Do you have any referrals for assisting with credit repair? I want to purchase a house, but I don't think it is possible with my low credit scores.

Asked by Laurian Powell, Berkeley County, WV Thu May 9, 2013

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Michael Abra…, Other Pro, Deerfield, IL
Thu Aug 1, 2013
http://www.creditfirm.net
No Up-Front Fees
Low monthly fee: $39.95/month
100% CROA Compliant
Registered Credit Services Organization
A - BBB Rating (0 complaints)
Founded in 1997

This program includes:
- Personal Credit Consultant
- Custom in Depth Credit Review
- Unlimited Credit Bureau Disputes
- Unlimited Inquiry Disputes
- Unlimited Personal Information Variance Disputes
- Unlimited Good Will Interventions
- Unlimited Escalated Info Requests
- Unlimited Debt Validations
- Unlimited Procedural Compliance Verfification
- Collection Agency Defense Program
Web Reference:  http://www.creditfirm.net
0 votes
, ,
Mon May 13, 2013
Good afternoon Laurian,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

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.consumer.ftc.gov/articles/0058-credit-repair-how-…

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.

Trevor Curran
NMLS #40140

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0 votes
, ,
Fri May 10, 2013
Laurian:

You may want to visit our website for more information and I also have information about hiring a credit restoration firm. Under my blogs.

Christina Solorzano;
CEO & SR Credit & Mortgage Consultant of
Everlasting Credit
Ex-Mortgage Broker of more than 10 years
http://www.everlastingcredit.com
0 votes
Keith Jean-P…, Agent, East Brunswick, NJ
Fri May 10, 2013
The credit repair person I use for all my clients is pretty good. Send me a message if you would like his information.
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