Credit Score in 32082>Question Details

Nymets010, Home Buyer in 32082

How can i fix my credit fast? I am trying to buy a home and need to raise it ny 70 pts.

Asked by Nymets010, 32082 Sat Jun 4, 2011

Help the community by answering this question:

Answers

5
What is your loan officer suggesting...you can dispute any negatives, pay down debt, pay off old debt, keep credit cards below 50%, pay all bills on time, reduce your debt to income ratio, etc.
1 vote Thank Flag Link Sat Jun 4, 2011
Your Credit May Not Be As Bad As You Think,

By Stephen Webber Retired After 34 Years of Real Estate For First Time Home Buyers

Most importantly don’t do anything until your loan officer looks it over with you. So many times people do what would seem like a good idea; pay off a past due or pay off a credit card and close the account to later discover they actually lowered their rating.

Loan officers work with credit continually and many times can suggest a notification or two and presto the rating is up. Maybe there is a late pay that didn’t happen or maybe should have fallen of the report months earlier.

They have a very strong incentive. They can’t make a loan unless the credit is acceptable so the experienced loan officers know their stuff.



An article that will serve you well is '#13 Consultation Interviewing Loan Officers' at Your Road Home.com. Also article #5 Your Credit and Financing Your Home.

Choose your loan officer before you allow anyone to fix or monitor your credit. Your loan type will dictate the required rating. Once you know exactly what needs to happen you can direct the requirements, establish a time line and plan your next step.

The shortest path to owning your home.

Most importantly;
Don’t let anything or anyone deter you from your goal of owning your home.

Best of Luck, Stephen Webber Retired After 34 Years of Real Estate For First Time Home Buyers
Web Reference: http://Your-Road-Home.com
0 votes Thank Flag Link Thu Jun 27, 2013
Not knowing what is causing your credit to be lower that your desired rating. If you have balances on credit cards that have balances over 50% of the credit limit, you could pay the balances down so that they are 30% or less, then supply that information to your loan officer and ask him/her to submit the documentation for a rapid re-score.

If you have negative, obsolete or inaccurate information and need credit restoration, I recommend visiting the website below for more information. I have referred clients to the service for better than a decade and they do a great job.
Web Reference: http://www.yourdebt.org
0 votes Thank Flag Link Mon Jun 6, 2011
I may be able to help you. Need to see your credit report to evaluate. Can recommend a reputable credit restoration company that can give you an initial assessment for free. Call or email me.

Jose Morales
Florida Mortgage Coach
“We Coach You Through the Mortgage Process”
561-432-9237
info@floridamortgagecoach.com
0 votes Thank Flag Link Sat Jun 4, 2011
Ask your loan officer or agent to connect you with a professional credit repair rep. Sometimes, paying off and closing a debt or making a payment on an old account does more harm than good. Many lenders have a point of contact that they can share with you at no or little cost that can help you out in a short amount of time.
0 votes Thank Flag Link Sat Jun 4, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer