I have terrible credit from a reposesion when I was 20 years old, I'm 24 now, I need to buy a house for my

family, my finace has ok credit mine is just terrible. I only owe 4 thousand but can't afford to pay it back. Whats the best way to rebuild my credit I feel like I'm holding my fiance back. We really need to but a house we feel like renting is a waste. I have a 2 year old and we are expecting another in the fall. I have talked to the credit burio and they said that the least amount of paymeny they would take would be 5o a month, but that just covers interest with rent and everything else I can't afford anymore, I feel stuck, I need help.

Before you start mortgage shopping both of you should opt out. (I have provided a link for that below)

You might want to start looking at cleaning up your credit. I would suggest going to the site I've linked below and do some reading.

As for the repo, you need to be aware of your rights. If they have failed to send you all of the required notices in the proper time frame than it would be considered an illegal repo and they legally cannot collect the deficiency.

And it is possible that you are out of the statute of limitations for collection on the repo.

Again, I suggest visiting the sites that I have linked below. Learn your rights, use your rights and start your credit clean up.

Borrow the $4,000 from a friend or family member. Then you can make payments of $50.00 a month to them with having to pay interest.

You can use any one or a combination of several strategies. First, I suggest researching the issue of tax liens in your state. In every state, local goverments put tax liens on real estate. Often the tax bills are a few hundred dollars; and sometimes several thousand, but always much, much less than the property's value.
Here's the really good news. The tax lien becomes the principal lien against the property, subordinating all other liens, including mortgages. Therefore, if you paid the taxes, you would own the property free and clear for pennies on the dollar, provided the original property owner did not buy the lien from you. If they do, you receive a handsome profit because that person(s) would have to pay you from 15-24% interest to reclaim the real estate.
Consider this example: Real Estate appraised at $175,000, with a tax lien of $5,000. Let's say there's $10,000 equity in the property.You pay the tax lien, and put that real estate on the market for $145,000 cash. It sells, and you pay your investors--the people who put up the $5000--their money, plus a 60% profit, a total of $8,000. Let's say you had two investors, one of whom is your finance. You pay out $16,000 and have $129,000 left. Bank $120,000 and take the $9,000 and buy two or three more tax lien properties, including one you want to live in. Let's say you buy three at the following appraised values: 1) $100,000--tax lien $3,000; 2) $150,000--tax lien $1,500 and 3) $195,000.--tax lien $4,500 The last one is the one you want to live in. You now have a net worth of $445,000, with $120,000 cash in the bank. Pay off your $4,000 in debts. Give your original two investors a $5,000 bonus for believing in you; which will, of course, increase the probability that they will help on your next deal. Report on new financial standings to the three credit-reporting bureau and your credit is instantly FIXED. You and your finance move into your new home. Get a bank loan, maybe $20,000, using the $100,000 real estate as collateral and upgrade the other two homes. Rent them for a good market rate.
When this is over, you and your finance will be living in a $195,000 home that you own free and clear. You own two other properties, also free and clear that you can either rent or sell. You have $106,000 in the bank.
Can this be done? Yes! Some people do it daily! Will YOU do it?
Only you can answer that question!

Some mortgage brokers will work with people like you. However, it would be best to focus on your fiance's credit and have you added on the deed when it comes time to buy.

Have her open a credit card and add you as an authorized user on the account. Pay off existing debts, make much more than minimum payments to please the banks. Unfortunately, there's no quick way, as the data sometimes gets reported months after you made the payments.

Have her apply for the mortgage, and list the household income of both of you.

if your not working best thing to do is get a job even if its 2 days a week and put the money to your debt, second thing is get some seasoned money in the bank by that i mean a few thousand dollars and leave it there for atleast 6 months dont touch it at all , another way is open a checking account and keep open for 1 year with no bounced checks , another good tip is think what in your life you can do without , like cable/sat TV or maybe getting rid that wasteful land line if you have a cell , and my favorite get new insurance quotes when i found my new policy i saved almost 1200 $ a year , so shop arround , make some priority lists , and above all else dont lose sight of the goal !!!!

Good luck to you and your new family,
Sincerly ,
Capital One Guy

Sorry to say, but you are going to have to pay the monies you owe in order to get your credit up to par, try getting in touch with an consolidation agency to help you make payment arrangements in some cases they are able to reduce or eliminate interest charges.

just buy and his name, add your to the deed.

Have you actually talked to a financially institution. They would rather loan money to you on a house than on a car, because a house doesn't move. I don't think your credit sounds that bad. You should go and talk to someone.

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