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sara

Hi Dawnrit,

Welcome to forums.

If you have just finished bankruptcy, there's no way you can qualify for a mortgage now. Try to repair your credit for the next few months. If you're considering an FHA loan, you'd have to wait for a period of 1 year at least if you'd like to get a better rate on your mortgage. To know more on FHA loan after bankruptcy, refer to a previous forum discussion.

Take Care

banker0679 · Posted: Tue Sep 09, 2008 5:29 pm Post subject:

It depends on what type of bankruptcy it was.

Chapter 13 you would need to wait 12months from the date of filing.
Chapter 7 is basically 24months from the date of discharge.

There are other things that an Underwriter looks at like your credit score, down payment, job history, etc.

Guest

really good info dude but can u provide some further detail about category C

gmakerley · Posted: Thu Apr 23, 2009 7:20 am Post subject:

what am i missing here as i read these posts?

Guest

but are there any standards which can help us to detect whether online detail is reliable or not?

gmakerley · Posted: Fri Apr 24, 2009 8:33 am Post subject:

i think the best standard is common sense. if someone is promising something that sounds too good to be true, then it probably is. and so on, and so on.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Agree with that

When somethign si too good to be true, double check the details and ask more questions

gmakerley · Posted: Mon Oct 26, 2009 7:02 am Post subject:

i don't think asking more questions is going to work, sunny. the reason i say that is that these companies who are offering these too-good-to-be-true deals will have every answer you ever imagined. they are so slick that they manage to sell their foolishness to highly-educated people as well as the uneducated and gullible.

better to just plain walk away.

maritchell_p · Joined: 20 May 2010 Posts: 2 1.54 Dollars($)

Hi, I want to know if paying on time in our aprtment monthly rent can help build my credit? answer pls

gmakerley · Posted: Mon May 24, 2010 9:40 am Post subject:

As a general rule, rental payments are not incorporated into credit bureau files. There has been lots of discussion about this over the years, but we've not found it to be consistent. Of course, private landlords don't have the time, energy or money to be working with credit agencies and reporting their tenants' performance. If you're in a large apartment complex, you may find this to be a more regular practice, however.

One thing you can be certain about is that the non-payment of rent will surely catch up to those who do it. Landlords are happy to try to recover their losses, usually by way of a lawsuit, and any judgments obtained are regularly picked up by the bureaus.

If you are one of those who lacks credit in general, then a rental reference is always valuable. In fact, even given a good credit record, a reference from a landlord is often desired and obtained by creditors.

speeddater · Joined: 10 Jan 2011 Posts: 8 3.79 Dollars($)

I love that credit info chart! That is more information in one post than I have typically seen on these forums and lays out a clear guide to try to aim for in order to know how you're progressing when it comes to credit repair.

What has been everyone's experience with positives and negatives on credit reports? What ways can you get more postives and less negatives by opening new lines here and there? I've tried some things over the past three years and have just started to talk about some of my trials and errors over at a new blog I started called armchaircreditrepair.blogspot.com. You're welcome to read some of my stories, especially about some of my own personal bouts with defaults, rebuilding with new credit lines and cards, experiences with different lines of credit and banks, and some of the crap that you have to go through just to get your credit right. Everyone is right though, there is no magic bullet per say, but there are some ways to manage your outcome, and that's the key. Half the battle is just having the knowledge and trying to adjust your personal life and experiences to that knowledge in a way that gets you close to where you want to be, despite the mess!

milegon · Joined: 05 Apr 2011 Posts: 2 1.80 Dollars($)

Go to "annualcreditreport.com" you can cheking for free but it doesn't but the only information that they aren't provide is the score, it is the only website free and legal to check your credit.

[Link deactivated as per forum rules. Thanks.]

smithsussane · Posted: Wed May 04, 2011 11:04 pm Post subject:

However, it should be noted that annualcreditreport.com will offer a free credit report only once a year.

adaboy00

Mortgage companies pull a tri-merged or "mortgage credit report" when trying to qualify a mortgage applicant. They will look at the middle score which is the middle score of the three credit reporting agencies - TransUnion,Equifax and Experian. For example, TransUnion reports 800,
Equifax - 780 and Experian 740. Your middle score is 780.
This is the score the lender will use when considering what loan products you will be eligible for. The lower the score, the fewer loan product types you might be eligible for. Your credit score is only one part of assessing your credit risk, however.
Jon

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