Please tell me how I can get my credit right. I made some errors over the years. I am interested in purchasing a house to be my family home.,.

Asked by Marion And Dana Few, Thomson, GA Fri Jul 22, 2011

Can you give the best advice? This is very important to me.......

Help the community by answering this question:

+ web reference
Web reference:


Lisa Newman, Agent, Hampton, NH
Sat Jul 23, 2011
Hi Marion & Dana, All good answers thus far, I would add one more thing. Some lenders sign up for and use a program that will analyize your credit and provide you with very specific solutions on how to bring your score up. Some of these solultions may not seem logical (credit scoring is not always logical) but it works. One example would be if you have a credit card you haven't used in awhile but is still active, charge something on minor - like gas. Then pay it off immediately. do this for a couple months. Because the card is old, you are showing positive payment history over the long term and credit scoring companies love this.

Because the way our scores are figured out are truly not always logical, ask any of the mortgage brokers that you have contacted if they indeed have a program that can show you what you can do and with those changes what your new credit score could potentially be. It has allowed a number of my clients to buy when they thought they could not and allowed others better rates because they got their scores up enough to qualify for better rates. Good luck
0 votes
Solomon Gree…, Agent, Duluth, GA
Sat Jul 23, 2011
You have taken a big first step by asking the question, so congratulations on that.

You should start by meeting with a housing counseling agency, attend their six-hour home buying class and then meet with them one-on-one to understand your specific situation. Two HUD-certified agencies claim to serve McDuffie County, CSRA EOA at (706) 722-0493 and HomeFirst at (706) 823-5809. They'll provide insight into where your credit is, where your credit will need to be and provide a road map to get you there along with an accompanying timeline.

You should not be paying more than $30 or so. If you find that their fees are much higher than that, contact the National Foundation for Credit Counseling at and find other HUD-certified Affordable Housing Counselors nearby.

Hope that helps and good luck.

Solomon Greene
REALTOR® / HUD-certified Affordable Housing Counselor - Keller Williams Realty Atlanta Partners
0 votes
Rodney Mason, Mortgage Broker Or Lender, Atlanta, GA
Sat Jul 23, 2011
It really all depends on exactly what the "errors" that you have made in the past. If there is a previous foreclosure, then you must wait at least 36 months from the date of foreclosure. For a Chapter 7 Bankruptcy, you must wait at least 24 months from the Discharge date. With a Chapter 13, you have to had made payments for at least 12 months and have permission from the court.

One of the main aspects will be, what is your current credit score. Until you get Pre-Qualified, you will not know exactly where you stand.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia

Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePath® |
HomePath® Renovation | VA | USDA | GA Dream
Web Reference:
0 votes
Shane Milne, Mortgage Broker Or Lender, South Jordan, UT
Sat Jul 23, 2011
Step #1 - get all 3 (Experian, TransUnion & Equifax) credit reports from

Step #2 - get your credit scores from (you can get Equifax & TransUnion, Experian no longer allows consumers to get the Experian FICO score)

Step #3 - start approaching loan officers regarding if they would be willing to review your credit reports and let you know what needs to be done in order for you to qualify given where current scores are (you should talk to at least 3 loan officer, even if you really liked the first one you spoke to).

Step #4 - execute the plan to get your credit into shape to qualify
0 votes
Margaret Has…, Agent, Tampa, FL
Fri Jul 22, 2011
Talk to a mortgage lender. They can tell you what you need to do to purchase a house. It depends on many factors having to do with income, debt and credit worthiness. A lender will be able to give you the best advice.
0 votes
Darrell Hess, Agent, Asheville, NC
Fri Jul 22, 2011
I guess it depends how wrong your credit is. When you say errors are you referring to purchases you made or items that got repossessed. Home foreclosed on or bankruptcy? None of this really matters in this financial market we are in. Lenders follow strict guidelines put in place by the secondary mortgage buying market. If they can't sell the loan they don't make the loan.

My best advice for you would be for you to contact one of my lenders I work with and have them look at your credit. Let them see what you could qualify for or what you need to do in order to qualify for some set amount.

My other advice is to pay down revolving credit card dept, lower the amount of monthly payments you have to come up with, have and keep a job with a paycheck, save for a down payment.
Web Reference:
0 votes
Michael Hamm…, Agent, Suwanee, GA
Fri Jul 22, 2011
There are many good mortgage lenders who regularly post here, Marion. Please choose a couple and call them for advice. If you would rather email me, I will send you a few with whom we have successfully worked recently. Good Luck!

Michael Hammond
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more