Buying with Bad Credit
(2007-09-13 )
If you want to buy a home, but have bad credit, you are in a very tough situation. However, home ownership is still possible.On average, most people in the US now carry about $8,000 in credit card debt. Bankruptcy rates have soared. Credit counseling agencies have lots of business. So, if you are in this situation you are not alone.Unfortunately, if you have filed for bankruptcy it stays on your credit history for 10 years. This can significantly lower your credit score. If you can avoid bankruptcy by working with a credit-counseling agency, it's usually your best bet. Be sure to pick a reputa...
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