Repairing Past Credit Problems

There are many reasons why credit problems occur.  Some of the reasons could be that:

     :: You were a co-signer on a loan that wasn't paid on time;
     :: You allowed someone else to use your credit cards;
     :: You may have thought your spouse paid the bill;
     :: You thought your insurance company was going to handle the
         payment;
     :: You are divorced but your former spouse had credit problems.

Whatever the reason, be assured that some lenders will work with you to find a credit solution!  They have special programs and financing options that allow you to get a mortgage even with minor credit blemishes.  However, it is in your best interest to keep your credit report in good standing.  Here are some helpful hints for your credit report:

     :: Never go over 90 days past due on any accounts;
     :: Keep your credit card debt below 50% of your monthly obligations;
     :: If paying bills after the due date, always pay within the grace period.