Debt free... now what?

iVillage Member
Registered: 02-04-2008
Debt free... now what?
2
Mon, 06-30-2008 - 7:31pm
iVillage Member
Registered: 03-17-2003
Mon, 06-30-2008 - 7:58pm
Have you pulled all three of your credit reports?
iVillage Member
Registered: 11-17-2007
Mon, 06-30-2008 - 9:09pm

Carolyn as always is totally right. There was a woman that wanted to buy my house but she had no credit at all. The mortgage company told her to get gas and lights in her name, land line one small credit card. And of course rent. She needed to be on the job for two years and in the same place living wise for at least a year. All of these bills needed to be paid on time.


I would take that letter you have make a couple of copies and put the orginal in a very safe place they will ask for it when you buy your house. If you should want to before you think your credit will pass I would look around for a lease with option to buy for say two years or a house that is being financed by an owner Both these ways can get you into a home then when you are better established you can go to the bank and get the house financed.


Good luck to you.