You spend the 10, 12, 14, 24 months needed to develop the financial discipline to qualify for a home loan.
Failure to do so portends failure to pay the required mortgage.
Your time needs to be spent:
1. reducing your debt
2. paying all bills on time, preferably early.
3. living beneath your means
4. saving money
5. increasing income
6. removing or mitigating the bad credit history entries.
The problem with the six step plan is spelled TEMPTATION.
To often, a person with bad credit falls into temptation thinking there is a short cut. the end result is they maintain the poor credit rating. Please do not let temptation remove you from the umbrella of protection that is there for your benefit.
Now, how much do you really want to buy a home?
Consult with a REALTOR or lender to help you set up a workable budget and establish the pathway to home ownership.
Poor credit was not created overnight and will take some time to fix. The result of success, you will discover, will save you a ton of money. It is an ironic reality, those less able to pay, always pay more.
Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor FL
More about CIS Score: http://bit.ly/1uHGE3K