I have been paying my bills on time for 3.5 years. I own 2 credit cards which are in "great" standing and my vehicle is paid for. A few months ago, I was turned down for a mortgage and their reason was my past history. Does this mean I have to wait 4 more years to own a home? I was under the impression that if an individual pays his or her debt on time, they should be able to obtain a home loan. I must add that I've never had any bankruptcies, foreclosures (never owned a home) or reposessions. The problems I had in the past has been paid off (which shows on my credit report). What can I do at this point? Any suggesstions will be greatly appreciated.
2006-11-28
00:41:39
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4 answers
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asked by
Shay
4
in
Credit