Bad Credit House Loan
i have bad credit rating can i still get house loan with my fiancee?
I would NOT consult with any online sources or 1-800 numbers or other people who are trying to scam you out of more money. Only go to reliable or government sponsored sites online. NEVER provide your financial and personal information to a business you don’t know online, even if they say they are trying to help you.
Instead, you and your fiancee should both go to a bank in person and discuss your options. They should be able to refer you to a credible credit counselor. Unfortunately, with the recession, it is harder to get a loan. It might be best for you to both work on building your credit and establishing good credit before pursuing a house loan. On the plus side, this is for your own benefit–if you defaulted on the house loan when your credit is already bad you might be screwed for life.
In the meantime, only use a credit card for small purchases you know you can cover. Pay your bills–utility, credit, car payments, insurance, etc.–in full and ON TIME. Pay off all outstanding credit card bills immediately–that interest is what will keep you down more than anything. And if you aren’t financially able to do that, you need to face a hard question: how are you possibly going to pay a mortgage–plus property taxes, utilities, insurance, and renovations–if you have standing debt?
Best of luck!