Repair Credit Score

Archive for November, 2006

Question: Is it true bills get removed from Credit Report in 5 yrs?

I have a lot of hospital bills. I need to file bankruptcy but it's hard to get them all together. But a friend said after 5 years they are taken off your Credit Score. How does that work exactly? I have not filed bankruptcy yet. Just wondering if they really get taken off your Credit Report and don't count towards your Credit Score after 5 years.

Answer: Check the sites thoroughly. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

http://bankruptcy-info.we.bs/

http://www.loan-house.info/2009/09/choosing-right-bankruptcy-attorney.html

Re-Establish Good Credit After Bankruptcy STEP ONE

Question: will underwriter not grant final approval based on my debt to income ratio?

Loan officer said I was FHA home loan was approved and was waiting for final approval from underwriter. My Credit Score is about 650, and I have not had any late payments in two years. Ive also been at my job for 5 years. My debt to income ratio is my concern. With my student loans, car payment, one credit card and projected mortgage amount, the ration is 44.5%. will this keep me from getting final approval??

Answer: You are just on the high side for FHA but if you have a good history you should be good. Loan Officer FHA specialist.

Mortgage Modification and FICO Score Damage

Question: What is the minimun score and credit qualifications to get approved for a FHA Home Loan?

I have a high score of 583, one judgment in good standing because I am paying it down. I have 1000. left to pay. I have a repo that is being paid in 2 months and will be removed from my credit. The only thing that will be left are student loans that are all in good standing. I don't have a down payment yet. Are there ways that I can get approved with no or little money down on a FHA loan for a first time Home buyer? There is a house that is $165,000 that need minor repairs. Am I eligible for something like this?

Answer: credit-report-free.totalh.com - try this service to boost you Credit Score before getting loan. After Credit Repair you can get the loan with minimal interest rate.

FHA Loan No Credit Score