Real Estate Blog - Reestablishing Your Credit To Get A Mortgage Loan

By John Jones (Keller Williams Elite, Dallas/Park...

The popular myth is that once a person's credit score is damaged from late payments, collections, a bankruptcy or even a foreclosure, those issues must be resolved or removed from their credit report or they face a seven year curse ... The secured credit card is the catalyst that helps to actually rebuild the credit score. Having said all of this about credit repair and restoration, I would not recommend someone buy a home that isn't financially ready for the challenge. ...

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