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 Westcott debt collection? |
I am considering seeking legal action against a debt collection agency
called Westcott UK but i'd thought i'd see the opinion on the matter online
first and if you can help.
<... |
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 I am about 6000 in credit card debt and thinking of filing for bankruptcy? |
| My fiance and I purchased my vehicle together (both of our names are on the loan, but just his is on the title). I am a full time student and unable to make my credit card payments. I owe around 6000 ... |
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| Hi, i was told by someone that it is possible to get a credit card written off if you entered into it being under the age of 21... I have a card that i got when i was 18 and the interest rate is 28% ... |
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Heather B | Does anyone know who would finance me for a new home with a credit score of 524? |
me and my husband live with my grandmother with our 2 children and its a bad enviroment here for them.. but we can get approved for a home loan because he has a low credit score of 524.... does anybody know who could help us to get out of here???????????? |
 |
 
geeloeeloee
|
Okay, you're not gonna like this, but I need to say it.
YOU ARE NOT READY TO BUY A HOME. You live with your grandmother. With a husband and children. You missed a vital step.
In order to become a proper homeowner, you must:
1. Get your financial $%^ together. Figure out how much you make, how much your husband makes, and how much you spend on what you need (food, utilities, rent, clothing, retirement saving, college saving, transportation, school costs for the kids, fun money).
Have a real conversation with your husband about WHY his credit score is so low. It's probably not going to be pleasant, but it'll make your relationship stronger both through trust, and because looking straight at the problems will force you both to work through them. Sometimes the past is the past, but those who forget it WILL repeat it. And those who don't know are usually the worst-hurt.
2. Develop a plan that spans 5 years. It sounds hard, and it is, but it's gotta be done. Once you have a budget set up, you've got to consider what kind of home you want, that'll be good for at least 10 years (less than 10 years means you'll have practically no equity, so selling will get no profit, and you'll basically have been paying rent anyway).
To get into a house with a decent chance of keeping it during tough times, you really should have a 20-percent down payment (or larger).
And remember that closing costs are usually $2,000 or more, depending on your area and your price point. If it'll take two or three years of skipping vacation time, eating off-brand foods, watching basic cable, using slow internet (or not having the internet at all), then so be it.
These are your lean times, and the hungrier you are to reach your goal, the sweeter it'll be when you finally get it.
3. Remember that you'll probably live to be 100. Where do you want to spend your twilight years? In a cramped, moth-eaten retirement trap funded by a failing Social Security? In a resentful child's house? In the home you're going to buy in 5 years? Travelling the world and staying in 5-star accomodations? The choice is yours.
Picture it, feel it, and you can have it. Don't give me any excuses. Don't argue with me. Picture it, feel it, work it, and you can have it.
Go get 'em, Tiger. |
|
Gary H
 |
Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://www.axalda.info/bad-credit-mortgage.html |
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stephen l
|
I know loan officers who could finance you with a down payment. It sounds like you need to take steps to repair your credit in order to get out of there. I suggest Hometown Banc Corp. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don’t simply “forget to call you back.” They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at the source website and a Hometown loan officer will contact you . |
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sophieb
|
sure there are some places that will do that but then several months down the road they will hit you with double payments and you can't afford that. That's what happened in the real estate industry a few years ago and now a lot of people are having their homes repossessed...raw deals. I'd suggest that you get yourself into an apartment as they are a little less expensive, you don't have to pay for the upkeep of the washer, dryer, dishwasher and anything that goes wrong you don't have to fix it, that will free you up so that both of you can be working, even maybe two jobs apiece and even a home job and will allow you to save money for your new home. Good luck. |
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Kelsey
|
You can get a home loan with that low of a credit score, but you'll be subject to a down payment (10% +) requirement, high interest rate, and higher closing costs. A lot of sub-prime lenders have been in hot water this past year with foreclosures on the rise, and not to sound harsh, but it's because of people like you in your situation that think they need to buy now when you really aren't ready. Your best bet is to fix your credit, and move into an apartment until your credit scores get higher. FYI: If you're looking for 100% financing (no down payment) even subprime lenders are requiring a mid score of at least 640 when just a year ago it was 580. You have to look at it in the respect that there's obviously reasons why your scores are so low. A lender will think, okay if she had late payments/collections, etc. on other debt what would make her pay back a mortgage that has a substantially higher payment? Wait to buy until you're most suited for such a serious debt. |
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Judy1
|
That's a very low scpre - work on getting it up first, then look for a home.
In the meantime, look for an apartment or a house to rent. That might not be real easy with a credit score that bad, but keep looking and you'll probably find something.
If you can't afford to rent an apartment, then you can't afford to buy a house either - how would you make the payments? |
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sammy
 |
u might get a loan with higher rate, if u can prove that u make good income. |
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John T
|
As a Mortgage Advisor I will simply say this ... Listen too wood_vulture that gave you a PERFECT answer and follow it - he/she did a great job for you. Follow up! |
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Pamella A
|
524 is very poor score and with this it is really difficult to get a loan. you can consult with a debt consolidator or try to repair your credit first. Or you can go for some bad credit loans but the rate will be higher.
To know more you can visit
http://www.easyhomeloans.blogspot.com
and
http://www.badcrediteasyloans.blogspot.com
and
http://www.debtconsolidationmanagement.blogspot.com |
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joeys_perogative
|
Forget about a house. Try renting in a better area first. |
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