The mortgage broker calls to tell you that your credit score doesn't qualify for a mortgage.
He needs at least a 580, preferably a 620.
What do you do? Wait? Take action? Does it feel like in order to get a mortgage you must sell your fattest cow for some magic beans, grow a giant stalk and find a banker that will lay a golden egg? If it does, your not alone.
In fact, your going through what millions of Americans are experiencing right now: The Credit Crunch.
I like to call it the "puckering up" of banks' behinds.
If its just your score there may be a couple things that you can do to give your credit score a jolt.
Although, there is no magic beans to grow a great credit score there are some things that you can plant that will grow your credit score.
Keep in mind that it's not always just your score that's affecting your ability to qualify.
Most of the banks also want to see established POSITIVE credit.
More specifically Three trade-lines that have a good payment history for the past Twelve months.
Thinking about taking action to improve the score on your report may take the consideration of several factors: 1.
Do I have a copy of my credit report? 2.
How many negative credit items are on my report, and how recent are they? 3.
Do I have at least 3 established positive credit items? Even though disputing, debt negotiating, and positive credit establishment can seem pretty self explanatory there are actually better ways than others.
Governed by hundreds of pages of consumer protection laws and Acts it can seem extremely confusing to navigate a proper action plan to improve your credit quickly without the help of an Attorney or Credit Repair Organization.
On one hand you don't want to throw away hundreds if not thousand of dollars on a professional, on the other hand, you don't have the time or experience to educate yourself enough to purchase a home in the time-frame you want.
(You might also want to capitalize on that nice O'bama tax incentive!) Guess what? You don't have to hire anybody or go to college for a year to find the most effective way to repair your credit score! Someone else has done it for you already and there are plenty of Free Self Help Credit Repair Communities on-line to help you! Here's a couple things you can do right away: 1.
Sign up with a Community of Self Helpers, its usually Free.
2.
Go to Opt-Out Pre-screen and "OPT" yourself out from receiving solicitation for a score jump.
3.
Find a relative or close friend with a long responsible credit card history and ask if you can be an authorized user on the account.
The extra card can be sent to the holder and cut up, you enjoy a positive trade-line history giving your score a boost! For more information in getting your credit back in shape look to the free resources.
It's really not so bad.
You can overcome this.
I believe in you.
You don't have to break the bank, you just have to stay motivated.
The magic beans are YOU!
He needs at least a 580, preferably a 620.
What do you do? Wait? Take action? Does it feel like in order to get a mortgage you must sell your fattest cow for some magic beans, grow a giant stalk and find a banker that will lay a golden egg? If it does, your not alone.
In fact, your going through what millions of Americans are experiencing right now: The Credit Crunch.
I like to call it the "puckering up" of banks' behinds.
If its just your score there may be a couple things that you can do to give your credit score a jolt.
Although, there is no magic beans to grow a great credit score there are some things that you can plant that will grow your credit score.
Keep in mind that it's not always just your score that's affecting your ability to qualify.
Most of the banks also want to see established POSITIVE credit.
More specifically Three trade-lines that have a good payment history for the past Twelve months.
Thinking about taking action to improve the score on your report may take the consideration of several factors: 1.
Do I have a copy of my credit report? 2.
How many negative credit items are on my report, and how recent are they? 3.
Do I have at least 3 established positive credit items? Even though disputing, debt negotiating, and positive credit establishment can seem pretty self explanatory there are actually better ways than others.
Governed by hundreds of pages of consumer protection laws and Acts it can seem extremely confusing to navigate a proper action plan to improve your credit quickly without the help of an Attorney or Credit Repair Organization.
On one hand you don't want to throw away hundreds if not thousand of dollars on a professional, on the other hand, you don't have the time or experience to educate yourself enough to purchase a home in the time-frame you want.
(You might also want to capitalize on that nice O'bama tax incentive!) Guess what? You don't have to hire anybody or go to college for a year to find the most effective way to repair your credit score! Someone else has done it for you already and there are plenty of Free Self Help Credit Repair Communities on-line to help you! Here's a couple things you can do right away: 1.
Sign up with a Community of Self Helpers, its usually Free.
2.
Go to Opt-Out Pre-screen and "OPT" yourself out from receiving solicitation for a score jump.
3.
Find a relative or close friend with a long responsible credit card history and ask if you can be an authorized user on the account.
The extra card can be sent to the holder and cut up, you enjoy a positive trade-line history giving your score a boost! For more information in getting your credit back in shape look to the free resources.
It's really not so bad.
You can overcome this.
I believe in you.
You don't have to break the bank, you just have to stay motivated.
The magic beans are YOU!