WHO DO I CALL TO FIND OUT HOW TO REPAIR MY CREDIT WITHIN 1 & 1/2 YEARs?

Question

I AN RENTING A RENT TO OWN HOUSE NOW THAT IS SELLING FOR $185,000. THE OWNER IS WILLING TO GIVE ME MY FIRST YEARS RENT BACK AS A DOWN PAYMENT($14,100) I CAN COME UP WITH $6000. MY CREDIT IS AS BAD AS BAD CAN BE. WHO CAN I CALL THAT CAN TELL ME WHAT I NEED TO DO IN THIS NEXT YEAR AND A HALF TO REPAIR MY CREDIT ENOUGH TO BUY MY HOUSE?I ONLY HAVE UNTIL APRIL 2009 OR THE $14,100 DEAL GOES AWAY.I HAVE TO DO THIS IN THAT TIME FRAME BECAUSE THERE IS NO WAY THAT I AM MOVEING AGAIN AND I WILL NEVER BE ABLE TO SAVE $20,100 AGAIN. THIS IS AN OPPERTUNITY I HAVE TO TAKE ADVANTAGE OF AND CANT PASS UP. PLEASE HELP ME!!!

Answer 1

First, please stop typing in all caps. It's considered shouting and is hard to read.

Second, you have to make yourself a very strict budget. Eliminate all the extras -- cell phone, premium cable and internet, eating out, new clothes. Then take every penny you can squeeze out of that budget and put it on the highest interest rate debt, while making minimum payments on all your other debt. When the highest is paid off, go to the next till they are all paid off.

You are going to have to find additional income because 1-1/2 years isn't going to give you enough time to clear up all your negatives. Get a second job, garage sale, mowing lawns, collect aluminum cans.

You really need to have a consistent, on time payment history of at least two years to improve your credit score. The ONLY way you are going to qualify for a loan is to settle all those negatives.

I still don't think you can afford this house. Even if you do clean up your credit, you will still have a very high interest rate and a big mortgage payment. You may have to keep that second job just to keep up with the house payments.

Answer 2

I have been to "many" different credit repair sites on the web. Some were pretty good and some were pretty bad. I refuse to use a websitemy rights and using them.Don't pay for information that you can find for free.

Answer 3

I agree that you should not pay large fees to have someone do it for you. I know of a site that charges a very small fee to cover costs but provides you a wealth of information to allow you to fix your credit yourself which should be very satisfying. Good luck.