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If you have bad credit and sell your house to pay off your debt can you qualify to buy another house?
Wiki User
∙ 16y ago
Yes. The government has an inusred mortgage program called FHA. If you have paid off all collections and are at least two years out of bankruptcy, you may qualify for this type of financing. The Victory Financial Group has specialists that deal with just this type of situation. There are also many credit repair specialists that can clean your credit and delete bad records withing months for a minimal fee. Check out www.vfgllc.com or www.creditphysician.com or www.mortgageratesolution.com or www.vabankloan.com
Wiki User
∙ 16y ago
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How do you qualify for Debt mediation?
To qualify for debt mediate you would work with your credit counseling organziation. They in turn will work with the creditor to see if they are willing to negotiate.
What Types of Debts Qualify for Consolidation?
Many different types of debts qualify for consolidation, including credit card debt, store card debt, personal loan debt, utility bills, and so forth.
How much debt is necessary to qualify for a credit counseling agency?
A credit counseling agency is a good bet for anyone who is struggling with debt, no matter how much debt is on the books. The service they provide if only advice is good and sound.
Can a credit card defaulter get house loan after the credit card debt settlement?
yes
How much credit card debt do I need to qualify for consolidation?
Most debt consolidation companies advertise that you need $10000 in debt. There is actually no real amout, but less than $10000 and you are generally advised to pay it off yourself to save your credit.
You have a credit line and you are told that if you pay off the line over years it is not deductible If you pay it off in the year you use it it is deductible Is this right?
You cannot take any credit card debt or interest as a deductible on your taxes. Credit card debt is considered personal debt and does not qualify for tax breaks.
How does one qualify for Toyota Motor Credit Corp?
One can qualify for Toyota Motor Credit Corporation if one has no debt, has owned cars previously, and have a good FICO score. One can inquire about Toyota Motor Credit by asking at local Toyota stores.
Will your credit score go up after a cash out refinance on your home and you used the cash out to pay off all existing debt minus the house if so how long should this take?
For example, if your score is 600 and you have three credit cards with a house, your score may not change much because you are just exchanging one debt for another. The longer you pay on any debt, can help you increase your credit score. Increasing your credit score is a time sensative project.
Where can someone with a poor credit rating qualify for mortgages?
You can qualify for a mortgage with a bad or poor credit rating at your local bank or credit union. You may have to do certain things such as eliminate all other forms of debt you currently have or finding a co-signer first though.
Does medical debt from years past affect my credit?
Medical debt does affect your overall credit score. However, when buying a house or car, most of the time medical debt is not factored into the equation.
If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?
You have to, it is a debt...it is just a secured debt...by the lien on the property.
How do you make a debt on doodle god?
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
