How long will it take for me to get my bad credit on track so I can buy a house?

After I pay off my debts- what should I do next?

What are the steps I need to take to get approved for a loan for a home???

How long will it take for me to get my bad credit on track so I can buy a house?

First, make sure all the information on your credit report is accurate.

Second, try to pay off all or any accounts that are currently in collections or make payment arrangements with the creditor to pay off the balance monthly.

Third, any credit card that is over 50% of the available credit line should be paid down to under half of your total credit line. Your credit score is lowered when your available balance is over 50% of your total credit line.

Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all of your monthly payments are made on time. This will help increase your credit score. If you cannot be approved for a unsecured credit card, obtain a secured credit card.

Repairing your credit and improving your credit score is a slow process that takes time. Just be patient and follow these steps and you should be on the road to buying a home!

How long will it take for me to get my bad credit on track so I can buy a house?

There are many things that remain on your credit report for 7 or 10 years in the US. Go to ftc,gov and get a copy of your free credit report. This is the federal trade commission website and is a government site. There is plenty of information there to advise of what you need to know. Forget anymore credit cards for now and pay down your debt and increase your savings.

How long will it take for me to get my bad credit on track so I can buy a house?

I am not too familiar with credit scores, but a friend of mine referred me to this site if a ever needed help with credit score. Hope it helps.

http://articles.directorym.com/Credit_Sc...

http://articles.directorym.com/Credit_Re...

How long will it take for me to get my bad credit on track so I can buy a house?

If you are trying to buy a home, the last thing you need to do is get more credit card debt, secured or unsecured. A big part of the home loan approval process is debt to income ratio, so the less debt you have the more attractive you are to a lending company.

You will need a good stable job history, either at the same company or in the same field, 2 years is ideal. If you can put 20% down (which is difficult for most people) then you should do that. Otherwise, you should put at least 5% down, plus closing costs.

Your credit is a big part of it, but mainly just determines your interest rate. You should order a credit report, try freecreditreport.com, you get one free every year. Look over that and make sure everything is accurate. Try to get anything cleared off if possible like outstanding debts or collections.

When you apply for the loan, they will tell you what your credit score is so you will have a good idea as to what type of interest rate you will be required to pay.

How long will it take for me to get my bad credit on track so I can buy a house?

I think you should go to a mortgage or credit specialist. They will run your credit, and he will be able to instruct you onto the right path, so that you are able to get a better deal on your mortgage.

How long will it take for me to get my bad credit on track so I can buy a house?

Let me give you the website address that a lot of my friends have used for their first time home loan. They all got funded easily and if you can't you can ask them what you need to do. That way you get it straight from the source. The URL is

http://www.1-800badcredit.com/buying-a-h...

http://www.1-800BadCredit.com

How long will it take for me to get my bad credit on track so I can buy a house?

Also, you shouldnt make so many inquiries. However, it is good to already have some credit and a good payment history. If you have a car loan and one credit card and no late payments for at least 12 months, this should help your score. In regards to the mortgage, money talks. Try saving up for a down payment. If you qualify for 100% and no downpayment, then the money saved could be used towards closing costs or to buy down interest rate.