Credit Repair

What are the ways in which one could repair their credit score, so that they may buy their first home?

I have had a lot of stupid things which have ruined my credit, mostly medical bills, and I know my credit is really pretty horrible. I have a family, and I have the money to put down get into my first home. To Whom and where could I go to actually go about buying my first home, and would I need to repair my credit beforehand? How would I go about doing that? Do a lot of places sell first homes and take a deposit only to those with bad credit situations?

Public Comments

1. Just contact a mortgage broker and explain the situation. It's their job to get you the best deal.
2. It says on National News that people can get a home easier , so you should be able to go somewhere to get a home. If you are serious about this there is ssomeone that can help you. I bought my home and I had some doctor bills and other bad points on my credit report. If it is only small amounts . Go ahead and knock them off pay them. Now is the time to buy your home only_____________ if you can afford it. Even with a down payment. Times are hard so be careful.
3. You'd need to get your credit score up before you could get a mortgage, by paying what you owe and keeping current on bills for a year or two at least.
4. If u wana earn money online working from home then u can joint the online money making programs listed here http://gfjmdf.notlong.com work part time n with time your income will be more than full time
5. Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - freecreditreport.hotusa.org
6. There is no quick fix to a bad credit score; however, you may be able to get it improved. Order your credit report and go through it with a fine-tooth comb. Make sure the report is accurate. See if there are any negative notices that you may be able to negotiate off the report. If your credit is REALLY bad, consider the services of a credit repair company. For most problems, however, time is the only cure. There are loan companies that specialize in loaning to people with bad credit. However, you can expect to pay higher interest and points to get that loan. If you are trying to get into a house while prices are low, consider taking whatever loan you can get, work diligently to clean up your credit, then plan on refinancing in a couple years for better terms.
7. Get copies of all three of your credit reports, and shell out the extra to include your credit score. Go over each report and make sure your records match the data on your credit report. The accounts that are paid off are paid off, the accounts that are closed are closed, etc. Then go about paying off any outstanding debt you may have. This will go along way in not only repairing your credit, but will also increase your credit score, which is the number most lending companies base your loan on. As for a down payment on a house... no matter how bad your credit, EVERYONE wants a down payment. It makes you more creditable with lenders, and in turn, it also makes an impact on your monthly mortgage payment. The more you can afford to put down, the better off you are. Also, a good resource is... http://debt.knowledged.info/credit_card.html Hope it all works out