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I love the random interstitial clips of him shuffling papers and such. Especially at 2:08 lol.
Excellent explaination though; thank you.
I can not imagine anyone with good credit being stupid enough to co-sign for a complete stranger who has bad credit — no matter how big the fee! Frankly, people who need co-signers usually have already screwed up their own credit. Why would they care if they screwed up a strangers credit?
By the way, you might want to find a different mortgage broker. The one you have doesn't seem very bright.
Even if you get your score to the 620 minimum for an FHA loan, you still may not qualify. Other things are major considerations: stable work history, salary, debt to income ratio, downpayment and closing.
Instead of taking out a personal loan, negotiate a settlement on the defaulted debt. You can probably settle for 25% to 50%, depending on how old the debt. Lump sum gets the best deals. Payment plans must be short term. You might want to save up to make the offer. Get any settlement agreement in writing and do not give the collector direct access to your bank account.
That way you settle the defaulted account and don't add a loan payment to your debt to income ratio. You will probably need at least 24 months of consistent, on time payment history to improve your score. I don't think you'll be ready for a mortgage in only a year.
@alexwltr lol
Send a letter to each credit bureau disputing whatever negative the collection agency is reporting. It should take no longer than 30 days to get it cleared up. Good luck.
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The clearest and most succint explanation of bonds that I’ve ever heard. Bravo!
2:07 it looks like he’s saying “mum mum mum mum mum mum mum mummum mum”
amen to that
@angelenaorlandivbs how much does one cost?? but a really hot blond one??
is any one else aroused by this?
The US has defaulted on at least one occasion, when FDR removed promises to pay gold from all bonds.