront it. Of course, Even if you have bad credit, you can get loans. Many factors can contribute to someone getting a ';bad credit'; rating, among these are non-payment of an account or late payments over an extended length of time. You may find a bad credit loan here,
http://badcredits.awardspace.com/
You may find want you want. You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to--%26gt;arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
Sunday, November 21, 2010
Can I get a Home loan with bad credit?
Hello,
I have bad credit at the moment, just got married and I'm trying to consider buying a house. I heard that if I put down 20% most banks will give me a loan? Just not sure how true is this? My wife has decent credit and we have the 20% to put down but we don't want to get our hopes up. Any good mortgage company to work with people with bad credit in Florida?Can I get a Home loan with bad credit?
go talk to your local credit union or bank and just see what they have to offer.
yes you will probably be able to get a loan, but it will be a small loan, and yes you will have to put a large deposit down.Can I get a Home loan with bad credit?
try
Yes. not only that, but with that much money available to you should look into programs for first time home buyers. Where in Florida are you looking to buy? Pensacola has some great homes at fantastic prices.
try putting the loan only in her name. you might get it. but yeah, if you put 20% down they might up your loan or whatever. good luck in this economy
The 20%'s a huge help. Most people before the housing collapse didn't have the funds to put down a payment.
It depends on how good your wife's credit is and your income. You can use a mortgage calculator to see how affordable the mortgage will be for you, and that will give you an idea about how confident a bank will be in giving you the loan.
I'd shoot for a 650 credit score. If you pay off your credit debt and any other small debts, it'll give you an instant credit jump. This may help.
Good luck!
Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
Probably because the Mortgage companies are looking for people who want to buy, more people need to buy this will rebuild the market, however, credit is tight right now, and you may pay a higher interest rate right now for your credit score being lower, the beauty is you can refinance later, if your credit improves and the interest rates are lower.
Use your 20% to get a conventional loan with no Mortgage Insurance. That will keep your payments reasonable.
Mortgage insurance protects the bank only.
Buy a home that is a little less that what you can afford.
My rule is that the payments be no more than 1 weeks paycheck. so you if earn 800.00 a week after taxes, your payments should not be more thant that.
Then you know for sure if one of you loses a job, you can still afford your home, or if one of you becomes physically unable to work. you don't risk financial bankruptcy.
Yes, with a down payment, you are a shoo in. It is actually easier to purchase a house than it is a vehicle. You have the other option to just put your wife on the loan too. However, it really will not matter w/ the money down.
I have bad credit at the moment, just got married and I'm trying to consider buying a house. I heard that if I put down 20% most banks will give me a loan? Just not sure how true is this? My wife has decent credit and we have the 20% to put down but we don't want to get our hopes up. Any good mortgage company to work with people with bad credit in Florida?Can I get a Home loan with bad credit?
go talk to your local credit union or bank and just see what they have to offer.
yes you will probably be able to get a loan, but it will be a small loan, and yes you will have to put a large deposit down.Can I get a Home loan with bad credit?
try
Yes. not only that, but with that much money available to you should look into programs for first time home buyers. Where in Florida are you looking to buy? Pensacola has some great homes at fantastic prices.
try putting the loan only in her name. you might get it. but yeah, if you put 20% down they might up your loan or whatever. good luck in this economy
The 20%'s a huge help. Most people before the housing collapse didn't have the funds to put down a payment.
It depends on how good your wife's credit is and your income. You can use a mortgage calculator to see how affordable the mortgage will be for you, and that will give you an idea about how confident a bank will be in giving you the loan.
I'd shoot for a 650 credit score. If you pay off your credit debt and any other small debts, it'll give you an instant credit jump. This may help.
Good luck!
Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.
Probably because the Mortgage companies are looking for people who want to buy, more people need to buy this will rebuild the market, however, credit is tight right now, and you may pay a higher interest rate right now for your credit score being lower, the beauty is you can refinance later, if your credit improves and the interest rates are lower.
Use your 20% to get a conventional loan with no Mortgage Insurance. That will keep your payments reasonable.
Mortgage insurance protects the bank only.
Buy a home that is a little less that what you can afford.
My rule is that the payments be no more than 1 weeks paycheck. so you if earn 800.00 a week after taxes, your payments should not be more thant that.
Then you know for sure if one of you loses a job, you can still afford your home, or if one of you becomes physically unable to work. you don't risk financial bankruptcy.
Yes, with a down payment, you are a shoo in. It is actually easier to purchase a house than it is a vehicle. You have the other option to just put your wife on the loan too. However, it really will not matter w/ the money down.
How to get a mortgage with bad credit?
Our scores our probably in like the 500's and the house we are looking at is only about 35,000How to get a mortgage with bad credit?
Few banks do micro loans, even with good credit.
The only thing that might work for your would be a VA loan, of course you need to be a vet to qualify.How to get a mortgage with bad credit?
That's easy - you don't. You need a minimum of 680 - 700 score, 3 years track record on the job, car loan (if any) at least 1 - 2 years old without any late payments, low debt-to-income ratio, no charge-offs, etc. And you need 20% down payment, plus closing costs, plus 3 - 6 months of reserves.
You're a renter, and staying that way until you meet requirements.
You said your credit scores was in the 500's therefore I would guess that you really don't know your scores because you have not had a credit report ran on you in a little while.
The only way you will ever find out for sure if you are qualified for a mortgage loan program is to apply for a mortgage loan with a local mortgage banker/broker. It cost nothing. Once your credit report has been ran and you know your credit scores then you would know what you have to do to correct things on your credit report.
There are many things you should do, but the first thing you should do is contact a mortgage broker that does FHA mortgage loans and get pre-approved. This is the first step. Once you have your pre-approval then contact a real estate agent to look at house based on what you are qualified to buy.
You will need proof of income so have available pay stubs, w-2, bank statements and other items your mortgage broker will require.
He will inform you of what is necessary once you contact him.
This pre-approval will tell you the amount of house you are qualified to purchase as well as the interest rate, monthly mortgage payments and other necessary things you need to know about your mortgage.
I hope this has been of some benefit to you, good luck.
';FIGHT ON';
In short you don't. In fact no mortgage professional will even look at a loan this small. It takes just as much time to do this loan as it does a $200,000 loan. The fact is we cannot even do section 32 high cost loans, By the time you put underwriting and processing fees on this it would be in section 32. There is no way to make that fly
I am a mortgage banker in TN
FHA, for the moment, will allow 580 credit scores. Soon you will need more down payment with that score. There are very few investors that will take credit scores below 620. With a 620 middle score you may be able to get a loan with only 3.5% down.
Golfer...you better watch out. You could be charged with discrimination for refusing to do a loan based on the loan amount. There are testers out there. They could call you next. Bye bye license.
Few banks do micro loans, even with good credit.
The only thing that might work for your would be a VA loan, of course you need to be a vet to qualify.How to get a mortgage with bad credit?
That's easy - you don't. You need a minimum of 680 - 700 score, 3 years track record on the job, car loan (if any) at least 1 - 2 years old without any late payments, low debt-to-income ratio, no charge-offs, etc. And you need 20% down payment, plus closing costs, plus 3 - 6 months of reserves.
You're a renter, and staying that way until you meet requirements.
You said your credit scores was in the 500's therefore I would guess that you really don't know your scores because you have not had a credit report ran on you in a little while.
The only way you will ever find out for sure if you are qualified for a mortgage loan program is to apply for a mortgage loan with a local mortgage banker/broker. It cost nothing. Once your credit report has been ran and you know your credit scores then you would know what you have to do to correct things on your credit report.
There are many things you should do, but the first thing you should do is contact a mortgage broker that does FHA mortgage loans and get pre-approved. This is the first step. Once you have your pre-approval then contact a real estate agent to look at house based on what you are qualified to buy.
You will need proof of income so have available pay stubs, w-2, bank statements and other items your mortgage broker will require.
He will inform you of what is necessary once you contact him.
This pre-approval will tell you the amount of house you are qualified to purchase as well as the interest rate, monthly mortgage payments and other necessary things you need to know about your mortgage.
I hope this has been of some benefit to you, good luck.
';FIGHT ON';
In short you don't. In fact no mortgage professional will even look at a loan this small. It takes just as much time to do this loan as it does a $200,000 loan. The fact is we cannot even do section 32 high cost loans, By the time you put underwriting and processing fees on this it would be in section 32. There is no way to make that fly
I am a mortgage banker in TN
FHA, for the moment, will allow 580 credit scores. Soon you will need more down payment with that score. There are very few investors that will take credit scores below 620. With a 620 middle score you may be able to get a loan with only 3.5% down.
Golfer...you better watch out. You could be charged with discrimination for refusing to do a loan based on the loan amount. There are testers out there. They could call you next. Bye bye license.
Hello I am 17 years old my parents have bad credit to the point they can't own apartment. How can i get an apt
I am 17 years old..could i get apartment at 17. I need to be on my own . I hate the place we live now because it's so ghetto. My family live with my grandfather in a two bedroom house plus my sister children. I really want to move back to bloomington il and live on my own..is that possible?Hello I am 17 years old my parents have bad credit to the point they can't own apartment. How can i get an apt
You won't be able to get the apartment until you are eighteen, and even then it will still be hard. You don't have credit yet, so you probably will need a cosigner, and your parents may not qualify because of their bad credit. My sister is 23 and she needed someone to cosign for her.Hello I am 17 years old my parents have bad credit to the point they can't own apartment. How can i get an apt
You have to be 18 in order to sign a lease which is a contract. Minors are not allowed to sign a contract.
If you can get a job full time and earn enough to pay the rent and feed yourself and pay the heating, lighting, telephone bills and clothe yourself too...then yes.
Yeah sure, buy an appartment and you are on your way. You do need permission form your parents for a lot of things as long as you are not 18 though.
i think you need to get a roomate who is 18. (unless in your area its different)
someone with good credit you can trust.
they can sign the lease for a 2 bedroom and you can move in
yes. There are places that will let you rent. However, they may also be in the ';ghetto';.
Start building positive credit now!!
you have to start buying things that you buy by making payments and make those payments on time and youll have good credit
You need a job and have to establish your own credit rating. You may be able to get your own place if you have enough money for the first and last month rent deposit, but at 17 if you don't have a decent job it may be hard to find a landlord willing to rent you a place.
You can't sign a contract until you're 18, so no apartment. Sorry. Maybe you could rent a room from someone? Like a family that needs extra money or something.
Find a room mate with good credit.
Only if you are legally emancipated. Typically, this means you must get your GED %26amp; have a full time job to be considered a legal ';adult'; and to get legally emancipated. You sound like you'll be better off waiting until you're 18. Just finish your education and then you can get grants and scholarships that will pay your entire way through college and then you can start a better life for yourself =)
It may not yet be. But you should have no trouble when you are 18. Instead, try betting on your future and going to college or enter the military.
Keep a hold of the credit card situation so you do not end up like your parents.
College or the military (with additional training) will help you out in the future and lead to financial security.
Remember, your parent's mess is not your own. Let your grandfather help them out and you look out for yourself.
Finish school and find a job. You are very close to choosing your own path. Dont do it before you are ready though. Find a college in Bloomington and start preparing to pick a direction in life that you will follow. You will be on your own before you know it.
yes...there is a thing called legal emancipation and allows you to do things on your own...your parents have to help here and you did not say what was going on in your relationship....be careful though and I do not mean to be mean but I know too many clients who have used the kids id to get phones and places to live in the kids id and then did not pay the bills...this gives the kid a bad credit rating before they are even old enough to have any credit rating...but if that is done there is a way to undo it
No, you have to be aleast 18 to rent... Many places want you to be aleast 21 to rent...
It is possible. Think individually. What can you do to help yourself? What kind of job can you get? What kind of education can you get to help you get a better job? Learn all that you can about personal finance. Do not believe that you learned all you need in school. Go and get a book about personal finance and learn about budgets and saving and investing.
Next up, you have already seen what kind of damage that credit can bring. Learn from it. Use credit sparingly. That is the cause of a lot of finance problems. People go into debt for some of the dumbest reasons. A TV is not a good idea to go into debt. A vacation is not a good idea to go into debt. New furniture is not a good reason to go into debt.
Basically, if you are not making money off what you are buying then debt is pretty much a bad idea. A house or an education would be good examples of using debt properly. However, you still have to be careful. Lots of people have learned that mortgages can be tough and I know plenty of people who borrowed too much money for school and now their student loans are crippling them.
In the end, you just need to learn more about personal finance. Go and get ';Personal Finance for Dummies';. Don't let the name throw you off. It is a pretty good starting point. Gets you the basics in a pretty easy format. From there, expand into other books. Don't forget the internet. Lots of resources out there.
Here is a site that I use. It has thousands of articles covering just about every aspect you personal finance you can imagine.
http://www.bankrate.com/brm/news/Archive
Go thru there and find articles that interest you and read them.
anyone can get an apartment anywhere wit the right amount of money. you may have to pay a few months in advance or a higher deposit. but if u want an apartment and have the money u can get it
I know bloomington! Im from Rockford and just moved out on my own a few years ago. You have to be 18 to sign a lease unless you want to go to court and all of that. A friend of mine who had no credit and moved out at 18 did this: save your money from now until you turn 18, find an apartment that is owned by a landlord and try to sign the lease on your own, you may need a good job to show responsibility etc etc, if the landlord turns you down offer to pay a few months rent up front (like i said save your money) so he knows that at least for a few months he can trust youre paid up. Why do you want to move to bloomington? if you want to go to school there, you should try for some financial aid to live in the dorms there... some of them really arent bad and you could meet some great roomates! if you arent going to school there maybe consider some other areas where the cost of living is cheaper.
You won't get an apartment until you are at least 18 years of age, since you are still not a legal adult. Any lease agreement signed by a minor is not enforceable, and rare is the landlord who will agree to rent facilities to someone who cannot be held legally liable for rents and damages.
I can only suggest waiting until you are old enough to legally strike out on your own. You may have difficulty at age 18 as well, since you won't have any credit file established which a landlord can check. You may need to find accommodations with someone 'to share' until you have established credit.
Money talks here and so does credit. So you need to get the credit in place. You could take one of your parents bills and be sure to pay it early or ontime for a year. That starts a credit line that you can demonstrate. Get a checking account when you can and keep track of the cancelled checks so that you can show them when you need to do so. Paying ontime or early is so important! You can craft a better life by being smarter! Once the credit is in place and you have your first apartment just remember you don't spend until you have the money in the bank account! Balance your account every month and be strict with yourself. Never save in an account that has a fee. Shop for a bank who understands what saving is about and there are NO fees required for a SAVINGS account! MAKE THEM UNDERSTAND. Get a library card (did you know you can ';check out movies'; from the library thereby saving a Blockbuster fee! or cable TV and study: Read Susy Ormond for money advice and anything Rich Dad, Poor Dad! by Robert Kyosaki. First apartment should either be a big complex they charge less but, will do a credit check! or a small landlord who only owns one or two apartments-they may not even check credit. Better to be prepared for it though. If you go through a Realtor it may cost you First, Last and security plus up to $100 for a credit check. Hope this helps. Good Luck-God Bless.
not until you're 18 and you have a full time job and money for the security deposit and first and last month's rent before you can sign a lease yourself. and you don't own an apt, you rent it.
if you are 17, then I'm guessing you are just about finishing high school. Forget the apartment for now.
Go to college!!!!!!!!
You will be on your own and helping yourself.
You won't be able to get the apartment until you are eighteen, and even then it will still be hard. You don't have credit yet, so you probably will need a cosigner, and your parents may not qualify because of their bad credit. My sister is 23 and she needed someone to cosign for her.Hello I am 17 years old my parents have bad credit to the point they can't own apartment. How can i get an apt
You have to be 18 in order to sign a lease which is a contract. Minors are not allowed to sign a contract.
If you can get a job full time and earn enough to pay the rent and feed yourself and pay the heating, lighting, telephone bills and clothe yourself too...then yes.
Yeah sure, buy an appartment and you are on your way. You do need permission form your parents for a lot of things as long as you are not 18 though.
i think you need to get a roomate who is 18. (unless in your area its different)
someone with good credit you can trust.
they can sign the lease for a 2 bedroom and you can move in
yes. There are places that will let you rent. However, they may also be in the ';ghetto';.
Start building positive credit now!!
you have to start buying things that you buy by making payments and make those payments on time and youll have good credit
You need a job and have to establish your own credit rating. You may be able to get your own place if you have enough money for the first and last month rent deposit, but at 17 if you don't have a decent job it may be hard to find a landlord willing to rent you a place.
You can't sign a contract until you're 18, so no apartment. Sorry. Maybe you could rent a room from someone? Like a family that needs extra money or something.
Find a room mate with good credit.
Only if you are legally emancipated. Typically, this means you must get your GED %26amp; have a full time job to be considered a legal ';adult'; and to get legally emancipated. You sound like you'll be better off waiting until you're 18. Just finish your education and then you can get grants and scholarships that will pay your entire way through college and then you can start a better life for yourself =)
It may not yet be. But you should have no trouble when you are 18. Instead, try betting on your future and going to college or enter the military.
Keep a hold of the credit card situation so you do not end up like your parents.
College or the military (with additional training) will help you out in the future and lead to financial security.
Remember, your parent's mess is not your own. Let your grandfather help them out and you look out for yourself.
Finish school and find a job. You are very close to choosing your own path. Dont do it before you are ready though. Find a college in Bloomington and start preparing to pick a direction in life that you will follow. You will be on your own before you know it.
yes...there is a thing called legal emancipation and allows you to do things on your own...your parents have to help here and you did not say what was going on in your relationship....be careful though and I do not mean to be mean but I know too many clients who have used the kids id to get phones and places to live in the kids id and then did not pay the bills...this gives the kid a bad credit rating before they are even old enough to have any credit rating...but if that is done there is a way to undo it
No, you have to be aleast 18 to rent... Many places want you to be aleast 21 to rent...
It is possible. Think individually. What can you do to help yourself? What kind of job can you get? What kind of education can you get to help you get a better job? Learn all that you can about personal finance. Do not believe that you learned all you need in school. Go and get a book about personal finance and learn about budgets and saving and investing.
Next up, you have already seen what kind of damage that credit can bring. Learn from it. Use credit sparingly. That is the cause of a lot of finance problems. People go into debt for some of the dumbest reasons. A TV is not a good idea to go into debt. A vacation is not a good idea to go into debt. New furniture is not a good reason to go into debt.
Basically, if you are not making money off what you are buying then debt is pretty much a bad idea. A house or an education would be good examples of using debt properly. However, you still have to be careful. Lots of people have learned that mortgages can be tough and I know plenty of people who borrowed too much money for school and now their student loans are crippling them.
In the end, you just need to learn more about personal finance. Go and get ';Personal Finance for Dummies';. Don't let the name throw you off. It is a pretty good starting point. Gets you the basics in a pretty easy format. From there, expand into other books. Don't forget the internet. Lots of resources out there.
Here is a site that I use. It has thousands of articles covering just about every aspect you personal finance you can imagine.
http://www.bankrate.com/brm/news/Archive
Go thru there and find articles that interest you and read them.
anyone can get an apartment anywhere wit the right amount of money. you may have to pay a few months in advance or a higher deposit. but if u want an apartment and have the money u can get it
I know bloomington! Im from Rockford and just moved out on my own a few years ago. You have to be 18 to sign a lease unless you want to go to court and all of that. A friend of mine who had no credit and moved out at 18 did this: save your money from now until you turn 18, find an apartment that is owned by a landlord and try to sign the lease on your own, you may need a good job to show responsibility etc etc, if the landlord turns you down offer to pay a few months rent up front (like i said save your money) so he knows that at least for a few months he can trust youre paid up. Why do you want to move to bloomington? if you want to go to school there, you should try for some financial aid to live in the dorms there... some of them really arent bad and you could meet some great roomates! if you arent going to school there maybe consider some other areas where the cost of living is cheaper.
You won't get an apartment until you are at least 18 years of age, since you are still not a legal adult. Any lease agreement signed by a minor is not enforceable, and rare is the landlord who will agree to rent facilities to someone who cannot be held legally liable for rents and damages.
I can only suggest waiting until you are old enough to legally strike out on your own. You may have difficulty at age 18 as well, since you won't have any credit file established which a landlord can check. You may need to find accommodations with someone 'to share' until you have established credit.
Money talks here and so does credit. So you need to get the credit in place. You could take one of your parents bills and be sure to pay it early or ontime for a year. That starts a credit line that you can demonstrate. Get a checking account when you can and keep track of the cancelled checks so that you can show them when you need to do so. Paying ontime or early is so important! You can craft a better life by being smarter! Once the credit is in place and you have your first apartment just remember you don't spend until you have the money in the bank account! Balance your account every month and be strict with yourself. Never save in an account that has a fee. Shop for a bank who understands what saving is about and there are NO fees required for a SAVINGS account! MAKE THEM UNDERSTAND. Get a library card (did you know you can ';check out movies'; from the library thereby saving a Blockbuster fee! or cable TV and study: Read Susy Ormond for money advice and anything Rich Dad, Poor Dad! by Robert Kyosaki. First apartment should either be a big complex they charge less but, will do a credit check! or a small landlord who only owns one or two apartments-they may not even check credit. Better to be prepared for it though. If you go through a Realtor it may cost you First, Last and security plus up to $100 for a credit check. Hope this helps. Good Luck-God Bless.
not until you're 18 and you have a full time job and money for the security deposit and first and last month's rent before you can sign a lease yourself. and you don't own an apt, you rent it.
if you are 17, then I'm guessing you are just about finishing high school. Forget the apartment for now.
Go to college!!!!!!!!
You will be on your own and helping yourself.
How to consolidate my private student loans with bad credit.?
I have student loans with sallie mae. I have around 76,000 with private and federal student loans. I have ran out of forberence. I had to use my forberences in the past because of no job or not enough money to make payments. Well...now my payments is over 1500 a month. I will be starting a new job next monday. I will be making around 2000 dollars a month. My wife and I and my mother have a house together and our morgage is 1775 and i also have a son. As you can see theres no way I can make that high of a payment. i now have very bad credit because of the student loans. My mother was also the co signer for the loans and she has bad credit. My wife dosnt have very good credit also. I guess you can say that I dont have another co signer to use. I am trying and stressing on how to pay my loans and getting my credit back. If anyone knows or can give any advice please please do.How to consolidate my private student loans with bad credit.?
Sounds like you want a chance to get your loans paid back and restore your credit to a healthy level. Have you talked to Sallie Mae to explore all options and help get your monthly payments to a manageable level? Give them a chance to help - they will. Call toll-free at 888-2-SALLIE and provide them with your account number. Tell them exactly what you've blogged here and ask them for help on repayment options, including consolidation for both types of loans.
If you haven't consolidated your federal loans yet, that might help you. You don't need a cosigner to do that. And you can typically consolidate as long as none of your loans have defaulted. If you can consolidate your federal loans, try to get a deferment called ';financial hardship deferment.'; Then you can focus on paying down your private loans. Hope this helps.How to consolidate my private student loans with bad credit.?
If the loans are in default, your best bet is to work with the current lenders to restructure them. If they are not yet in default, you may be able to do a consolidation loan. Generally credit is not an issue with consolidating the loans, as long as they are no in default.
A couple of places I recommend are Chase Bank, they have a student loan division you can reach through http://www.usadegrees.com/consolidate/ and Student Loan Advisors at http://www.StudentLoanAdvisors.com
Good luck with getting everything straightened out. It's certainly stressful, but it's better to be proactive than reactive in matters like this.
Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad credit%26lt;!--student loan is payable only after the student has completed his or her education, and has started earning a certain minimum amount. You can find more information on Student Loan here,
http://badcredits.awardspace.com/student-loans.htm
The minimum amount that the candidate of the bad credit student loan is required to earn has also increased. Bad credit student loans are available as both secured and unsecured loans--%26gt;depending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.
Banks and finance companies make a lot of money from consolidation loans. Since they all are offering the same product, the only way that they can compete to get your business is to offer incentives.
You need to shop around to see which bank will offer you the best incentives. Different banks will give you different incentives such as lower monthly payments, cash back, etc.
Here are some sites I'd check, including your current lender who might try and cut you a deal to keep you:
http://salliemae.com - your current lender and a major student lending company
http://financialaid.com - student loans and consolidations
http://finfo.com - receive up to four competing offers from banks with no obligation
Make sure you explain your situation and tell them that your shopping around for the best deal. That should get you the deal that you want.
Good luck!
You need to talk to various student loan companies and see if they will consolidate your loans and let you make a lower payment. I use Citibank, and I have found them to be extremely helpful and responsive. I have heard bad things about Sallie Mae and their ridiculously high payments, but you may be able to talk to them about at least lowering your payments. Student loans are not supposed to bankrupt you, but you are expected to pay something back each month. See if they will work with you to lower your payment. Citibank's website is www.studentloan.com. Check them out and see if they can help you.
';SCAM ALERT'; Beware of all advance fee scams on the internet. Never send $ up front via western union,money gram,bank/wire transfer to any foreign country in hopes of getting anything in return.You won't,you will get 100% guaranted scammed if you do.rodents wildlife sanctuaries
Sounds like you want a chance to get your loans paid back and restore your credit to a healthy level. Have you talked to Sallie Mae to explore all options and help get your monthly payments to a manageable level? Give them a chance to help - they will. Call toll-free at 888-2-SALLIE and provide them with your account number. Tell them exactly what you've blogged here and ask them for help on repayment options, including consolidation for both types of loans.
If you haven't consolidated your federal loans yet, that might help you. You don't need a cosigner to do that. And you can typically consolidate as long as none of your loans have defaulted. If you can consolidate your federal loans, try to get a deferment called ';financial hardship deferment.'; Then you can focus on paying down your private loans. Hope this helps.How to consolidate my private student loans with bad credit.?
If the loans are in default, your best bet is to work with the current lenders to restructure them. If they are not yet in default, you may be able to do a consolidation loan. Generally credit is not an issue with consolidating the loans, as long as they are no in default.
A couple of places I recommend are Chase Bank, they have a student loan division you can reach through http://www.usadegrees.com/consolidate/ and Student Loan Advisors at http://www.StudentLoanAdvisors.com
Good luck with getting everything straightened out. It's certainly stressful, but it's better to be proactive than reactive in matters like this.
Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad credit%26lt;!--student loan is payable only after the student has completed his or her education, and has started earning a certain minimum amount. You can find more information on Student Loan here,
http://badcredits.awardspace.com/student-loans.htm
The minimum amount that the candidate of the bad credit student loan is required to earn has also increased. Bad credit student loans are available as both secured and unsecured loans--%26gt;depending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.
Banks and finance companies make a lot of money from consolidation loans. Since they all are offering the same product, the only way that they can compete to get your business is to offer incentives.
You need to shop around to see which bank will offer you the best incentives. Different banks will give you different incentives such as lower monthly payments, cash back, etc.
Here are some sites I'd check, including your current lender who might try and cut you a deal to keep you:
http://salliemae.com - your current lender and a major student lending company
http://financialaid.com - student loans and consolidations
http://finfo.com - receive up to four competing offers from banks with no obligation
Make sure you explain your situation and tell them that your shopping around for the best deal. That should get you the deal that you want.
Good luck!
You need to talk to various student loan companies and see if they will consolidate your loans and let you make a lower payment. I use Citibank, and I have found them to be extremely helpful and responsive. I have heard bad things about Sallie Mae and their ridiculously high payments, but you may be able to talk to them about at least lowering your payments. Student loans are not supposed to bankrupt you, but you are expected to pay something back each month. See if they will work with you to lower your payment. Citibank's website is www.studentloan.com. Check them out and see if they can help you.
';SCAM ALERT'; Beware of all advance fee scams on the internet. Never send $ up front via western union,money gram,bank/wire transfer to any foreign country in hopes of getting anything in return.You won't,you will get 100% guaranted scammed if you do.
How do people with bad credit get ANYTHING? I'm trying to get my own apartment. I don't have anyone to co-sign
for me. I went and looked at a bunch of apartments but they require good credit history. How the heck am I supposed to get my own apartment?Is it ever going to be possible? I don't want a house or a dumpy apartment.How do people with bad credit get ANYTHING? I'm trying to get my own apartment. I don't have anyone to co-sign
There are always opportunities out there. Many smaller appt properties use on site management --Collect the rents take phone calls when problems arise and handle them. The manager does this in Lou of rent--stays for free actually trades a little sweat for alot of apptHow do people with bad credit get ANYTHING? I'm trying to get my own apartment. I don't have anyone to co-sign
Depends on your age, work history, current job, etc.
If you are young (18-25) - they rely more on your credit and such, and will seek a co-signer since their experience has been young folks typically are irresponsible and will bail if they owe money.
If over 30, this becomes not so much an issue. Try looking for independently owned apartments, rather than major corp owned. The restrictions are less severe.
BTW - To The answerer above - not always is it your fault for bad credit - nor always your choice.
There are unscrupulous businesses and people that will file false reports in order to get at your for any perceived reasons.
Divorces will affect your credit as well. Especially when you have a psycho ex that leaves you while having an affair, then does everything they can to ruin you for filing for divorce.
Mine went and signed me up for 100's of gay and alternate lifestyle magazines using the ';Bill Me Later'; option and had them all delivered to my workplace. The bill for it come to over $5000, and took me years to clear off my credit history. She also went and got phone service in my name, and let her neighbors whom were from China, call home everyday. That bill come to over $8000, and took four years to remove.
I'm barely getting my credit back - it it was 15 years ago we divorced. My second marriage and divorce didn't help with her mounds of medical bills being put on my credit since she kept me on as her ';responsible party'; for payments after the divorce, and suddenly had reason to go in almost weekly for tests and emergency visits.
It will take a few years, at least, to clean up bad credit...and that is assuming you are committed to doing so. I got into some credit problems in college, and at the time didn't realize the HUGE impact that bad credit can have on your future. It took me about 5-6 years to get back on track. Now, my credit is in good shape and I am almost obsessive about knowing my credit score, having low debt, etc...
However, like I said...cleaning up your credit doesn't happen over night, so in the meantime as you look for apartments, you may want to consider looking for a privately owned house/apt to rent. Unfortunately, you will probably not get into an apartment building complex (if that is what you were looking for). Typically, complexes have strict application guidelines and credit history makes up a large part of that. Also, employment history can be important when looking for housing. For example, people want to see job stability and it looks much better to have maintained the same job for 1-2 years at least, than to have 3-4 different jobs over that same time period. Finally, if you are really in a bind with finding an apartment, it can't hurt to plead your case to whomever is renting. Sometimes owners may simply pick an individual to rent their apartment because that person made a good impression on them. You could be honest...tell them you know your credit is not the best currently, but you are working on repairing it...and demonstrate through your pay stub (or any other forms of money) that you will have no problem paying the rent.
Good luck with the apartment search!
When I moved to a new town and didn't have a long job history, great credit, etc. what helped me was calling the landlords or going down and talking to them personally. I think it helps for them to see you and that you're normal and clean-cut. I would go talk to them and explain my situation and mention my willingness to pay a deposit. If you are willing to put down money right then and there, preferably a large amount, even more than other people, the landlord is a lot less likely to refuse.
Good luck.
Well, you are the one that decided to have bad credit and the result, no one else wants you stealing from them.
You are going to have to settle for the dumpy apartment that no one with good credit wants.
It is very expensive to evict someone and if your credit indicates that there is no way you are going to pay your rent then you can't very well expect people to welcome you into their property.
oh, my Gosh...i feel the same way. I am 27 and I am trying to move next month. I found the apt. but I am scared that my previous bankruptcy will be an issue. I hear if you are willing to put up more $$$$ for a security deposit, to ensure that you are not going to stiff them on the rent , you may come out on top. Let's hope so. Good luck.
Your best bet is to go online, maybe craigslist, and search for individual owners who are renting their condos. Condo is pretty much an apartment. Only diffrence is, that at the complex you have individual owners compared to one owner for the entire place. So many people have purchased condos and are desperate to find renters because they must pay on their mortgage. Make sure and pay on time and treat them right. This is the right time to turn things around and rebuild. Good luck.
There are always opportunities out there. Many smaller appt properties use on site management --Collect the rents take phone calls when problems arise and handle them. The manager does this in Lou of rent--stays for free actually trades a little sweat for alot of apptHow do people with bad credit get ANYTHING? I'm trying to get my own apartment. I don't have anyone to co-sign
Depends on your age, work history, current job, etc.
If you are young (18-25) - they rely more on your credit and such, and will seek a co-signer since their experience has been young folks typically are irresponsible and will bail if they owe money.
If over 30, this becomes not so much an issue. Try looking for independently owned apartments, rather than major corp owned. The restrictions are less severe.
BTW - To The answerer above - not always is it your fault for bad credit - nor always your choice.
There are unscrupulous businesses and people that will file false reports in order to get at your for any perceived reasons.
Divorces will affect your credit as well. Especially when you have a psycho ex that leaves you while having an affair, then does everything they can to ruin you for filing for divorce.
Mine went and signed me up for 100's of gay and alternate lifestyle magazines using the ';Bill Me Later'; option and had them all delivered to my workplace. The bill for it come to over $5000, and took me years to clear off my credit history. She also went and got phone service in my name, and let her neighbors whom were from China, call home everyday. That bill come to over $8000, and took four years to remove.
I'm barely getting my credit back - it it was 15 years ago we divorced. My second marriage and divorce didn't help with her mounds of medical bills being put on my credit since she kept me on as her ';responsible party'; for payments after the divorce, and suddenly had reason to go in almost weekly for tests and emergency visits.
It will take a few years, at least, to clean up bad credit...and that is assuming you are committed to doing so. I got into some credit problems in college, and at the time didn't realize the HUGE impact that bad credit can have on your future. It took me about 5-6 years to get back on track. Now, my credit is in good shape and I am almost obsessive about knowing my credit score, having low debt, etc...
However, like I said...cleaning up your credit doesn't happen over night, so in the meantime as you look for apartments, you may want to consider looking for a privately owned house/apt to rent. Unfortunately, you will probably not get into an apartment building complex (if that is what you were looking for). Typically, complexes have strict application guidelines and credit history makes up a large part of that. Also, employment history can be important when looking for housing. For example, people want to see job stability and it looks much better to have maintained the same job for 1-2 years at least, than to have 3-4 different jobs over that same time period. Finally, if you are really in a bind with finding an apartment, it can't hurt to plead your case to whomever is renting. Sometimes owners may simply pick an individual to rent their apartment because that person made a good impression on them. You could be honest...tell them you know your credit is not the best currently, but you are working on repairing it...and demonstrate through your pay stub (or any other forms of money) that you will have no problem paying the rent.
Good luck with the apartment search!
When I moved to a new town and didn't have a long job history, great credit, etc. what helped me was calling the landlords or going down and talking to them personally. I think it helps for them to see you and that you're normal and clean-cut. I would go talk to them and explain my situation and mention my willingness to pay a deposit. If you are willing to put down money right then and there, preferably a large amount, even more than other people, the landlord is a lot less likely to refuse.
Good luck.
Well, you are the one that decided to have bad credit and the result, no one else wants you stealing from them.
You are going to have to settle for the dumpy apartment that no one with good credit wants.
It is very expensive to evict someone and if your credit indicates that there is no way you are going to pay your rent then you can't very well expect people to welcome you into their property.
oh, my Gosh...i feel the same way. I am 27 and I am trying to move next month. I found the apt. but I am scared that my previous bankruptcy will be an issue. I hear if you are willing to put up more $$$$ for a security deposit, to ensure that you are not going to stiff them on the rent , you may come out on top. Let's hope so. Good luck.
Your best bet is to go online, maybe craigslist, and search for individual owners who are renting their condos. Condo is pretty much an apartment. Only diffrence is, that at the complex you have individual owners compared to one owner for the entire place. So many people have purchased condos and are desperate to find renters because they must pay on their mortgage. Make sure and pay on time and treat them right. This is the right time to turn things around and rebuild. Good luck.
How come 90% of the questions on here are about bad credit, etc?
It seems 90% of the questions on here deal with people trying to buy a house they can't afford, get interest and penalties removed from missed payments, and how to wipe out credit card debt.
Does anyone else notice this?!?How come 90% of the questions on here are about bad credit, etc?
Well, generally good credit isn't something you need help resolving. There are some questions about establishing credit for the first time and how to handle credit cards, but, in general those are questions that are very easy to answer for yourself with a brief internet search.
The more complicated questions like how to get a credit card company to quit harassing you, whether debt consolidation really works and whether they can afford housing are often, sadly enough, more honestly answered by regular people. If I asked a realtor how much of a house I could afford, they would have approved me for double the price of the house I bought. A house, by the way, that I'm in the process of losing due to loss of my job and a years worth of monthly shortfalls. Many people who are having monetary/credit issues cannot afford the professional advice they really need.
I had started calling around for a bankruptcy attorney and was getting quoted $1200 + for a very basic chapter 7. I couldn't afford it, so it looked like I was just going to get harassed and sued forever on top of being miserably unemployed. I was on my local craigslist looking for a decent local attorney that would do a payment plan when someone sent me to a forum about bankruptcy. I ended up filing my bankruptcy successfully by myself.
I never had to ask a question about credit when I was employed. I knew not to carry a balance, I bought half the price of home I was approved for, I didn't finance my car. I didn't need to ask questions about credit until the ';you know what'; hit the fan. Many of my friends and acquaintances are also laid off and have been for months. No matter how well you've saved, you do hit the end of your savings and then you need to find out how to deal with negative credit issues. Of course, by then, you can't afford professional help.How come 90% of the questions on here are about bad credit, etc?
Uh, some people are looking for help and advice?
If you don't like it then go into the food category!!
Does anyone else notice this?!?How come 90% of the questions on here are about bad credit, etc?
Well, generally good credit isn't something you need help resolving. There are some questions about establishing credit for the first time and how to handle credit cards, but, in general those are questions that are very easy to answer for yourself with a brief internet search.
The more complicated questions like how to get a credit card company to quit harassing you, whether debt consolidation really works and whether they can afford housing are often, sadly enough, more honestly answered by regular people. If I asked a realtor how much of a house I could afford, they would have approved me for double the price of the house I bought. A house, by the way, that I'm in the process of losing due to loss of my job and a years worth of monthly shortfalls. Many people who are having monetary/credit issues cannot afford the professional advice they really need.
I had started calling around for a bankruptcy attorney and was getting quoted $1200 + for a very basic chapter 7. I couldn't afford it, so it looked like I was just going to get harassed and sued forever on top of being miserably unemployed. I was on my local craigslist looking for a decent local attorney that would do a payment plan when someone sent me to a forum about bankruptcy. I ended up filing my bankruptcy successfully by myself.
I never had to ask a question about credit when I was employed. I knew not to carry a balance, I bought half the price of home I was approved for, I didn't finance my car. I didn't need to ask questions about credit until the ';you know what'; hit the fan. Many of my friends and acquaintances are also laid off and have been for months. No matter how well you've saved, you do hit the end of your savings and then you need to find out how to deal with negative credit issues. Of course, by then, you can't afford professional help.How come 90% of the questions on here are about bad credit, etc?
Uh, some people are looking for help and advice?
If you don't like it then go into the food category!!
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