Posted on: 30th Oct, 2008 09:47 pm
My credit score is 575. Details surrounding the score are as follows: 4 new medical collections and a auto loan that I co-signed on with my sister that has numerous 30 day late payments but never over that. All other credit is paid as agreed. I am in serious need of a mortgage but I don't want to have everyone pulling my credit just to be turned down. I currently rent but I do own a home that I have a mortgage on that I rent out. I got married last year and the home I own that has the mortgage on it was too small and it is financed through a small finance company at an ungodly interest rate. Home has been in family fo years, can't sell it so I rent it. It makes the mortgage payment. However, my husband and I with 3 kids are currently renting, never being late and are in dire straights for a mortgage so that we are no throwing our money away. Is there anyone who could help?
Hello, I am disabled with chronic health problems resulting very large medical bills every year. I have 1 credit card that I've paid off every month since april, 2012. I paid off a $3,000 bank loan in 5 months in 2012. All my collections are for medical. I can put down 10%; can I get a mortgage?
Hi Trey,
With a credit score of 575, you won't be able to qualify for any kind of loan. You will have to increase your credit scores and then look out for loans.
Thanks
With a credit score of 575, you won't be able to qualify for any kind of loan. You will have to increase your credit scores and then look out for loans.
Thanks
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