You can rent with that score at most real estate companies but some require no problems on your credit with the heating company. Let me know if you would like the number to some lenders.
We have homes for sale or for rent.
Good Luck, Denise, Century 21
VA loans (for the military) is only 600. CALL me for more information or for a list of bank foreclosures at 860 917 0778 cell. Denise, Century 21 American Prop., Jacksonville, NC
It is unlikely you could be approved for mortgage financing with that credit score at this time.
Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.
Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website http://www.consumer-action.org/.
Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/microsites/moneymatters/dealing-w
The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.
The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.
Mortgage companies; like realtors, are not all created equal. When seeking assistance, find a professional that is qualified to assist you in your unique circumstances.
My name is Keith Lawrence of Century 21 American Properties. Please give me a call at 910-915-5661 if you require further assistance.
When dealing with collections, you have to look at motivation of the collection company. They want their money, and will continue to update the collection on a credit report every month. Once the collection is paid, the stop updating the account on your report. They will also lose interest in answering disputes, because they got what they wanted.
Deal with your collections one way or another, this will give you the best positive effect to your credit for the long haul..
While one can ruin a credit score overnight by simply being 30 days late it typically takes 3-6 months to repair derogatory credit profiles and the best way to do so is to simply have open and active tradlines that report all your on time payments to the Bureaus each month.
Have your loan officer review the other 5 things to see what they recommend doing about them.