How can I get my credit back on track so I can buy a house?
ice38034 asked:
Ok here is my story…I filed chapter 7 bankrupsey last year. My husband left me with a 3mo old special needs baby and between paying for his doctor bills and putting myself through college I was in $15,000 debt and I filed ch 7. Now I am out of college and want to get my credit back on track so I can buy a house in the next few years. I though if I got a credit card from a dept store to show that I can pay them back and establish credit that would work, but I get turned down every time I apply. My bank will not even let me have a debt card. I have a stable job now and I’m looking to settel down and get my life back on track. What steps do I need to take to get my credit back on track? Can anyone give me any advice?
Stacey
Ok here is my story…I filed chapter 7 bankrupsey last year. My husband left me with a 3mo old special needs baby and between paying for his doctor bills and putting myself through college I was in $15,000 debt and I filed ch 7. Now I am out of college and want to get my credit back on track so I can buy a house in the next few years. I though if I got a credit card from a dept store to show that I can pay them back and establish credit that would work, but I get turned down every time I apply. My bank will not even let me have a debt card. I have a stable job now and I’m looking to settel down and get my life back on track. What steps do I need to take to get my credit back on track? Can anyone give me any advice?
Stacey
Tags: Bankrupsey, Doctor Bills, Special Needs
October 5th, 2009 at 11:52 am
There’s nothing credit repair agencies can repair for consumers’ credit reports that they can’t repair themselves FREE!…..
Check this site for credit repair information:
October 8th, 2009 at 11:29 pm
its gonna take a little time. make sure you pay all you bills on time. try and get a secured credit card, maybe 500.00 of your own money to get the card, use it wisely and pay on time evey month. After a while of good credit history, you can stat to try and get more regular cedit. Good luck.
October 9th, 2009 at 7:10 pm
I’m sorry to hear about your troubles and in time it’ll get better. But, in the meantime check out to get some tips on how to rebuild your credit. It gives good points, that I’ve been applying. Also check out
Best of luck to you
October 10th, 2009 at 1:31 am
If your debt-to-income ratio isn’t totally out of wack, find a rent-to-own that you can afford. If you make the notes on time every month for 15-18 months you can refinance and own the house. Being a homeowner will boost your credit rating significantly and you can attain your main goal in the process (homeownership).
If structured properly by the seller, you can even get the tax benefits of homeownership as a tenant/buyer.