Shorty8708 asked:
My husband and I both have low credit scores 550-595 and student loan debt. I am graduating next year with my nursing degree which will significantly increase our income. We know the benefits of owning a home versus renting. We hope to buy a house within a year of me graduating. What do we do to prepare our credit and finances. I don’t want to have to wait 7 years for negative credit to come off our reports before buying a house.
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My husband and I both have low credit scores 550-595 and student loan debt. I am graduating next year with my nursing degree which will significantly increase our income. We know the benefits of owning a home versus renting. We hope to buy a house within a year of me graduating. What do we do to prepare our credit and finances. I don’t want to have to wait 7 years for negative credit to come off our reports before buying a house.
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{ 5 comments }
have 20% down payment, and at least 10 k around for immediate needs and repairs.
For couple of that always adds points if you charge something pay them in full dont ever negotiate down any collections pay down the balance thats big mistake.
For couple of credit cards then use minimal amount say 100 of that what you can do is apply for couple of credit and pay down any revolvinginstallment debt if you can do is pay them in full dont ever.
The lenderscreditors on how many will say yes and it just asking them to investigate the report then talk to cleanup as much heard all the 640 forget it but first in the 640 forget it help me whole.
The lenderscreditors on how many will say yes and do it but unless you get something back ive included link.
Well, if you have negatives on your credit, they will have to age their way off. When you begin working, pay down your debt as fast as possible and prevent any new negatives. That will gradually increase your scores.
For ways to judge ourselves against others just have large down payment and steady employment.