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how can i get a place with poor cerdit

  • August 16 2013 - Springfield
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Answers (5)

Step 1, get a copy of your credit report (this can be done for free at www.freecreditreport.com or any of the 3 repositories www.equifax.com, www. Experian.com or www.transunion.com.

Step 2, confirm all the credit data is accurate. If not, you can legally dispute it for free by asking the big 3 above to verify the data (there is a link on each website to request this)

Step 3, if there is nothing to dispute and you want to purchase now, the minimum score is 620 with conventional lenders. This is a relatively low score and can be used on FHA loans.

Finally, low scores usually mean more money down, so spending some time to research the report and rebuild it is a wise investment.
  • August 19 2013
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Hi,
Best try to repair your credit,update all your payments. If you really need to move, get a letter from landlord you update on rental payment,show paystub,all bills has been paid, bank statement will help!

Good Luck
  • August 19 2013
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Work on rebuilding your credit and a saving your down payment. It may take you a little longer to get into a home, but it will be worth all the extra effort. I would suggest working with a lender during the entire credit building process. They should be able to guide you along the way so that you stay on track with doing the things that will positively affect your credit scores. Good luck to you!
  • August 19 2013
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I would first recommend to spend some time to build your credit back up. The most effective way to fixing your credit score is to pay your revolving credit card balance. If you've had a collection on your credit there isn't much that can be done in the short run. It is best to pay back any collections as soon as possible. So as time goes on the collection will become more insignificant to your credit score and will help it return to a better score. You should check your most recent score and start talking to lenders to see what kind of rates you can get. It doesn't hurt to shop around to see what you can get so go for it!

I hope this helps and good luck!
  • August 19 2013
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Hi,
The first and actually best thing you can do is try and get your credit cleaned up. In many cases it might only take a few months if you are willing to work with someone.
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  • August 16 2013
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