Your credit score matters to mortgage lenders, but that doesn’t mean it’s impossible to buy a house with bad credit. In addition to other loan options, there are other strategies for buying a home if your credit report is less than ideal. Here are some of the ways you can work toward buying a house with bad credit:...

Image by David Pereiras from Shutterstock Your FICO score is a key factor used to determine if you qualify for a mortgage. The Fair Isaac Corporation (FICO) is the creator of the most common credit score used by home loan providers. The algorithm used to create your score is a closely-guarded industry secret. But in general, it factors...

Photo by Andrey_Popov via Shutterstock Federal law allows you to get your credit report free once per year. To do so, go to annualcreditreport.com and request your report. You need to do this at least once a year so that you can correct any errors or missing information. Differences Between Credit Report & Credit Score You typically have...

A wise man once said to hope for the best, but plan for the worst. When you’re contemplating buying a house, even before beginning the actual application itself, it’s helpful to consider what could possibly lead to its rejection. This is especially important if you’ll be applying for your home loan at a traditional bank. These are particularly...

Bad credit history can get in the way of getting approved for a loan. It may seem like a stretch to try and get lousy credit away from your credit score, but it is possible. The 5 ways to get rid of bad credit 1. You should take note of the delinquency date. Credit bureaus often update on...