Consumer Credit Counseling Company
Trying to buy a house and clean up debt?!?
I have been attempting to start getting ready to buy a house. My credit is good except for one ding on it from a credit card that got out of control due to life situations. From what I have heard, lenders want a credit score of 620…mine is 655. I have attempted to clean up that credit card but I’m running into walls. I have tried Consumer Credit Counseling (which I came off of almost immediately because I couldn’t get a mortgage with that), I’ve tried to work with my credit card company (they don’t want to work with me), and I’ve tried to roll the debt into a loan that I already have (was denied because my car which is the collateral is just not worth as much as I need). Are there any other routes to try? Obviously I want to pay the credit card company but it’s out of control right now and I can’t make it stop. I am feeling like I’m running up against a wall again & again & again.
You should choose and talk with a motgage consultant you intend to use. Pay close attention to interest rate, form of interest (method of calculating), and ability for loan to change in rate or payement schedule.
You would most likely focus on how much you should save up to put down versus how much you can afford to pay each month towards a mortgage escrow account which will also provide insurance and payments towards property taxes.
Once you have established what you can afford, (and yes credit score will help interest rates or loan ammounts, but it is not nearly as important as how much you can pay each month) You should look around for which areas meet your price range and start destinguishing characteristics you want in your home, and community. For instance, privacy, storage space, convenience for laundry, or clothes storage… Practical kitchen design, dishwasher, parking, safety of person, vehicle, and property from crime, or debilitating factors like age or weather.
You might concider proximity to schools that you would allow your children to attend.
There is so much thought that goes into a house.
Don’t get yourself hung up on credit score alone.
You can refinance later with better credit anyways.
If I had the means I would gladly offer you consolodation without interest. (Remember that statement when I do have the means). Perhaps you could find someone with the resources to make a business arrangement that is mutually helpful. There are good people out there that can understand your past struggles and would desire to provide you a way to start over if they simply believed you wanted it and were capable of following through. Easily acheived through attitude and behaviour.
I hope this is helpful.
Credit Repair Fix Video : Consumer Credit Repair
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