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I am trying to clean-up my credit to purchase a home.What are some good ways to start?

iMy family and I lost our home to foreclosure a year and a half ago,due to some bad financial managing.My wife and I both have 580-600 credit scores no credit cards about 3000 in negative credit.Have tried mortgage co.s to no avail.I am an excavator same co. for 19 yrs,wife is fitness instructor 4yr together 50,000 yr income. need help with cleaning credit and building credit.i.e. who to contact and what to do?

Asked By: LORI W - 8/14/2006
Best Answer - Chosen by Asker
The only legal way to do it is the old fashioned slow way. Pay all your bills on time. If you have things in collections, call the company and work out a payment plan. If you have items that have been written off, call the company to see if you can come to an payment agreement. Sometimes a company will take partial... More
Answered By: Gwen - 8/14/2006
Additional Answers (8)
Read some tips and articles on this site on credit and how to rebuild it
Source(s):
Answered By: Elite female - 8/14/2006
 
Contact a financial planner in your area
Answered By: dt - 8/14/2006
 
take a good look at http://www.clarkehoward.com radio host consumer advocate he's good
Answered By: ohm'slaw - 8/14/2006
 
apply to a good credit repair company on that has a money back guantee. the one that i use will remove everything except for goverment items like student loans and tax liens. some of the things on your credit may be to old to bother with.If you would like to know of a good company just ask later. If you have a credit... More
Answered By: sherri_glvr - 8/14/2006
 
Just using a rough guess... you can probably only afford $178K in a mortgage with your yearly income and negative credit. Depending on where you live, I don't know if you can even purchase a home for that (you can't in the Metro area I live in). That could be part of the problem. And, it also depends on what the... More
Source(s):
Answered By: 1Jazzy1 - 8/14/2006
 
hello, I am doing the same thing for my husband right now. Ok the first thing u need to do is go to Annualcreditreport.com and print each one of your credit reports. Then go through them with a fine tooth comb. There are going to be alot of double check account numbers not names and alot of wrong information. It... More
Answered By: jodi_lynn_124 - 8/14/2006
 
620 is the magic #. Your right around the corner. Your timing may also work in your favor. The real estate market is shifting from a sellers market to a buyers market. I would recommend that you hang tight till next spring, your scores will be higher and the home prices will be lower.
Source(s):
Answered By: tony - 8/14/2006
 
contact a credit counselor: Credit Counseling Programs http://www.complete-debt-info.com/category/Credit-Counseling-Programs.html
Answered By: hen d - 8/15/2006
 
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