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Your Credit Can Be a Mystery

Your credit issues can be corrected, it may take a little time and persistence but it can be done and I can help.

For the past year I have been working with Amy to get her credit to a point that she can qualify for a mortgage. A little history: divorced, mother of two, working full time, plus has a small home business, paying $1,300 rent and wants to own her own home. As part of the divorce agreement, she ended up with responsibility of paying all the credit cards. They were not huge balances, but a dozen accounts. She couldn’t make all the payments, so she stopped paying most of them.

That is good news and bad news. The good news is the ones that she was paying reported positively to the credit bureaus, the bad news the others were hurting the credit scores a lot faster. The fixing process can be overwhelming. I coached her to start working on the smallest problems first. $4,800 later, all the derogatory credit has been resolved.

We started with a mid score of 528 to being 120 points higher. She has made two offers on homes and is getting close to becoming a homeowner. Her monthly payment will certainly be less than her mortgage payment. Anyone can get to credit fitness, once they are committed, just like Amy.

Do Your Buyers Need Help with Their Credit Fitness? By: Monica O’Neill

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

The Truth October 01, 2012 at 01:38 PM
Lol, I agree, but don't single him out there are a bunch of these types on here.
Jim G. October 01, 2012 at 01:53 PM
Most aren't quite so nakedly commercial or prolific. I don't mind a local business owner posting useful information; it's this cheesy tactic of cross-posting a link to another blog or article (sometimes unrelated or even contradictory) with a few words of self-congratulatory blather attached that I find to be a waste of space. I've no doubt JP got it from a seminar on Secret Ways to Promote Your Business - it has that formulaic feel.
Patrick Herring October 01, 2012 at 01:58 PM
AOL Patch should create a new type of blogs, called blog-mercial or something like that, and put Joe's nonsense in this category. If his business takes off, and I imagine it should due to low interest rates, he would not have time to "write". But then... may be his writing drives people to someone else for their mortgage needs.
The Best Patriot October 01, 2012 at 02:02 PM
Good Post. JP is sure full of himself.
Jim G. October 01, 2012 at 03:38 PM
Sorry, I don't agree. There are many articles on Patch of little interest to me and I do simply skip them, as I'm sure most Patch readers do. These frequent posts by Petrowsky are a different animal: 1) Most have no useful or interesting content at all, just a few paragraphs of blather about some service that JP *JUST HAPPENS TO PROVIDE* an how great he is at providing it. 2) The articles he link to are of dubious quality or interest and occasionally completely contradict his own additions - he appears to choose them by title alone sometimes. 3) When he isn't writing vague ad copy, he's writing extremely partisan ranting that just sets off another 100-post taunting match. We have plenty of those from legitimate articles, thanks. 4) His whole effort is so nakedly self-promotion that 1-3 hardly matter. I don't have much patience with the whole insurance/financial/service industry that can only function by working every channel to churn up enough clients to survive, because most of their efforts result in this kind of site-clogging drivel. If he wants to promote himself and his business, Patch has an ad department waiting for his call. If he wants to write material that's actually interesting and informative, Patch has an audience waiting. It's the blurring of the two and the resulting barrel-bottom quality I object to.

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