2007-02-19 08:37:47 · 9 answers · asked by Shlonda f 1 in Business & Finance ➔ Renting & Real Estate
You have a chance to improve your credit rating and therefore brighten up your financial future by being patient, a conscious effort, and a personal debt repayment to improve your credit report. The most practical and effective way to truly improve credit is through a number of practical steps designed to help you not only improve your credit rating but also to maintain a decent credit rating once it has improved. No matter how bad your credit is, taking following steps will make it better.
STEP 1: Dispute Inaccurate Information or Frauds in Your Credit Report
STEP 2: Pay all of your bills on time
STEP 3: Reduce the number of credit cards you carry
STEP 4: Avoid bankruptcies, tax liens and collections
STEP 5: Request for Lower Credit Limits
STEP 6: Get a Small Loan or Credit Card with Co-Signer
STEP 7: Get a Secured Credit Card
STEP 8: Periodically Get a Copy of Your Credit Report
Find complete explanation for each step at:
http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php
2007-02-21 10:55:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are many banks and lending institutions that will give you a mortgage for a house ,but with a sad credit rating probably they will impose a higher interest rate , now to buy a house every lending institution is going to require for you to pay a down payment, the bigger the better for you, as your monthly pay will be less , but they will expect you to dish out at least 25% of the properties cost , now if you have the 25% you can easily buy a house , good luck .
2007-02-19 16:54:49 · answer #2 · answered by young old man 4 · 0⤊ 0⤋
There are mortgage companies that will help you even thou you have bad credit. The interest rate may be high but if you pay on time for a year, you may be able to refinance for a lower interest rate. good luck
2007-02-19 16:43:23 · answer #3 · answered by somg_93 2 · 0⤊ 0⤋
Hi I,m going though same thing as you I buying a house in Florida I might get preappoved so never give up make your dream come true good luck
2007-02-19 23:31:33 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋
Never owned a hosue???
2007-02-19 16:45:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The best bet would be to find an owner who will provide financing. Your interest rate will be higher. Another chance might be FHA financing. You may be able to explain away your credit problems.
2007-02-19 16:42:09 · answer #6 · answered by WJVV 4 · 0⤊ 0⤋
I can give you credit repair and a loan. First time home buyers are never a problem with us. Email me if your interested.
2007-02-20 21:05:13 · answer #7 · answered by Phil H 2 · 0⤊ 0⤋
check into Lease with option to buy...
2007-02-19 17:03:26 · answer #8 · answered by The Emperor of Ecstasy 5 · 0⤊ 0⤋
if you have a job it is easier than you think
http://wesayes.andycaine.hop.clickbank.net/
2007-02-21 15:43:38 · answer #9 · answered by jester c 2 · 0⤊ 0⤋