Past Credit History and Loan Requirements
April 19th, 2010PAST
A: Credit History
CREDIT REPORT:
Items recommended to remove off of your credit:
Collections
Foreclosures
Inquiries
Charge-Offs
Late Payments
Public Records
Tax Liens
Bankruptcies
Judgments
Repossessions
CREDIT HISTORY:
REQUIREMENTS FOR A HOME LOAN:
-Chapter 13 BANKRUPTCY:
There must be 12 consecutive months of on time payments on all accounts
(including utilities, cell phones,etc) from the filing of the chapter 13
bankruptcy.
-Chapter 7 BANKRUPTCY:
There must be 24 months of perfect credit from the
disposition of [...]
