Why not just get a credit card for it. There are many providers now and should give you the money you need. My profile under credit has more information.
Wednesday, May 26, 2010
636 credit score can you get a house?
You will have to look into a sub-prime lender that specializes in people that have not so good credit scores. You will have to have a down payment and the interest rate will be high, but it is possible. Go to https://www.longbeachmortgage.com/bfo/lo... and then click on %26quot;Wholesale Core Ratesheet%26quot; this will give you an idea of the terms of the loan that you can get. LBC is a sub-prime lender that was recently aquired by Washington Mutual. You can also go to wamu.com and look up steps to buying a house. They have some good basic info on there, too.
636 credit score can you get a house?
Yes, with a 636 you would have some options on obtaining a mortgage.
assuming you have a job, down payment (some cases you can go 100% financing), ect.. If you have any questions, you can email me.
636 credit score can you get a house?
Yes, but you will not qualify for prime rates (the lowest interest rates).
636 credit score can you get a house?
I did.
636 credit score can you get a house?
That barely qualifies to you to rent an apartment in some areas. I would suggest you stop using your credit cards, pay them down so that your credit cards are at no more than 25% of their credit limit, then check your credit report again.
Some substandard creditors are incredibly diligent about reporting your credit use, especially when it%26#039;s unfavorable, while some mainstream lenders sometimes fail to report information or only do it periodically. Substandard creditors may not be as diligent at reporting good credit information. It is essential you review your credit report for accuracy. If any information in incorrect you have the right to challenge it with the credit bureau. That can considerably improve your score.
636 credit score can you get a house?
Hey, the basher has a low credit score and bad hair.
What credit score is required to get a Discover card?
It definitely depends on the card you are applying for. Off the top of my head, I would say that any score over 650 would land you the card.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
When you%26#039;re trying to build a solid credit score it%26#039;s important to get a comprehensive view of what is actually effecting it...
Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:
35% - Payment History
30% - Credit to Debt Ratio
15% - Credit History
10% - New Credit
10% - Credit Types in Use
I raised mine to well over 700 points from 500 using these steps in less than a year -- :
# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score tracking listed below. It really helped my get my score up.)
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you
Read more here from my blog :
10-Ways to Boost Your MyFico Score
http://millionster.com/articles/debt/inc...
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
girl i cant help you there but if you find a way, please let me know! :)
you could try getting a secured credit card, making payments on time to raise your score. apply for a credit card, use it once to make a small purchase, then cut it up and throw it out, but dont close the account. it will show as active and current and help your score. just dont have too many revolving lines of credit.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
pay your bills!!!!!
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
There is NO WAY you are going to be able to raise your score 115 points in three months. Three years, possible.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
I doubt it will happen in three months, but I can give you the best ways to get that score up.
If you have a friend or family member with good credit and a credit card, ask them to add you on as an authorized user. You don %26#039;t need to use the card, ever, or even have a card, but what happens is thier info gets reported onto your history. This really works and really helps.
Ask for utility companies to report your history, then pay on time.
Get a secured Visa and use it.
If you are planning on making a purtchase, use someplace that will rent-to-own. Very important, but you need to pay it fast so you don%26#039;t end up paying outrageous charges. That will add to your good credit.
You can dispute all of your bad credit. Sometimes it will get removed, sometimes it won%26#039;t, but if one person doesn%26#039;t verify the debt, it has to be removed.
Patience and persistance. Monitor your credit continously and start paying your bills on time, every time. At the very least, bad debt gets removed in 7 years, expect in the case of bankruptcy or judgements.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
Three months is a little too short...but you%26#039;re on the right track! Learning how to clean and repair your credit by yourself. There is a site that can help you www.thecreditrepairmanual.com
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
It depends on why the score is so low in the first place. If there is a bankruptcy or lots of accounts in collections it will be very tough for you to raise it that quickly. I like what someone else suggested...getting someone (or two or three people) with good credit to add you as an authorized user. That could really help.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
It depends on why it is bad. If there are errors that can be corrected, it is possible.
Going the %26quot;authorized user%26quot; route is fraud if it is done for loan purposes, and many lenders no longer allow it. It is easy for them to deduct for the points that you get.
You need professional help which will cost you money.
If your score is low because you didn%26#039;t pay bills on time recently and don%26#039;t have much positive open credit, it isn%26#039;t going to happen in 3 months.
Contact a %26quot;credit repair%26quot; company and be careful. Many are scams, a few are legit with legal methods to get SOME negative credit removed. It is crucial to know WHY your score is so low.
If you have mortgage lates within the last 12 months, those can be the kiss of death if you want a home loan.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
no...100+ points will take about a year or so...not 3 months
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
Kudos and thank you to Amanda and the other helpful respondants.
Whatever is happening in 3 months is not the end of the journey. Even if you don%26#039;t increase your score 100 points in that time, you will have made progress.
My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?
Make sure you pay your bills on time each month.
If you have credit card debt do the following:
1. If you get credit card offers in the mail, collect a few. Then call your credit card companies and ask them to lower the rate. Tell them you%26#039;ll take your business elsewhere. Talk to a supervisor if you need to. This will help you pay the cards off quicker.
Don%26#039;t use the offers though. This is %26quot;new%26quot; credit and could temporarily hurt your score.
2. Make sure your credit card debt is below 50% of your credit limit for each card, because that hurts your credit score. If that means paying more on one card than the other to get the balance down, then do it.
If you have any overdue medical bills, make sure to talk to the doctor/hospital and work with them. Make sure you understand what you owe also. Many times the bills may be overpriced or miscoded and you don%26#039;t truly owe as much as you thought.
I can%26#039;t speak to your timing of 3 months, but these are steps to get you in the right direction.
If you are trying to raise your score to make a big purchase, you may want to rethink your decision as well. I think that it would be better to spend time working on paying debt down, saving money and making better financial decisions. Once you%26#039;ve done that you will be ready mentally and %26quot;technically%26quot; with your score.
Best wishes:)
4xrules
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
i am very new to this it would be my first home could you also tell me what documentation i would need thanks
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
Don%26#039;t use that link. I am sick of people sending their scam and pyramid scheme links.
Yes, you should be able to get a loan. I am not sure about a no-doc. Go to reputable loan sites like LendingTree.com or even banks like Wachovia.com or BankofAmerica.com
Your credit is considered %26quot;fair%26quot; and probably just on the edge of being ok for most loans.
You will not get a loan without a social security number,and if you did it wouldn%26#039;t do you any good on your credit. Be VERY careful.
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
Hi friend getting home loan is very easy now a days with bad credit.. Approach any bank or private money lenders.In mean while just take a look at the link below to get free loan quote,
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
First off, this is a really awful market to try to get home loans due to the sub-prime lending shakedown, so probably not, and I%26#039;ll tell you why -
Your credit is decent, but it%26#039;s not great - lenders are going to want more from you, and it doesn%26#039;t sound like you have what they%26#039;re going to ask for.
You%26#039;ve only got 10%, and most lenders want 20% right now.
You want to do a no-doc loan, but your score probably isn%26#039;t high enough to do a stated income loan. This also means you%26#039;re probably self-employed at the moment, which will make lenders even more wary.
On the PLUS side, you%26#039;re a first-time home buyer, which means you should be eligible for FHA loans, which are easier to qualify for (as long as Freddie mac is solvent at the moment). Or, if you%26#039;re current or ex-military, you%26#039;ve got the option to take out a VA loan, which would be even more favorable.
Since you have some money to put down, you%26#039;ve got the option of approaching banks about buying a house from them which has been foreclosed on previously, which might be your best bet. Or, and I know this isn%26#039;t easy, set your sights lower on the base price of your first house in order to stretch your down payment.
Or, you can always find a house lease-to-own, but you should work with an attorney to make sure you don%26#039;t get hosed.
Is there anyone who will co-sign with you who has better credit?
It will probably be at least a couple years until it becomes a better market for subprime buyers again. If you can%26#039;t get in now, work on your credit and put some more money away for a down payment.
Best wishes!
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
Your credit score is okay to good, not great. You will need to document your current income with monthly pay stubs and with at least one, probably two years of your tax returns.
Because of the current problems in the home mortgage industry, they would prefer at least 20% down payment to get you the best interest rate based on your credit score. You may also have to pay for mortgage insurance which protects the lender if you should default on the loan. That insurance only applies if you put down less than 10%.
If you have a job history shorter than one year, the lender may require a letter from your employer that you are llikely to continue at your current job or will be raised in pay on some regular basis.
The lenders have recently been burned by a lot of home owners defaulting on their loans. This occured mostly because lenders were willing to make loans to people that were purchasing above their means anticipating pay raises several years in the future that didn%26#039;t happen.
Remember to shop around for your home loan. %26quot;Lending Tree.com%26quot; is a pretty good place to start as you get bids from several different lending institution seeking your business.
Good luck.
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
My question would be this, Why is your score at 636 and what can be done to raise it? There is many things you can do yourself to get your score up over the next 30-60 at no cost to you. DO NOT follow these scams of people saying you can do private lending, you should be working with a trust worthy person, with so many people putting clients in the wrong loans I would suggest you do the best you can to fix your credit, Maybe if you fix it and get the score UP you can qualify for a 100% financing and keep your 17K for emergencies. I have the letters and can give you some advice, feel free to email me if you choose
636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?
Well, for a 90% no doc loan you%26#039;d need about a 660-680 score right now, minimum. Obviously you%26#039;re not quite high enough, you can always look at a copy of your credit report and see if there are any legitimate disputes you can file to raise your score another 40 points or so.
If you%26#039;re able to do that then you just need a photo i.d for a no doc loan. There are loans out there for people without a social security number (using an Individual Taxpayer Identification Number, or something similar), but those loans don%26#039;t offer no doc options right now.
Typical documentation for full doc loans (best rate/term loans)
2 years w-2%26#039;s or tax returns with all schedules
1 months paystubs or YTD profit and loss for Self Employed.
2 months bank statements
Awards letters for any pension retirement earnings
What credit score is needed to buy a house?
You can buy a house with a credit score of zero. What you must be asking is, what score do you need to get a good loan rate.
I%26#039;d say about 750, and you%26#039;ll have to pay off any car loans or credit card debt too.
What credit score is needed to buy a house?
Higher the better. Talk to loan officer or your bank or credit union.
What credit score is needed to buy a house?
Depends on who you finance through. Even people with bad or no credit can buy a house, through a land contract.
What credit score is needed to buy a house?
although it is true that you can get loan for no credit, it is not a smart move at all. Think 650 as a bare minimum for a reasonable rate for buying a house. Around 680 you can get %26quot;ok%26quot; rate, and above 700, you will be able to get %26quot;good%26quot; to %26quot;great%26quot; rates. Higher the better, but if you don%26#039;t have a good credit rating, expect to get a high rate or wait for another year try to improve your credit score. The latter is a smarter choice usually.
My credit score/ history?
my report only shows one thing, and thats a $154 dollar collection to a phone company... is this why i cant get a sstudent loan? after this is paid can i then apply without a co signer (b.c i dont have one)?
My credit score/ history?
if you dont have a credit history you%26#039;ll need a cosigner for a student loan -- usually your parents
My credit score/ history?
You will need to pay it and then make sure it is reported to the bureau. After it is cleared, you should be able to get a loan, though you may still need to shop around for a lender.
My credit score/ history?
It%26#039;s not as simple as just paying the bill. Normally that would still leave a bad mark on your credit history, because the old collection would remain on your report. However, I have heard that it%26#039;s possible to negotiate with the bill collector and get the item removed in exchange for paying the bill. Make sure you do that before sending them money.
My credit score/ history?
thats highly possible but you should go ahead and pay that balance and have them report that as paid in full and if possible get a receipt and reapply for student loan and show proof that it was paid
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