old bankruptcy, charge offs, collections, unpaid old debts on credit reports advice for a loan.

Your Bankruptcy is now near 10 years old and most of the accounts affected by it should start to fall off of your credit report. However, since your Bankruptcy, it appears you have had additional credit problems. Many lenders frown on any poor credit performance after a bankruptcy. You will need to work on paying off any legitimate accounts and disputing the accounts that are not. In addition to cleaning up your credit, you will also need a letter of explanation stating what caused you to have more credit problems, and what you have done to solve the problem. The cleaning up of your credit, with a valid letter of explanation and an exemplary pay history since your last credit problems, are your best bet at raising your scores and qualifying for a loan.

Even if they are removed from you credit, collection accounts and un paid debts will show up on Title Work. They have to be satisfied.

You are smart to work on your credit before looking for a home. Find a LOCAL lender that can refer you to a legitimate credit repair firm. They may be able to get some of the accounts removed but probably not the bankruptcy. The only accounts that will show on title work should be judgements. Collections and charge-offs typically won't in my opinion.

You can't just not pay these creditors and expect someone to lend you money on a home. Contact them and see if they will accept settlements or set up payment plans with them to get the bad debts paid.

Question 1: YesQ 2: Legitimate Credit DisputingQ 3: Yes

Credit reports are supposed to be true reflection of your credit worthiness. Anything correct on your report technically can not be removed. Credit repair agencies use loopholes in the laws to abuse the system when they attempt to get valid items removed.

agreed

During the home loan process a title company will do a judgement and lein search - all those items that were LEGALLY removed will show up as unpaid and the loan will be denied - you need to address each one of them before you look for to buy a home

Tracy - You can receive many answers here that will helpful in your decision, but your best bet is to contact a lender who is willing o take a look at your credit and be more definitive in the direction that you have started. What you briefly stated is impressive, and some of the answers are correct in what they have stated - but you will need to take this one step further and see what will be the next "logical" step on moving forward. Your best bet would be to talk to a lender in the State of Missouri, or at least one that is licensed to handle transactions in our state. If you have further questions, please visit my website at www.CallTheMoneyMan.com or contact me directly at 314-788-7806.