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Credit Score in Prescott : Real Estate Advice

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Activity 2
Fri Jun 1, 2012
answered:
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.ftc.gov/bcp/edu/microsites/moneymatters/dealing-w…


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
... more
0 votes 5 answers Share Flag
Mon Aug 22, 2011
Jeffrey Masich answered:
Dear Woman:

Good question.

1. Ask your Realtor for "Seller May Carry" financing homes that are for sale
2. Ask a family member to "co-sign" for you
3. Ask a lender to find out how far away from qualifying you are and work on the areas they recommend
4. Buy a less expensive home
5. Save more cash
6. Ask your Realtor about "Rent to Own" homes or "Lease Option to Purchase" homes.

May I wish you the best.

Jeff Masich
HomeSmart Realty
Scottsdale
... more
0 votes 7 answers Share Flag
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Credit Score in Prescott Zip Codes

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