How can I repair my credit?

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“How can I repair my credit?”.   Mortgage professionals are not qualified to advice you on correcting your credit.   A legal professional or someone specializing in that field should handle this.  Consider checking out the services offered by PrePaid Legal by contacting Jeff Flanzer/Ginger Greenfield at 805-640-9330.  A mortgage professional can sit down with you and determine whether you need to correct your credit or not.   Many times, due to common last names, or an error of one number on a social security number, credit files can be merged inaccurately.  A poor credit history, while unfortunate, does not eliminate  obtaining a mortgage loan.  However, you can be better prepared if you get a copy of your credit report to review before you apply for your mortgage.  That way, if there are any errors you can take steps to correct them before you make your application.  If you have had credit problems, be prepared to discuss them honestly with your mortgage lender and come to your application meeting with a written explanation.   Responsible mortgage lenders know there can be legitimate reasons for credit problems, such as unemployment, illness or other financial difficulties.  If you had a problem that's been corrected, and your payments have been on time, your credit will probably be considered satisfactory.  Also what you interpret to be a credit challenge and what lending institutions consider derogatory may be two completely different interpretations.  The loan professional that has made this information available to you specializes in assisting those individuals with less than perfect credit.  Whether it's a matter of negotiating with your creditors or simply including as letter of explanation, your loan professional in most cases can advice you on the best approach and help you get the house of your dreams!