What are my chances of getting a loan with bad credit?
I had no choice but to default on several credit cards, utility bills and a home back in ’03/04. Since then I’ve been making peon money ‘under the table’ so it looks like to the world I have no job. My mom passed and left me a small inheritance, I would like to buy a house and will need a mortgage loan. I’m putting down 50% for payment which is all I have. All that stuff is going to show up on my report? If I even get approved my Interest rates will be sky high. Should I even bother? Or stay where I’m at and wait for the negative stuff to go away? I’m afraid to do a credit report myself because I don’t want the collectors to know where I’m at. My sister has a credit score of 780, Mine I’m afraid to find out, it’s probably 78.
Note to Delilah.
My exhusband got into meth and was sqaundering the money I was trying to pay bills with. I had no choice but to leave when he threw me around the house. Then he threw me out of the house at 3AM because I refused to hand over more money. The house was in both of our names and he never made a full payment himself. he was a nice guy at first but meth does bad things to people. Yeah I was trusting and stupid. Isn’t everyone at least once?
Maybe you should look at the real world. I’ve been cleaning horsestalls and housecleaning for Four dollars an hour so no, my life hasn’t been cushy. In a perfect world I would’ve avoided that guy all together. The house I want to buy is not much more than a run-down fixer upper not some Malibu mansion.