Credit Reconstruction

Part of the RENT-TO-OWN concept is based on your ability to clean up your credit and finances over a period of 1-3 years when you can buy the house you are living in. Once you move in to your new RENT-TO-OWN home, you want to go to work immediately working on making your credit better and even repairing any bad credit you might have. Here is what you want to do:

Repair past bad Credit - There are many services available that will help you remove a lot of the bad stuff that may be on your credit report. Some sellers will make it mandatory that you work with a company that specializes in this. You will be amazed on how much they can raise your credit score, also known as your FICO.
Start creating new good Credit - There are many ways to develop credit. By buying a RENT-TO-OWN home and making all your payments on time, you will develop a great credit history which a lender will look at when it comes time to buy the house for yourself. In fact, with more than one years worth of "on-time" rent payments and a good enough credit score, you can simply re-finance the house you are living in instead of buying it like a new purchase. This means that you will not have to come up with any down payment. AWESOME!!!
Other techniques include consolidating debts, paying debts off and using credit cards for all purchases and paying them off EVERY month!

Credit Repair and Loan Processing

Steven L. Padgett
Heard daily on 1190 AM, NBC radio
Senior Loan Officer - Security Mortgage
480-250-1833
Steven@SecurityMortgageCorp.net