There are many first time home buyers wanting to buy their first home, but are not able to, due to low credit scores and those who can qualify with low credit scores are not able to take advantage of the best loan programs available in Goose Creek and in the Charleston SC area. In this current real estate market, home prices are low, mortgage rates are low, $8000 tax credit (i.e. FREE Money) is available for first time homebuyers, and it is cheaper to buy than rent. The time is now to pull your credit report and fix those credit issues as fast as possible, so you can take advantage what is available now.
Credit Repair: What to Know and Look out for
Rating may affect possibilities of getting a job and buying a home
Extranews.net, Posted on 04-15-2009 - Do you think you have good credit? Have you paid your bills on time? Have you missed one payment?
In this economy, having a good credit score may not be enough to obtain a low interest rate or get approved for a loan.
This is the case for many people who at one point or another have had trouble with their credit. Making late payments or no payments at all for a long period of time can affect your credit. Don't forget about collections, bankruptcies and judgments.
Like a criminal record, your credit rating may now affect your possibilities of obtaining employment, purchasing cell phone plans, apartment/home rentals and loans.
Paul Labonne, vice president and CRA officer with National City Bank (now part of PNC Bank) gave a few tips about how to deal with credit repair and how to spot scams, which end up costing you a lot more and leave your credit rating the same.
To start, Labonne said that people should order their credit report from any of the three major credit report agencies: Equifax, TransUnion and Experian.
"Preferably all three because sometimes the information that appears on one of the reports may not be on the other. Then review the information thoroughly and make sure the name, address and social security number is correct. Often times, that information is not correct and that can be a cause for bad credit," Labonne said.
He suggests that once the credit report is received, people should go through it and request that any information like past delinquent accounts that have been paid and are more than seven years old, are removed from the credit report.
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Charleston, Goose Creek, & Hanahan Real Estate For Sale
Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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