Bad credit rating can be gut-wrenching and humiliating ... we have options!
"Life is what happens when you're busy making other plans." ...and sometimes things get out of control. A bad credit rating can be gut-wrenching and humiliating as well as just plain bad news. We see all kinds of credit ratings every day and we have the strategies to help improve and even heal, damaged credit. You may be surprised to know that you can still obtain a mortgage. Whether you've had a bankruptcy or your credit is only slightly bruised, you can obtain financing.
As mortgage professionals, we have access to non-traditional lenders who offer financing solutions to individuals who have some credit challenges that cannot be addressed by the major financial institutions. Together we can quickly assess your situation and decide on the best way to move forward. The worst you can do is do nothing.
CREDIT TIP - Apply for a Secured Credit Card
If you have:
1) never had a credit card,
2) been denied on a credit card application,
3) a bruised credit history, or
4) ever wanted to use a credit card like a debit card
...there is an alternative! It is called a "Secured Credit Card" and unlike the more common "unsecured" credit card, you are required to make a deposit with the bank equal to your credit limit. The secured credit card issuer (i.e., the bank) normally reports to the credit bureaus so you will be establishing, or taking steps to re-establish, your credit history.
If you wish to apply for a secured credit card, here is one we recommend.
Peoples Trust MasterCard
*Subject to approved credit, income verification and meeting lending credit granting criterea. Applies to residential mortgages only and some conditions may apply. O.A.C., E.O.E All content is subject to change without notice.