But it is never too late to put an emergency strategy into damage control mode and repair your credit. The tips in this article will help you repair your negative credit.
If your credit is such that you cannot get a new card to help repair it, apply for a secured one. The account is funded in advance, which provides the lender with a level of insurance against unpaid debts. This is why secured cards are often easier to get. Using this new credit card in a responsible manner will help to build back up your good credit rating.
Financing a home can be made more difficult when your credit score is low. FHA loans are good options in these circumstances, as they are backed by our federal government. FHA loans are also great when a borrower doesn’t have the funds for down payment or pay closing costs.
Start by paying off credit cards with accounts 50% over … Read the rest