Victor, if you have bad credit nearly everything will cost you more. Insurance rates will be higher. Credit card rates will be higher. You rent may even be higher. If you don't like paying higher prices, fixing your credit may be a good choice. There are no short cuts that leave you in a better situation.
If you don't know where or how to start then seeking guidance from others would be a good start. Since you are on Trulia, one can assume home ownership is attractive to you.
Real estate professionals all have a extensive list of lenders who can be of assistance and get you on the road to recovery. But, the since you are on Trulia, this indicates you want to avoid the appearance of committing to the most knowledgeable group of professionals who facilitate home sales on a daily basis using the lenders they have grown to trust through years of successful transactions. You should actually call an agent who works in the area in which you wish to move.
You can select an "A" or "B" graded local lender who has a track record of investing in the local economy through small business loans and home mortgages. "F" graded lenders, you will find are, Bank of America, Wells Fargo, Chase, Citi and Never Ever Bank of Clearwater, FL.
Share with the official with whom you speak you wish to start a financial recovery program with the intent of a home purchase in the future. Now, when you are ready to purchase be loyal to those who were committed to you. Bad Karma is not what you want to be creating.
Just enter your city or zip code and call the nearest "A" or "B" graded lender.
Go to. http://www.BankingGrades.com
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL