Quote:
Originally Posted by gomcse2002
Hi there
My friend has very bad credit history. Is there any company can help my friend to re-establish his credit history ?
Please kindly advice ASAP.
|
Quote:
Originally Posted by LookitsMarkA
tell him to talk to a financial advisor from any major financial institution. theyre pretty good at these things
|
Quote:
Originally Posted by DaFonz
Assuming he has paid off his debt.
- Get copies of reports from transunion and equifax. They are free once a year. Figure out what's on the actual reports. Make sure things arent' reported incorrectly.
- Get a secured credit card from a reputable company (e.g. capitalone). Be responsible with it and pay it off on time.
- After a year, transition into a normal card. Be responsible.
- Wait.
|
http://www.revscene.net/forums/69619...my-friend.html
Additionally..
Quote:
Originally Posted by El Bastardo
The following is a submission from an anonymous Revscene member
......In terms of the apartment it is about 300k and I have enough to pay for half myself so I need to borrow about 160k to 180k from the bank.
|
you have 120k/300k saved up for a down payment? You realize that is 40% down payment? You know the CMHC requirement is 25%? with 40% down, the bank has decreased it's risk like no tomorrow. What's your salary like? If you make decent coin - you have made up more than enough for the low credit score. Get a mortgage broker and shop around...
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
|