Credit

United States
May 21, 2016 9:11am CST
So I am wanting to buy a house within the next 5 years. However, I have pretty bad credit for the most part. I have some student loans and other little things. They say it is really hard to bring a bad credit score up. What are some things I can do to raise it. I believe I have a 633,last time I checked. Will it take more than 5 years to bring it up?
1 response
@yukimori (9072)
• United States
21 May 16
It's not hard to bring a bad credit score up. You need to make payments on time, pay off debts as quickly as you can, and increase the amount of available credit you have while lowering your debt-to-income ratio. There are other things that you need to do to prepare to buy a house, too, such as saving up the down payment. You might consider talking to a local loan officer who can help you identify areas you need to work on and come up with a workable plan that will let you make that major purchase within your timeframe.
• United States
22 May 16
I have a few student loans that are deferred. Does that play a big part. I do have a credit card and I pay that on time.