Damaged Credit Help

Your past credit history and how you have handled past credit is important. Especially in light of past lending practices, most lenders will argue that this is the most important criteria in mortgage lending.

If you have had past credit issues, one of our professional loan consultants who understands the mortgage underwriting process from a credit perspective can help. A credit report is black and white. A lender who does not have an insight to your personal circumstances will assume the worst. The report provides a black and white assessment of the current amount of outstanding debt and the payment history for active and prior debts.

Each credit reporting agency lists the information it has for all of your debts in a report. In most cases, the report will have a credit score assigned. The information on each agencies file may be different and in some cases the mortgage lender will pull credit reports from all three agencies, TransUnion, Equifax, and Experian.

The credit-reporting agency relies on its own files, various national repositories of credit information, and public records to complete the report. The report may include the following information: loan type, account number, open or closed status and dates, highest and current balance, and monthly payment. Errors can and do exist within the agency's databases.

We will order a report for all applicants on the mortgage loan application. We will always need your full name, date of birth and current address for each applicant. After looking at your credit report, we will confirm the information on the report with you. In the event of misinformation, a professional loan consultant will advise the you on how to best repair the incorrect credit information. One of the chief advantages of using a our credit help program is that you can confirm and address any misinformation before it enters an underwriters hands. After taking a look at the credit situation as a whole, we will also advise on how to strengthen the application so the your best case is placed before the underwriter.

A conversation with with one of our professional loan consultants can help avoid you making a major mistake in applying for your new mortgage and help you to get the credit you deserve today!