When you are thinking about buying your house, know that your credit report plays a major role. Your credit report can make or break your chances of getting qualified for financing. If you have good credit and good scores, the likelihood of getting approved for financing is assured. But if you have several derogatory accounts and low credit scores, that can be the end of your dreams of owning your home.
The good news is that your credit report and scores can be improved. Its your federal right. The Federal Credit Repair Act (FCRA) says that consumers have the right to question the accuracy of reported items in their credit report. If there is any inaccurate accounts reported in their credit report, they can file a dispute letter. The credit bureaus have 30 days to verify the account or it must be removed. If this is complicated for you to do, you can always turn to someone knowledgeable to do it for you.
Even If You Have No Credit History, We Can Help Build It for You
Some people have not used credit cards or taken a loan in the past. For these people, there are no credit history documented. When their credit report is pulled, they show no credit history to the financing people. This can be a major problem when they want to buy their house. The financing company has no way to determine if these people are high or low risk people because there is nothing to show how they handled their debt in the past.
Not to worry, we can even help people who don’t have a credit report. We have ways and means to help build a good credit history for you in a relatively short time (6 -8 mths) as compared to building it yourself for 2 full years.
Questions? We Love Questions!
Shahclan Boston – OwnerFinance
Boston, MA – USA
Phone 617-787-5151 (Landline)