Renting may be the right choice until you get your finances under control. Credit scores tell the lender you probably will not or will not be able to pay back the loan as promised. Here is the big secret, the underwriting guidelines actually protect you more than they do the lender, so donâ€™t try to find a way to get around the very rules that protect you. Any lender that would make a loan to someone that is already struggling should be chastised by everyone!!
There is nothing wrong with renting while working on your financial position. Contrary to what you read, paying rent is not wasting money, it provides you a place to live while preparing to buy if that is your goal.
I have linked to some important information on credit repair, I hope it keeps you from harm, good luck,