Wednesday, August 26th, 2009

Home buying help with a credit score of 530?

credit help
Edgar asked:


Is there any lender that will help me with purchasing a home? or do I really need to start rebuilding my credit? If so who do you recommend I use that’s honest and fare on price to help me? Thanks

2 Responses to “Home buying help with a credit score of 530?”

Great Scott Says:

Nowadays, I wouldn’t even have this discussion without a 675-ish score. No one is going to come near you with that score.

MadMan Says:

Sorry but you cannot get a mortgage with your credit score. You need to increase your score to at least 620. Nobody can increase your credit score for you. You need to pay all your bills on time and settle and defaults. It will take several years to do so.

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