Q&A: I need to borrow $20,000 to purchase home. How can I do this with bad credit? ?

Posted on Sep 5, 2024 in Stated Income Loans

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Question by Julie G: What does default mean when it comes to looking at a credit check?
A job that I was offered will run a credit check & I have a loan from 1997 , cialis 40mg a different credit union that was never paid.When I told the interviewer that I had a very low credit score she said thats okay we dont look at the score, unhealthy we look for defaults & judgements. On my credit report the loan shows that it was paid for a while then payments were stop, it shows no defaults or judgements.Do you think I am ok? Please help, serious answers only!! I am desperate.

Best answer:

Answer by The Advocate
default = did not pay as agreed.

What do you think? Answer below!
Question by tritanusa: I need to borrow , visit this 000 to purchase home. How can I do this with bad credit? ?
I need to be able to borrow $ 20,000 to buy a home. The price is only $ 20,000 for a 2br, 2ba stick built home on 2 acres. It has a 2 car garage. It needs allot of work. I am self employed so getting a regular home loan is hard. Any ideas?

Best answer:

Answer by jeremy newman
If banks wont loan to you see if the current owner will owner finance.
Do some research on owner financing.
Also what is the property worth right now?

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One Comment

  1. owner finance, loan shark, family, etc