unable to do a credit repair at this time my money is to tight. I was just wondering because it makes no since for a person to re

I have helped many borrowers for whom I had started out reviewing their situation when their credit scores were rather low and they did not have much money saved up. It is good to get with an experienced mortgage broker or banker in the D C area who has worked with clients whose credit had been damaged and get a clear picture on where you are currently at in qualifying and sometimes specific steps to get to where you need to be to buy a home. Sometimes we do home purchases for people with credit scores in the 500s, though more often they have at least 580. Other times it is not difficult to get them to 620 for one of our standard loan minimum score requirements. Ask about their experience in working with client's who have a mid fico score that may be in the low to high 500s. Many have little experience and will tell you to work with a credit repair specialist, etc. I learned the best credit repair specialist is the motivated, prospective borrower. I give them the guidance and they can do a far better job than any credit repair company. It is just a lack of knowledge on what to do or an unwillingness to face their current credit situation and take the steps to rebuild credit that stops people from rapidly getting to where they are qualified to buy a home.

Bonnie, there are a lot of loan officers who can review your credit report and give you some good advice on what needs to be done to improve your credit. The loan officer cannot do it for you, but can let you know what you need to do. It will take some extra time, but it is a free option. There are never any guarantees when your looking at fixing your credit, but it is worth trying. I would talk with a local loan officer and have them review your current situation and credit for some good advice. Best wishes, Sean

You can restore your credit yourself. I own a credit repair company, however, if you're looking to do it yourself, great.. You will need to obtain all 3 of your credit reports, and begin disputing your credit. Pay down any high balance credit cards you may have. Negotiate payments on any collections you may have. Apply for a secured visa if you don't have any open revolving credit cards. Capital One offers one that reports to all 3 bureaus. If you have family willing to help you, have them add you as a co-signer on 1-3 of their open revolving cards, as the length of the account, and positive payment history will help bump up your scores. The thing to remember is you need a minimum of positive trade-lines, no collections, and or paid off collections. Don't worry about medical bills under $2K. And then you will be home loan ready. Good Luck.