How do lenders rate you on credit score and other factors?

fireyone_02 · Joined: 20 Mar 2008 Posts: 281 2.17 Dollars($)

That sounds like a pretty good plan. I see their are starting to be numerous companies popping uo to offer services like these. It is a little scary for a couple reasons. 1. That the world of scammers have become so large that you need a service like this and 2. Making sure you don't hire a bogus company who will use your information wrongly. the credit bureau ones would be less risky.

Guest

We JUST finished our bankruptcy. We have zero debt and pay our bills on time. We have stable jobs and make a decent income. Will we be able to get a good mortgage rate? Will we be accepted for a mortgage? Except for the bankruptcy, we are squeaky clean financially.

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: 1737 36.13 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.

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