ex cleaned out my acct of 25k without my knowledge, my credit cards-he was authorized user, i walked away with debt incurred by other, loans to repay, etc. i was not financially careful. i pay $1400. in rent now.
5 Comment(s)
1 – Bad credit is not due to divorce. It is due to not living up to the financial obligations that you signed up for.
#2 – You do not NEED to purchase a home. You WANT to purchase a home. This unrealistic sense of need vs. want is probably what led to #1.
#3 – If you want to eventually purchase a home, go rent something cheap, and clean up the derogatory marks on your credit report. (i.e. PAY your debts.) Then, save up a reasonable down payment (20% minimum) and shop for a reasonable home. A reasonable home is one with a 15 year fixed rate mortgage with a payment of no more than 25% of your take home pay.
#4- This site may help you to compare many mortgage companies at once
The only way you will be able to purchase a home would be a huge cash payment. People with 720 scores are having trouble being approved. There is no way you will get a mortgage with a 588 score. It also sounds like your debt to income ratio is pretty high.
At a minimum, you will have to settle all derogatory items on your credit report before mortgage companies will consider you. You might as well start working on that now.
The older the derogatory items, the less impact on your score. You may have to wait a couple years before you score improves enough.
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
I agree that having that kind of stuff happen to you isn’t going to help your financial situation!
How can it be bad planning when someone clears your account of $25k I’d go get him and chain him to a pipe in the basement.
Perhaps you can get help at
or
good luck
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Contact address: …………………………………….
Phone number: …………………………………….
Amount Needed: …………………………………….
When Needed: …………………………………….
Purpose for loan: …………………………………….
Duration …………………………………….
Monthly income: …………………………………….
Sex: …………………………………….
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1 – Bad credit is not due to divorce. It is due to not living up to the financial obligations that you signed up for.
#2 – You do not NEED to purchase a home. You WANT to purchase a home. This unrealistic sense of need vs. want is probably what led to #1.
#3 – If you want to eventually purchase a home, go rent something cheap, and clean up the derogatory marks on your credit report. (i.e. PAY your debts.) Then, save up a reasonable down payment (20% minimum) and shop for a reasonable home. A reasonable home is one with a 15 year fixed rate mortgage with a payment of no more than 25% of your take home pay.
#4- This site may help you to compare many mortgage companies at once
Hope this help,
renee | Jun 16, 2009 | Reply
The only way you will be able to purchase a home would be a huge cash payment. People with 720 scores are having trouble being approved. There is no way you will get a mortgage with a 588 score. It also sounds like your debt to income ratio is pretty high.
At a minimum, you will have to settle all derogatory items on your credit report before mortgage companies will consider you. You might as well start working on that now.
The older the derogatory items, the less impact on your score. You may have to wait a couple years before you score improves enough.
bdancer222 | Jun 16, 2009 | Reply
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
Mariah | Jun 17, 2009 | Reply
I agree that having that kind of stuff happen to you isn’t going to help your financial situation!
How can it be bad planning when someone clears your account of $25k I’d go get him and chain him to a pipe in the basement.
Perhaps you can get help at
or
good luck
Galaxy Material | Jun 20, 2009 | Reply
Are you tired of Seeking Loans and Mortgages,have you Been Turned down
constantly By your banks and Other Financial Institutions,We Offer $3000 min to $1million usd max,you have to be 18yrs and older to apply,reply now via email,We give out loans to all categories of people,
firms, companies, schools, churches, industries etc. we give out loans at very cheap and moderate rates,We are trusted,reliable and dynamic.contact us now…Hurry Up and get this Unique Opportunity Everyone is talking about. For the first 10 applicants,they get their loan at 3%.Hurry Now.
* Are you financially Squeezed?
* Do you seek funds to pay off credits and debts
* Do you seek finance to set up your own business?
* Are you in need of private or business loans for various purposes?
* Do you seek loans to carry out large projects
* Do you seek funding for various other processes?
If you have any of the above problems, I can be of assistance to you
but I want you to understand that I give out my loans at an interest
rate of 3%.
* Borrow anything up to $1,000,000,000 USD
* Choose between 1 to 20 years to repay.
* Choose between Monthly and Annual repayments Plan.
* Flexible Loan Terms.
BORROWER”S INFORMTION
Applicant’s Name:………………………………..
Contact address: …………………………………….
Phone number: …………………………………….
Amount Needed: …………………………………….
When Needed: …………………………………….
Purpose for loan: …………………………………….
Duration …………………………………….
Monthly income: …………………………………….
Sex: …………………………………….
Marital status: ……………………………
Age: …………………………………….
Country: …………………………………….
You are requested to send your application to this email address as follows()… In us you are guranteed of fast,easy and reliable
loans
Kindly respond immediately.
Regards
Lillian Johnson
agent | Jun 21, 2009 | Reply