Bad Credit

Bad Credit? How to Apply for Mortgage

If you have imperfect credit, you’re not alone.  Many people struggle with bad credit for varying reasons. For instance, you might have been a victim of recession and lost your job unexpectedly. Or perhaps you might be in the middle of the divorce process. Sometimes, bad credit is a result of a failed attempt in business, financial mismanagement or poor spending habits.

If you plan to apply for a mortgage loan anytime soon, then you need to start working to improve your bad credit.  The good is that you can still apply for a loan as long as your bad credit is in the past. On this post, let us take a closer look at the steps that you can do to increase your chance of getting approved for a mortgage loan.

Clean up your credit report. Request for a copy your credit report from each of the three major credit bureaus. Carefully examine your report. See to it that it contains no errors, unauthorized charges or inaccurate information. All consumers have the right to dispute errors in their credit files and this is a quick and smart way to boost your credit score.

If there is a negative remark in your report that is older than 7 years, be sure to ask the credit bureau to remove it from your file. For instance, if you filed for bankruptcy before and it has been 7 years, the record should not be included in your most recent credit report.

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About the author

Allison May

Allison May is a credit consultant and a writer for Credit Creators. The resource provides consumers with valuable advice and information on Guaranteed Approval credit cards, Unsecured credit cards for Bad Credit and other credit-related issues. The main objective here is to help people build good credit. Add Allison on

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