Bad Credit After Foreclosure?
September 29th, 2008
| Tags: Bad Credit, Credit Help, Foreclosure
Ladyrc asked:
My hubby and I just lost our home due to an A.R.M. (Adjustable Rate Mortgage). This was our first home and honestly we didn’t quite understand the A.R.M. but we found out the hard way. Is there anyway we can reastablish our credit? Any help would be beneficial. Thanks in advance.
Kaylee
My hubby and I just lost our home due to an A.R.M. (Adjustable Rate Mortgage). This was our first home and honestly we didn’t quite understand the A.R.M. but we found out the hard way. Is there anyway we can reastablish our credit? Any help would be beneficial. Thanks in advance.
Kaylee
Keep all your other bills current & on time .
Keep debt to a below 10% of your income . . .
Start reading documents , & do NOT sign until you understand what it says in writing .
( Not what the salesman says )
>
it will probably take a few yrs – foreclosure is a big negative