Ways to repair credit and get a mortgage

May 14th, 2009 by Questions

hi i was wondering i havee a secured credit card and so does my wife they are in good standings but the limit is only 500 each .what i wanted to know is if i use them wisely will this help with my credit repair . we want to buy a house and we have been discharged since Jan 09. the broker said you need a loan of 1500 or more before they will consider you , do you have any other tips that i can use to get my credit back and running the thing is my credit was excellent before i went bankrupt i had a lot of r1 rating on my credit report and my car loan of 16000 is also in good standings . i realize that i need to wait 2 years so am i on the right track or could i be doing more thansk

Posted from: Ontario

Questions

One Response to “Ways to repair credit and get a mortgage”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

There really aren’t any secrets when trying to repair your credit. The process is very simply, you must get loans, keep up with the payment obligations under the loan and then replicate the process.

While this takes time, with a little effort you will find that by doing this you will successfully repair your credit and qualify for a mortgage.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)