| Many people at one point or another go through some | | | | getting back on your feet, be sure that you are diligent |
| type of financial difficulties in their life. Some of us may | | | | on making your payments. Getting a bad credit |
| have experienced an illness ourselves or with one of | | | | mortgage loan usually requires you to have 12 months |
| our family members that may have resulted in a loss | | | | of on time payments. They want you to show that |
| of job or income. Life can be hard. While you want to | | | | you are in a better financial situation and are ready for |
| be committed to doing your job sometimes there are | | | | the responsibility of a new debt.o Check your credit |
| things that are more important. There are times when | | | | and make sure that any negative marks are indeed |
| we don't have a choice and our hours or pay may be | | | | yours. You should not have to pay for others bad |
| cut. When tough economic times arise it can also be | | | | credit. If you find a discrepancy on your report contact |
| hard to find a job to supplement your income. Many | | | | the lender and the credit bureau to dispute the |
| others are looking for a full or part time job for the | | | | charges. Also remember that there are 3 credit |
| same reason. Some times there are just no jobs to be | | | | reporting agencies and you will want to check each |
| had. The problem is that our credit report does not | | | | one thoroughly. The agencies are TransUnion. Equifax |
| reflect why we may have fallen behind on our bills. | | | | and Experian. You are entitled to get one free credit |
| Although we may have spend years improving our | | | | report each year from each agency. Go to to get this |
| credit score it can be destroyed in months. | | | | free report.o Write letters to the lenders explaining |
| After you get back on track with your job and are | | | | why you may have a low credit score. The agencies |
| more secure in you financial situation you may want to | | | | don't take this into consideration but your lender may. |
| buy a house. However you know have a lower credit | | | | Be detailed about what happened and how you have |
| score and bad marks on your report. Can you still get | | | | resolved the issue. This will show that you are |
| a bad credit mortgage loan? The answer is yes, but | | | | concerned about your credit and are responsible for |
| with a lot of work on your part. | | | | your debt. |
| Before applying for a mortgage loan with bad credit | | | | Although getting a mortgage loan with bad credit may |
| you should take some steps to do the best | | | | be more difficult it can be done with a little time and |
| presentation you can for the mortgage lenders.o After | | | | effort on your part. |