Posted on: 19th Jan, 2014 11:54 pm
We are willing to go for owner financing but buyer will have to improve his credit score. How can we help them in building their credit score?
You can ask the buyer to pay off their bills on time, dispute and remove the negative items from their credit report, take out some new credit with the help of secured credit cards, etc. in order to improve their credit scores.
Do you know and can you tell us what the Buyer's credit score is now?
I ask only because the score may be OK for a mortgage now.
Any advice we might give to improve credit scores is somehwhat dependent upon whether they are simply new to history and do not have any credit history or whether they have bad credit scores due to bankruptcies, charge-offs etc.
I ask only because the score may be OK for a mortgage now.
Any advice we might give to improve credit scores is somehwhat dependent upon whether they are simply new to history and do not have any credit history or whether they have bad credit scores due to bankruptcies, charge-offs etc.
