Repair Credit Score

Question: My credit score is 540 is there still a chance to get a home loan?

I filed for bankruptcy a year and a half ago due. I am current on my bills. I make about $65k a year. I filled out an application with Countrywide 2 weeks ago and never heard back. I have left the loan officer several messages. I'm guessing it was denied but i never recieved any type of notification. I only have about a 5% downpayment. Is it still possible to get qualified for a loan with less than perfect credit?

Answer: its not as easy as before but there is a good chance and try your bank better than countrywide and 5% is actually good compared to 0% like alot of people also theres a lot of programs coming out to assist in home buying for example if you go for a new house theres things like all new apliances they pay your closing cost and no payments for 6 months theres lots of things and on used homes try to negotiate the owner to pay your closing cost that way all the 5% goes in as equity good luck

Learn How You Will Be Affected By FHA Home Loan Changes

Question: How can i remove charge off/ paid accounts off my credit report?

I paid off all my credit cards that were charged off last year thinking that if i paid them they would be removed from my credit report. Now i need to purchase a home and need to boost up my credit score fast. is there any way i can get those charge off/ paid off my credit report? can a credit repair place help me better if so which is a good one?

Answer: Paid charge-offs remain for 7 years from the date of last activity, unless you can get the company that is reporting to the credit bureaus to remove it as part ot a settlement agreement.
Credit repair agencies cannot do anything to help. They will only cost you money, and do exactly what you can do for free, which is dispute the accuracy of the accounts with the credit bureaus. They charge ridiculous fees to send dispute letters, and often do more damage than good, as they often dispute positive as well as negative items.
There no such thing as a good credit repair company - they are all in business to rip you off.

Bad Credit Repair - Credit Report Repair System

Credit Bureaus (continues...)

How to contact the three biggest credit reporting agencies?

Below are different ways to contact the three major credit bureaus.

Equifax

• To order your Equifax credit report, call: 800-685-1111
• To report fraud on your Equifax credit report, call: 800-525-6285
• To write to Equifax credit bureau, write to: P.O. Box 740241, Atlanta, GA 30374

Experian

• To order your Experian credit report, call: 888-EXPERIAN (397-3742)
• To report fraud on your Experian credit report, call: 888-EXPERIAN (397-3742)
• To write to Experian credit bureau, write to: P.O. Box 2104, Allen, TX 75013

TransUnion

• To order your TransUnion credit report, call: 800-888-4213
• To report fraud on your TransUnion credit report, call: 800-680-7289
• To write to TransUnion credit bureau, write to: P.O. Box 2000, Chester, PA 19022