2007-06-06 07:57:47 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
I live in Florida right now and hope to stay here. My credit score is in it's 300s, so that's pretty bad. Can anyone help me?
2007-06-07 08:36:05 · update #1
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://www.axalda.info/bad-credit-mortgage.html
2007-06-06 18:53:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
How bad is "bad"??
It all depends on where you live, I suppose. Here in Ohio, we have first-time homeowner loans at competitive interest rates if your score is at least 620. The down payment requirement is 2% or 3% down, which is not bad.
I would not get into a loan without a down payment, unless the appraisal is excellent compared to the buying price. You want equity.
If your credit is terrible, take the time to clean it up first. You should have no open collections, charge-offs, judgments or liens. If anyone will qualify you for a loan with those on your record, run the other way. They're setting you up to fail.
Go to your local bank or credit union and explore -
2007-06-06 15:23:55 · answer #2 · answered by YSIC 7 · 0⤊ 0⤋
Hi,
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.
2007-06-08 12:49:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you plan to pay back the money , you can ask for a loan at Prosper. More information at http://www.acreditlibrary.com/prosper.html . You can also try your luck at online charities, people may send donations. More information at http://www.laodn.org/
2007-06-08 10:52:17 · answer #4 · answered by chrisstophe1975 2 · 0⤊ 0⤋
Sure, at a rediculous interest rate.
2007-06-06 15:00:32 · answer #5 · answered by Mike1942f 7 · 0⤊ 0⤋
You can get online quotes at http://BadCreditE-loan.com so that you can see what your options are.
2007-06-08 14:02:38 · answer #6 · answered by Ryan G 1 · 0⤊ 0⤋