I really dont have that much credit but i have a bad credit.?

Question

I owe a little money to some creditors and i was always late for my car payments before.Im getting married next year and my fiancee wants to buy a house after the wedding.Can i pay all of this credit now which is really not that much and not have trouble buying a house because of this?Im scared.

Answer 1

#1) Pull all your reports. Not online, request actual physical copies. They usually contain more than what an online report does. This will give you a start on where you need to go with your reports. Also, keep them. Never toss them. They are proof later on if you need them to refer to if you ever get into a legal situation regarding your credit (lawsuit etc). You can get your first set free on an annual basis at annualcreditreport.com.

#2) Dispute. Dispute anything that is not correct including, balance amounts, lates, etc. If you have only one or two lates, I would call your creditor and see if you can get them removed via goodwill gesture, or send a goodwill letter. You can find some great letters on some of the credit boards like creditnet.com and creditboards.com.

#3.) Collections? If you have any collections on your account or anything that should not be there, send a DV (debt validation) to the creditor asking to prove the debt. If they cannot, they have to remove the debt off of your report by law.

#4.) You have rights - check out http://www.ftc.gov/os/statutes/031224fcr... for more info.

#5.) check out some of the posts on creditnet.com and creditboards.com for assistance.

#6.) If you have no credit, or want a temporary boost - have a family member or really (really, really, really) close friend add you in as an authorized user on their credit cards. Make sure the balances are not high, otherwise this could hurt you more. The higher the available credit, the more your utilization will go down on your report - therefore bumping your score.

#7.) Avoid unnecessary inquiries. Hard pulls can hurt you, so avoid applying for new credit cards unless necessary.

This of course is a shortened version of things you can try. Research info on those links I provided you. You can increase your score spending just a short amount of time per week, sending letters to creditors etc. I increased my score over 100 points in less than 6 months. Depending on your situation, this could take shorter or longer time, but at least you have somewhere to start. Good luck!

Answer 2

Pay the amount off. The purchase of a house is not like other purchased. The bank has security in real property. If you have a reasonable down payment are able to buy a house for the market rate then your joint income will be the next factor. Once the debt is paid you will only have a minor blemish that should have no effect on a property purchase..

Answer 3

For Credit and finance solutions I visit this website where you can find all the solutions. http://your-finance.us/index.html?src=Voj20QKLWfa

RE :I really dont have that much credit but i have a bad credit.?
I owe a little money to some creditors and i was always late for my car payments before.Im getting married next year and my fiancee wants to buy a house after the wedding.Can i pay all of this credit now which is really not that much and not have trouble buying a house because of this?Im scared.
Follow 8 answers

Answer 4

Even if you pay off your debts, your late payments will still be on your credit record. You may be able to get the loan, but you'll probably have a higher interest rate or necessary down payment.

Answer 5

The late payments hurt the most. Thouse will destroy any chances of getting other credit cards and better loans products.

Answer 6

PLEASE START MAKING YOUR PAYMENTS ON TIME.....PUT A FREEZE ON YOUR CREDIT CARD AND LOW THE BALANCE TO UNDER 25%. ORDER ALL THREE OF YOUR CREDIT REPORT AND DISPUTE THE INFORMATION ON IT OR PAY A CREDIT REPAIR COMPANY TO DO SO. PAY YOUR BILLS ON TIME. SIX MONTHS FROM NOW YOUR CREDIT SCORE SHOULD BE ABOUT 100 POINTS HIGHER. PAY YOUR BILLS ON TIME.........ENJOY.......

http://575nomoneydown.com

Answer 7

I really dont have that much credit but i have a bad credit.?

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Answer 8

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Answer 9

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