Zillow Advice: Buying Process - Cannot get approved for a home loan http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ Zillow Advice | Zillow Real Estate Most people on this question ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ Most people on this question are ignorant to credit laws. Visit [Removed by Zillow Moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.] for factual and legal information. Or you may call [Removed by Zillow Moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.] and ask to speak to Jami. She can get you on the right road to home ownership. Good luck, Dan Fri, 20 Jun 2014 16:54:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2014-06-20T16:54:00Z The gentleman states, "legitimate ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ The gentleman states, "legitimate non-profit credit help is ok", yet the irony is that lenders frown upon loan applicant's when the consumers' credi report&nbsp;indicates that the consumer enrolled in a "debt management - hardship plan" offered by "non-profit" credit counselors. Additionally, the work that legitimate, state-registered and bonded Credit Services Organizations do is essentially "credit consulting". Therefore the consumer gets well-rounded education and benefits from total&nbsp;anonymity.<br/> Wed, 24 Jul 2013 17:35:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T17:35:00Z I'll just cut to the chase ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ I'll just cut to the chase here. I can't speak for all lenders, but we, and probably others, will deny the loan application if a client has utilized one of those "credit fixit" places. (legitimate non-profit credit help is ok). Wed, 24 Jul 2013 16:46:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T16:46:00Z "&nbsp;In closing, such a ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ "&nbsp;In closing, such a rash attack on my profession as unethical and illegal"<br/>----<br/>Was there a reading comprehension chapter in the hour class you took to become MrFixCredit? No one said your profession was unethical or illegal.&nbsp;<br/><br/>"&nbsp;Libelous attacks by other "professionals" also&nbsp;violate the bylaws of this forum. &nbsp;"<br/>-----------<br/>I see no libel here.&nbsp; Wed, 24 Jul 2013 09:45:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T09:45:00Z On Youtube videos, there ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ On Youtube videos, there are numerous things that the average consumer can learn to do, such as plumbing, electrical, writing a will, even representing one's self in pro per in lieu of a lawyer in a court of law. But, consumers also have a choice to rely on professional services. In closing, such a rash attack on my profession as unethical and illegal&nbsp;is no different than if you were to label all mortgage lenders on the same category as usurious, predatory lenders and their plethora of consumer abuses during the mortgage lending crisis. &nbsp;Libelous attacks by other "professionals" also&nbsp;violate the bylaws of this forum. &nbsp;<br/> Wed, 24 Jul 2013 07:55:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T07:55:00Z There is definitely a way ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ There is definitely a way out despite the fact that u get turned down because of the rigid guidelines of banks for lending!<br/>Your only way out right now is as you mentioned owner financing/seller financing and it is not the most conventional way to buy and sell but it is a great ART that not many master and know the ins and outs for.<br/><em>[self promotion and website deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]</em> Wed, 24 Jul 2013 07:28:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T07:28:00Z Have you ever tried going ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ Have you ever tried going on Credit Karma it's a free website that lets you see your score and due credit simulators that will advise you what will improve your score and give you a blueprint to what steps will get you where you need to be Wed, 24 Jul 2013 07:19:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T07:19:00Z "In closing - no bank or ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ "<ul class="signature-list"><li style="margin: 0px; padding: 0px; font-size: 1em; list-style-position: outside;" class="first-line clearfix">In closing - no bank or credit reporting agency wants you to know this - but, a legitimate credit repair company can assist you in establishing and rebuilding good credit."</li><li style="margin: 0px; padding: 0px; font-size: 1em; list-style-position: outside;" class="first-line clearfix">--------------</li><li style="margin: 0px; padding: 0px; font-size: 1em; list-style-position: outside;" class="first-line clearfix">and...No legitimate Credit Services Organization wants you to know that there is NOTHING they can do that the average consumer cannot do themselves. NADA!&nbsp;</li></ul><div>Most scam "credit repair companies" &nbsp;just randomly dispute everything and hope for the best. This practice actually works sometimes despite being unethical and illegal. This practice is prohibited so any legitimately registered CSO won't, shouldn't, can't do this and can only dispute actual items that are in dispute. You can do that yourself. You can pay down debt yourself.&nbsp;<br/><br/>If you really want credit repair and you want it to purchase a home. Contact a licensed loan officer in your state. The good ones will work with you to get your score up and do it for free. Just return the favor when you are ready by using their services for the financing.<br/><br/>Sorry to burst your bubble Vic. I see you have been on a "MrFixCredit" posting rampage. Business must be slow ehh?</div> Wed, 24 Jul 2013 07:17:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T07:17:00Z hpvanc&nbsp;advises, "Most ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ <ul class="signature-list"><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix"><a href="http://www.zillow.com/profile/hpvanc/">hpvanc</a>&nbsp;advises, "Most if not all of the paid credit repair companies are scams". However, the key is finding a credit repair company that operates without the proper state licensing requirements. For example, in California, the company must:&nbsp;</li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix"><br/></li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix">(a) be registered with the Dept of Justice as a Credit Services Organization;&nbsp;</li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix"><br/></li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix">(b) meet a $100,000 bonding requirement.&nbsp;</li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix"><br/></li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix">Refer to&nbsp;The Credit Services Act of 1984 (Civ. Code &sect;&sect; 1789.10 et seq.)&nbsp;</li><li style="color: #333333; font-family: Arial, Verdana, sans-serif; font-size: 0.9em !important; line-height: normal; margin: 0px; padding: 0px;" class="first-line clearfix"><br/></li><li style="margin: 0px; padding: 0px;" class="first-line clearfix">Every state literally mirrors the above prerequisites with the exception of requesting a different face value on the bonding requirements. Besides that, all companies should abide by the federal requirements under the CROA (Credit Repair Organizations Act), which essentially is the law mirrored by most independent states. &nbsp;</li><li style="margin: 0px; padding: 0px;" class="first-line clearfix"><br/></li><li style="margin: 0px; padding: 0px;" class="first-line clearfix">In closing - no bank or credit reporting agency wants you to know this - but, a legitimate credit repair company can assist you in establishing and rebuilding good credit.</li></ul> Wed, 24 Jul 2013 07:05:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T07:05:00Z I think you are contacting ... http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ I think you are contacting the wrong lenders. Most if not all of the paid credit repair companies are scams, please take a look at this FTC bulletin: <a rel="nofollow" href="http://www.consumer.ftc.gov/articles/0225-credit-repair-scams">Credit Repair Scams</a>.&nbsp;I'm very concerned that if the lenders you are talking to are pushing you in that direction they aren't any better themselves. Wed, 24 Jul 2013 05:02:00 GMT http://www.zillow.com/advice-thread/Cannot-get-approved-for-a-home-loan/503328/ 2013-07-24T05:02:00Z