Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
have credit score or 610.....own home..........looking for a loan to make repairs on home we own......have @8k debt.....house is owned outright with 100percent equity........house worth about 180k............quiken loans is looking for 399 to help bring credit score up by repairing it with us......they will put the 399towards closing costs when we qualify with credit score of 620
10 points in that range is fairly easy to do in a few months. Do you know why your score is that low? Any judgments you could clear up? Any problems starting to get older? Credit score repair for over 100 points takes some planning and time so in those cases it makes sense to pay someone to help you do it, but 10 points can often be done in a month or less on your own if you are going about it correctly.
10 pts away from approved score.Would love to save money but don't want to mess up the process and set us back
what would be the correcct way to approach.......QUiken loans told us if not done correctly older judgements we could reopen them and make them current......
What they said about opening old judgments is ridiculous, they are not the ones who can reopen old issues. They could insist on including them in their underwriting to a degree, but if they did that you are highly advised to go elsewhere for your loan. Seems like they are doing some rather questionable things some of which may be borderline legal.
They suck this company sucks. They are always patting themselves in the back for always hiring but they burn through people like carzy. Dan Gilbert is a scumbag.
Used them once, with the option of telling to hit the road at no cost. The appraiser they sent out for a FULL appraisal gave me three business cards -- two of them for bars he worked at and he also kept telling me he did special events....
As you can guess the appraisal came in SUPER LOW -- like by about 75K, and all of a sudden we were going to have to pay a MUCH higher rate for a 5K HELOC.... I complained and they didn't care so I told them to hit the road.
Went local (and small bank) and got the best rate for a 50K HELOC.
Don't pay for a credit fix. If you have information on your credit report that is legitimately wrong you can contact the bureaus to clear it up yourself, it's not hard at all. If the detrimental items on your report are all legitimate you're just rolling the dice by trying to get them removed. Sometimes the creditors don't respond and you get away with it, but if they catch it you're screwed.
I agree with Tallysmom. If you really have $180K equity in your home and your income is steady and adequate to make the payments you should have no problem getting a local lender to loan you the money.
have credit score or 610.....own home..........looking for a loan to make repairs on home we own......have @8k debt.....house is owned outright with 100percent equity........house worth about 180k............
Have you checked with your original lender to see what they want for a HELOC? If you paid off the mortgage, they're probably willing to work with you.
they told me they could get my judgment reduce i am currently paying the judgment. did u use there credit repair with quicken i am thinking about it. my first lender a credit union pre-approved me i put in an offer on the house it has been approved now i find out they denied me for the loan. i called quicken they should my score has to go up about 60 points for exiqfax fico i dont want to loss this house?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
10 pts away from approved score.Would love to save money but don't want to mess up the process and set us back
