Posted on: 24th Mar, 2010 06:24 am
My family has to relocate due to work, My credit is poor. I have a company helping with that, But it could take awhile and i really need the finacial help now. Is there any place that will loan to someone with a 520 credit score,
frdmlady
frdmlady
Welcome frdmlady,
With a credit score of 520, it would be impossible for you to get any financial help. You would get a FHA or USDA loan at a credit score of 620. If you're looking for a conventional loan, you need a score of 700-720.
You can check out the given page to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
You should first improve your credit score and then look out for loans. Meanwhile, it's better to rent a property.
With a credit score of 520, it would be impossible for you to get any financial help. You would get a FHA or USDA loan at a credit score of 620. If you're looking for a conventional loan, you need a score of 700-720.
You can check out the given page to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
You should first improve your credit score and then look out for loans. Meanwhile, it's better to rent a property.