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hawaiian slippersRepairing Past Credit Problems


Following a loan application, the lender will request for a copy of your credit report from the credit reporting bureaus. At this time, some blemishes may appear on your credit history. There are many reasons why credit problems occur. Some of the reasons could be that:

  • You were a co-signer on a loan that wasn't paid on time

  • You allowed someone else to use your credit cards

  • You may have thought your paid the bill

  • You thought your insurance company was going to handle the payment

  • You are divorced but your former had credit problems.

Whatever the reason, be assured that some lenders will work with you to find a credit solution! They have special programs and financing options that allow you to get a mortgage even with minor credit blemishes. It may also be the case where your credit report is in error. If this is the case you will need to contact the credit reporting agency and request a correction of the information.
It is always in your best interest to keep your credit report in good standing. Here are some helpful hints to maintain a clean credit history:

  • Never go over 90 days past due on any accounts

  • Keep your credit card debt below 50% of your monthly obligations

  • If paying bills after the due date, always pay within the grace period

 

 

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D o u g l a s / C h r i s t o p h e r

RE/MAX Honolulu . 1357 Kapiolani Blvd., Suite 870 . Honolulu, HI  96814 . office  808.951.3200 . fax  808.440.6612
Douglas Fischer . cell  808.497.3810 . email  douglas@HNLCondos.com
Christopher “Junji” Sumida . Japanese Speaking . cell  808.351.4730 . email  christopher@HNLCondos.com