I have just begun to work with a lender to try and purchase a home my credit score is 41 pionts off
I have just begun to work with a lender to try and purchase a home my credit score is 41 pionts off the recommended amount to qualify for a loan. I was told by the lender to get three secured cards to boost my credit up those few points so that I can be approved faster. I already have two regular credit cards and one other regular account reporting as good credit. I could afford to do this if I need to but I don't want it to effect me in any way. My question is how many secured cards should a person get before it reflects as bad on your credit repor, did the lender tell me right or wrong.
The fastest way is to pay off the credit cards to fifty percent utilization or less.
Hi there -
Hopefully you still need this advice. First of all, what type of negative reporting is showing up on your credit?
If you have past due payments (30-60-90 days) your best bet is to contact the debt collector directly and see if you can work something out like a "Promise to Pay" in exchange for the deletion of the negative reporting on your credit. If you opt to do this, make SURE you have a letter from them stating that they will do this. This takes care of about 60% of negative reports.
The other ones you may be able to challenge the validity of them through federal laws (make they prove through original account statements and signatures that you actually owned the account). Even if you DID open the account, the key here is having them PROVE it. If they cannot prove this then they have to remove the reporting which can take 30-60 days depending on the agencies they report to (Experian, Equifax, TransUnion).
Hope that helps!
There are a lot of ways to start rebuilding your credit. The best is to start paying back past debts. Once they are paid, start opening new lines of credit and only use them to 50% of the total credit limit available. Keep a consistent balance and payment schedule ase well.
I have just begun to work with a lender to try and purchase a home my credit score is 41 pionts off
Im Mrs.Deborah Ray from Atlanta.i know how it feels like to be in stress.I needed a loan badly as a single parents when i lost my husband in an auto crash.I needed this money for the Purpose of business.i could not find anyone,not until a friend directed me to UK NATION loans.i was granted 55,000 Pounds without stress.since then i have promised to advertise for them.If you are in need of urgent finance get to them on ukloanslimited@live.com here is their number +4470359 03933
by gmunoz72 10 years ago
Is there a lender or lenders who can assist a disabled borrower with terrible credit secure a loanI am trying to consolidate my financial obligation on my own. If anyone can help or refer me to someone who will help, I thank you greatly. I can afford a monthly payment of 450 dollars.
by tanakasan 13 years ago
Should you be mad at your significant other for lying about their credit score?Lets say you want to buy a house together; they say their score is 720, but when you ask for proof, their credit report reads 509.
by Chupp22 13 years ago
Does any one know a site I can visit to check my credit score for free?
by JaneKnowsbest 12 years ago
Why is a credit score a factor in things such as price for auto insurance or employment?
by ga anderson 19 months ago
"Borrowers With High Credit Scores Penalized Under New Federal Mortgage Fee Plan" Reason.com"Under the new rules, high-credit buyers with scores ranging from 680 to above 780 will see a spike in their mortgage costs – with applicants who place 15% to 20% down payment experiencing the...
by Uneducated opinio 12 years ago
Try and refrain from using a credit card for any purchases that are not a necessity. Things want should he paid in full to avoid getting stuck in ungodly amounts of debts. I learned this lesson a little late but I did learn it ha. Try to be smart with your money. Also try to look for coupons online...
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |