Credit Repair
Many homeowners feel powerless and at the mercy of the banks and the credit agencies. They don’t realize there are ways to correct credit, and even have derogatory entries removed completely.
If you are struggling to keep your home, you are probably also struggling to save your credit. Keep in mind that credit is something that can sometimes be negotiated, and it can also be repaired!
I am listing credit challenges in the order of severity and how it may affect your ability to purchase a home in the future.
- Missed mortgage payments - to be approved for a traditional mortgage, you cannot have any late payments for 12 months.
- Short sale (how long it is reported depends on how the bank lists the sale, can usually purchase a home in 2 years)
- Foreclosure (reported for 7 years, can purchase a home in 5 years)
- Bankruptcy (reported for 7 or 10 years, depending on what type)
You are not powerless! You can get help repairing your credit! I am now affiliated with a 15-year old company that repairs credit for $500 - including foreclosures, bankruptcies, collections, and the like.
Visit my credit repair website and watch the informative video. Feel free to call or email me for more info, or to sign up on the site.