I agree with Dan, donâ€™t look back, move forward and re-build credit. EVERY â€œcredit repair expertâ€ that has solicited referrals from me tells the client to dispute everything negative on their credit report including accurate information. That is fraud when it is done in order to obtain financing, period! That is why I do not refer my clients to any credit repair company. It is what it is. Besides, would you trust any professional that tells you to lie about something in order to get a loan? Yeah, yeah, yeah, there is a Federal Law that protects the consumer, I know all about it, personally read it, is not there for the purpose of committing mortgage fraud. You Realtors work hard enough and donâ€™t need the trouble possible from white collar crime. Just making such a referral could put you in the hot seat.
In addition to secured credit cards, some store cards are also easier to obtain. There is no secret when it comes to the credit score matrix for building a good score; most credit report companies offer a service to review a report. The one I use charges less than $100 for two borrowers depending on the number of accounts involved. The best part is they do not suggest doing anything illegal; find a local loan officer that has access to such a program. Fair warning, it isnâ€™t a short cut, just a legit service that offers guidance.