What I had heard in the past, was that if you had bad credit, you should pretty much forget about buying a home. I knew my credit was in the pot, due to medical probelms and that I chose to pay my living expenses and insurance first, before my credit cards. Of course in that period of time, I maintained my home (rent, never late and no bounced checks either) and insurance thru the COBRA plan. My credit cards on the other hand went down the toilet. Of course I started with several late pays, credit card company calling and most not willing to make arrangements, except for one. I made the mistake (I see now) of periodically paying a credit card something just to get them to stop harassing me. Needless to say I have several charge offs showing up on my credit report. As for the one company that worked with me, they were not paid, just like the rest, but told the same story (the truth as the others) about my situation. Eventually that one company that worked with me, was paid and recently doubled my CL and never once increased my interest rate. I am now in the process of clearing up my credit reports, with some sucess, little steps but happy. Had I not found this page, I would be looking at a judgment from Captial One right now, instead I read the posts, sent validation requests and attempting to sue the collection agency for violations. My goal has always to buy my own home and after reading the many posts on here, I feel perhaps I could purchase a home, instead of renting at some exorbiant fee that I pay right now for rent. I just don;t want the inquiries to lower my score any more than it is. I don;t think I can qualify for convential mort. Don't have the 20%, but can do 5% I have noticed that after I started the disputes and validation requests, I am now getting calls and letters for some accounts that are past SOL as well. Some of my accounts in collections, I know have wrong dates for DOLA, which extends the reporting date. I don;t have a problem with settling for deltion on some accounts to obtain a mortgage. Any suggestions of where i should start or what I could qualify for? My scores are 628 with Eq. thru the creditwatch service, up from 590. I have 634 with CE. TU, I cannot access online, but report from 3/1 was 595 Thanks in advance
