2006-08-09 16:41:29 · 7 answers · asked by kenobohenry 2 in Business & Finance ➔ Renting & Real Estate
I just did the same thing in Oct and my credit is still not perfect. you need to start small keep your bills pd on time get one CC and make sure you keep the payment up to date and don't go over your limit. Don't go for the CC that ask you To pay a down PAYMENT. They have high annual fees and the APR is off the chart. Try talk to your Bank and start small like get a loan for 50 bucks and make $10 payments keep them on time. START small this is the best way to gain a good credit report after bankruptcy.
I went the wrong way And now I have to start all over
2006-08-09 16:53:34 · answer #1 · answered by Auntie B 2 · 0⤊ 0⤋
Negative, that is what a lot of those answers are. The fact is this, there are many lenders who have 1 day out of bk products that will allow you to purchase a home if you can prove your income and have a mid fico of 600 you can get 100% a good broker should be able to guide you to this score. It does not have to take years I did it for myself in 3 months just a little work. First make sure that everything is reporting correctly, if it is wrong but says that it is good leave it alone. get a c.c. and keep the balance that you owe vs the available credit 30% or less this earns you points for your fico. simple.. ALL IS NOT LOST , SMILE...
If you want a couple of more pointers that I can not put on the web e-mail me
Cheer UP
2006-08-09 18:42:39 · answer #2 · answered by jen 1 · 0⤊ 0⤋
In the Short, You don't. Wait about 7 to 9 years when it drops off your credit score. Owning/Lending a home for a creditor is a big risk. You should find a good co-signer with a strong credit score, 750+, or 800+ preferably. Make them the primary account holder, then after you have established "better" credit, refinance for a better interest rate. Take care of your money, and it will take care of you!
2006-08-09 16:49:26 · answer #3 · answered by Jeff 2 · 0⤊ 0⤋
You can still purchase a home if you had filed bankruptcy, be prepared to put a lot down, but you can do it. I know this because I am a loan officer. You will also get a high rate, so some times it;s not worth it. Good luck to you.
2006-08-09 16:50:08 · answer #4 · answered by runfox 1 · 0⤊ 0⤋
I just spoke to a loan officer about the same situation she said it could take anywhere from 6 months to a year. Take your time... don't get yourself into to much debt than you can handle. There is always a way to get a loan just take your time..and make sure its what you want. If you can get someone with good credit to co-sign for you and you'll have no problem. Good luck on becoming a new homeowner!!
2006-08-09 17:53:55 · answer #5 · answered by lindsaytejeda 2 · 0⤊ 0⤋
Well, you need to pay off previous debts and try to rebuild your credit - this takes a loooong time.
2006-08-09 16:46:42 · answer #6 · answered by Starlight 5 · 0⤊ 0⤋
No way, should have thought about that before you filed you loser!
2006-08-09 16:47:58 · answer #7 · answered by Flower Girl 6 · 0⤊ 0⤋