How Low Can You Go.......

chaynes profile photo

okay my credit is really bad middle score is like in the mid 500's and I need to move...like yesterday.

i want a condo in FL that will go for around 75k, and I have around 5k to work with. Can I get help PLEASE

anyone, that can lend in FL with these types of scores please let me know. oh oh

Comments(6)

  • BethE10th November, 2003

    Find a property in the area and offer the seller a lease purchase. It'll give you time to clean up your credit.

  • flacorps12th November, 2003

    Then go check out www.creditinfocenter.com and www.creditboards.com ... unless you just don't want to try doing it yourself, in which case it's time for an outfit like the Lexington Law Firm.

  • chaynes12th November, 2003

    I have been working on it for the past 6 months and some accounts have been deleted off, but my score has not been strengthened by this. In fact one bureau Transunion, score did not change at all. I have checked out the Lexington Law site and may have to put it into some else's hands.

  • sacramentophil12th November, 2003

    In addition to getting the bad things deleted, you'll need to get some good things working for you to boost your scores. A secured Visa, for example. Or you can get a CD at a bank and then get a personal loan from the same bank secured by that CD (tell them exactly what you're trying to accomplish and they should take care of you...if not, move on to the next bank). There is an excellent article here on TCI, I believe the title is "Everything You Always Wanted to Know About FICO".

  • chaynes12th November, 2003

    well i understand that, which is why the Transunion report is weird. Another "new" account was added which is in good standing and yet nothing changed. I don't get it.

  • debtmedic13th November, 2003

    From what you have stated you have done more than most by removing several items from you report. Unfortunately, removing enough of the marks that are needed to to actually raise your scoring to an effective number is whole other animal. In my experiences personal as well as professionally I have found that initially the simpler marks can be removed by the D.I.Y. method. But not too far into the process most find not only does it become time consuming and laborious but the majority lack the legal ease "know how" to follow up correctly. So outside help is generally the next natural step. With that in mind your (our) next goal should be to know your options and its consequences as they apply solely to your personal situation. Within each door of opportunity from company to company their is a price to be paid. (Not $ either). Knowing your options and its processes gives us the needed and necessary leverage to make profitable choices. Empowerment! As for the post that eludes to the Credit Repair company (I won't slander, ever! ). Your investigation into that area should be grounded in our federal laws and it's enactments from said companies. It is illegal through federal law to charge for this type among other types similar before services are rendered. **Regardless of how they hide fees. ** Ex. Monthly monitoring fees, membership or association fees etc. The best water test is choose only companies that charge for performance. Period! The next factor is time frame. Yours-how fast it can be remedied is a factor that you can can control by your available funds and motivation. Their time frame - do they lock you into a longer than needed restoration period? Again the availability of funds and your readiness are key. You can of course if you choose to proceed at your own pace but if you are like most, NOW is better. Place yourself in control. It is your credit. Learn, make educated realistic choices, then benefit!

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