You need to really buckle down and start repairing your credit. Why is your score so low? Do you have recent lates? Do you have collections? Do you have any judgements? Judgements HAVE to be paid in full. If you have collections you need to start paying those off. If you have recent lates than you have to wait 6 months from that late payment before you can buy(check with the lender because some lenders have different guidelines). I have attached a blog entry that I posted awhile back. This has helped so many people increase their scores quickly.
Mindy Lowry, RE/MAX Heritage
Your situation is not as bad as you may think. Some of the answers that people have given on this website are really very poor, and not helpful to you at all. I'm sorry you have not had better advice and counseling by now. Please allow me to be of service.
I offer a full range of Real Estate and Financial services. I can help you raise your credit score, IF this is really necessary to get a loan on a house. But you may want a higher score to get better rates on your next car loan, too. I won't charge you anything for this assistance.
I can also assist you with financial planning so your family will have more money in the future. Would you like to retire wealthy, or with what you have now? Perhaps your family needs some insurance to cover life's pitfalls.
When you get ready to move, or even if you stay where you are temporarily, I can help you save some money on your electric bill. This money can go toward a down payment on a house.
When you tell me to start looking for a house, we will find what your family needs. You may want to rent for a while, as your credit score will not come up overight. I can find you a home to lease, or to purchase, whichever comes first.
The bottom line is you need some good professional advice, and then you need to take charge of your future. Don't cry over your credit score; do something about it!
Contact me for a consultation, and we'll get started. Your future starts today!!
---The Michael Group
IGNITE ...we light up the world...
Century 21 Mike Bowman
Serving Tarrant County
Bart Gabe - Lending Nationwide Since 1987
800 315 8803
Sr. Mortgage Banker
NMLS # 659743
Keller Williams Realty
3xUS Army Veteran/ Real Estate Consultant
Hard question to answer unless we know the issues you have. Some bad credit just takes time to correct. It's like a cut on your finger. It probably took half a second to get that cut but the healing process can take days or weeks. Credit is the same way. You can tank your credit very fast with a few late payments here and there or worse. Even when you start making payments on time again your credit could take along time to get to where it once was.
Also your credit score is a very complex number. Unless you fully understand what goes into generating the number you will be stuck at the mercy of anything that happens. You should try to find a lender who will take the time to educate you in the process because understanding your credit is the first step to improving it.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
Here is a free ebook about credit. I hope it helps
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
Try Danny Akbar, 972-242-1212, firstname.lastname@example.org. He can do loans with the lower credit scores. When you are ready to look for a home I will be glad to help you out.
Dave Buske, RE/MAX Associates 1
Your home choices will be so slim and often risky, that is just too much problem to mess with.
Stay on the straight and narrow. Pay off all bills on time or early, reduce debt, take care of any negatives. That's the easiest way to improve scores.
Get with a great lender who can take a look at your specific credit report and give you advice on what to do specifically that can make a difference.
In most issues your scores COULD be raised within 60 - 90 days
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor