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Bad Credit
Repair
Many people have suffered damage to their credit for one reason or another.
Sometimes it was not in our control to stop it from happening & other times it might have
been. In either case if you want to repair or just to improve or increase your credit score
you will need to understand your credit file. You may need to meet with the loan officer who
would like to help you in the future when it time to purchase or refinance.
Again, having a plan, understanding your credit report file, & taking action
are all needed to help you get back on track and repair your credit. Time will be on your
side in a rent to own, lease purchase option, or owner finance because two things will be
happening during this time.
First, you will be building equity through rental credits, mortgage pay down,
etc as well as through market appreciation of your rent to own home. Second, over time
negative items in your credit file will affect your credit score less and less. Some negative
credit items might even fall off. Also, you may be able to settle or payoff most of the
negative items which were hurting your credit score to begin with but just make sure that
doesn't give them a newer date in your credit file.
You also have the opportunity to replace bad credit with good credit which will
be showing more recently on your credit report file. Establishing new, good credit will have
more & more of a positive effect over time. A few ways to re-establish your credit is
with secured or unsecured credit cards, car loans, and loans with monthly
payments.
3 Important Things You Must-Do When Buying a Rent To Own or Lease Purchase
Home
1. Educate yourself on the process of buying with no credit using rent to own,
lease purchase option, etc.
Find a program that explains the rent to own or lease purchase option home
buying and selling process to you in depth. This way you will so you know the advantages and
disadvantages offered by a seller or buyer. Whether its your first home or you want to start
buying homes without a lot of cash & no credit it is important to understand the process.
We personally recommend these programs because many of our clients have had success using
them.
How To Buy
a House with No Credit Check eBook (Best Value)
Discover How To Buy
or Sell Any House, In Any Market, In 30 Days Or Less! (Lowest Price)
2. Start monitoring your credit with a reporting service. Make sure there are no
inaccuracies and as you rebuild your credit make sure that it remains accurate. Protect your
identity and be sure nothing appears on your credit report that isn't yours. Always use a
tri-merged or tri-bureau credit monitoring service because that's what lenders, banks, and
mortgage companies do.
Monitor Your FICO® Score at www.myFICO.com
3. Learn more about how credit works and how you can repair your credit file
legally. Identity Theft is on the rise so consider protecting what you build with a service
like LifeLock. If your work with a credit repair consultant you can easily pay $300-$1,000 so
make sure you know what services you are going to receive for the fees you will be paying. If
you would rather a professional credit repair company assist then we recommend the Lexington
Law Firm.
LifeLock - Identity Theft Services
Lexington Law Firm -
Repair Your Credit Legally Online 
Thank you and take care,
Isaiah Fox, The ALLRentToOwn.com Team
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