i wanna buy a house and pay off all my debt for 2 years ago but my credit is bad so i cant, what can i do???

only thing you can do at this point is pay off your bills/debts BEFORE buying house, save extra money; take on a second job until you can get your debts under control and then focus on purchasing a home....

Home loans are now available to many people for whom they would have been out of the question just a few years ago. You’d be in much better shape to bargain for better interest rates if you had a more impressive credit history, but if the house you want is the deal you<!--believe it to be, a bad credit home loan can still work to your advantage.Your best bet in assuming a bad credit home loan is to pay as much cash up front as possible, and see if by doing so you can negotiate a lower interest rate.

http://best-loans.awardspace.com/homeloans.htm

http://mortgage-loans.awardspace.com/

You’ll save enough money over the term of the loan to compensate for the sacrifices you had to make in handing over the down payment.

The bad credit home loan can be a win-win proposition for both lenders and borrowers; the lenders, thanks to the higher-->interest rates, get bigger returns on the money loaned, and the borrowers get a homes in which to build equity, and chances to restore their credit records so that the first bad credit home loans they take will also be the last!

you need to make more money to get get of that bad debt. If you have one credit card that has a significantly lower interest rate put all of your debt on that and start making the biggest payments you can afford (and that means lots of peanut butter and jelly sandwiches for breakfast lunch and dinner). Remember, anything that is truely worth some requires sacrafice. I would talk to a mortage broker about what you specifically want to do, as far as how much you need for income and how much you need to have saved in two years. they should give you a better idea of exact numbers.

i'm not so effective you listened to each thing those brokers advised you, besides the shown fact that that's extremely not likely which you will have the means to strengthen that 550 score sufficient to qualify for a loan, exceptionally with your history. FHA demands a minimum 620 FICO score yet maximum lenders want a minimum of 640 and a sparkling credit document -- meaning all those defaulted bills resolved. It seems such as you have diverse defaulted money owed that are in undemanding terms a pair years old. you truly could barter settlements on those defaulted credit playing cards. you could have the means to settle for 25% to 50% in a lump sum. ignore charge plans. Get any settlement settlement in writing and don't supply the collector direct get right of entry to on your financial corporation account. you'll want a minimum of 24 months of continuous, on time charge history to strengthen your score. One mastercard and a pair of vehicle loans isn't sufficient to do it in purely one 12 months. Your credit remains going to be iffy. a extensive downpayment is going a protracted thank you to offset iffy credit. you could additionally understand that possessing a house is not greater value-effective than renting. you have an incredible form of extra expenses that renters have not got. issues like all the utilities (water, sewer, gasoline, electric, trash series), sources taxes and checks, recurring maintenance and maintenance, etc.

It is really dificult to say with more details on your personal situation. There are several options out there. Your best bet is to contact a financial counsalor or even a mortgage loan officer. Either one can look at your credit report and personal situation and let you know your options for little or no cost.

You might want to review your situation with a housing counselor or credit counselor. Some nonprofit agencies provide counselors trained in both.

get a second job - it you already have bad credit, you'll never get a loan

So you're gonna get out of debt by borrowing more money? It doesn't work.