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Old 09-17-2007, 05:27 PM   #4 (permalink)
Rick B
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Sure you can, but it won't matter.

The fact that you rented a washer and paid twice the price by the time you were done does NOT show good judgemnt.

I am pretty sure those places don't report to credit bureaus, so all of that probably did nothing for your credit.


Based on your question, I highly doubt that you are ready for a home.

Start saving until you have AT LEAST 10% to put down plus a CASH EMERGENCY FUND of at least three month's expenses. Build up your credit, THEN look at a house.

If you have bad credit, you will get a horrible interest rate and end up paying a fortun in interest. You alreday did that with your rent-to-own stuff. Start being SMART about how you are using money.

Also, most high risk mortgages are gone. Have you read the paper or watched the news this month? There are probably not going to be many sub-prime loans given out in the near future.
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