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A HERETIC I AM

(24,839 posts)

7. I had a low credit score for years and was unable to buy a home.

Tue Nov 11, 2025, 01:53 PM

Tuesday

Want to know what I did to fix it?

I stopped doing the things that got me the low credit score to begin with.

Now I realize that shit happens, and people miss or are late on payments. I get that. That's what happened to me. But getting out of the hole was something that I did too.

I went from the mid 500's to over 800 and have kept the 800 scores for almost ten years now. I bought my first home in my entire life 4 years ago this summer when I was 62. And as luck and good timing would have it, I got my loan and my interest rate on my mortgage at the absolute bottom of the market.

It sucks being poor. I know, as I've been there. And I'm still just a truck driver so I am by no means rich, but bad credit is not something that absolutely has to stick with you for the rest of your life.

People can fix it, it just takes time and discipline.

Fannie Mae and Freddie Mac are government chartered corporations. They shouldn't lower standards just because they can.

There are better ways to fix the housing shortage and the standard of living of Americans.

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Highlight:

Fannie Mae to Drop Minimum Credit Score for Homebuyers [View all] uponit7771 Tuesday OP

Here we go again... Ocelot II Tuesday #1

I already saw the ending to this movie. Irish_Dem Tuesday #26

Add in 50 year mortgages, and what could go wrong? Nt Fiendish Thingy Tuesday #2

On top of the risk this implies (as you suggest) due to parallels to the 2008 catastrophe AZJonnie Tuesday #3

We're in real trouble when they start handing out second mortgages. Johonny Tuesday #4

Great. Another Dem POTUS will bail out banks leftstreet Tuesday #5

Surprising we're against people with low credit scores getting considered for a mortgage. Silent Type Tuesday #6

I had a low credit score for years and was unable to buy a home. A HERETIC I AM Tuesday #7

"I stopped doing the things that got me the low credit score to begin with." Maru Kitteh Tuesday #18

That's how our credit rating died, in mountains of medical debt. hunter Tuesday #29

Um, folks about to lose their medical insurance! MerryBlooms Tuesday #20

Unfortunately, we all pay when these mortgages go into default Totally Tunsie Tuesday #8

To a libertarian, there's no such thing as a negative externality Prairie Gates Tuesday #13

Because it generally means that the borrower can't afford the loan. hamsterjill Tuesday #10

I recall one of the most infamous tricks of the time: Totally Tunsie Tuesday #15

Surprised you're against protecting them from lenders leftstreet Tuesday #11

The only sacred principle is that all borrowers should have the choice to be exploited Prairie Gates Tuesday #14

All DUrs are against low credit score holders being exploited uponit7771 Tuesday #16

If you consider someone finally getting a house exploitation. I don't. Silent Type Tuesday #17

Someone who can't afford it getting one? Yes ! You know that already and are talking around obvious concerns... uponit7771 Tuesday #19

620 doesn't mean you can't afford it. You deserve an evaluation. This doesn't guarantee a loan, just consideration. Silent Type Tuesday #21

Known known, credit worthiness doesn't express affordability, don't see the point in expressing the obvious? Bottom line uponit7771 Tuesday #23

Trump is proposing to fix serious problems with bandaids. snot Tuesday #31

No question it's bandaids. So was $50K for a down payment. Silent Type Tuesday #32

This is why Grants and Grant City went out of business. QueerDuck Tuesday #9

When these people, go bankrupt or get behind in payment all these corporate companies will snap up the housing kimbutgar Tuesday #12

That doesn't Rebl2 Tuesday #22

Thin credit files shouldn't disqualify otherwise qualified borrowers. flvegan Tuesday #24

Right, no credit can be worse than bad but their earning history kicks in for housing usually. I'm not trusting these .. uponit7771 Tuesday #25

The fear that they'll qualify borrowers they shouldn't flvegan Tuesday #27

I Felt Very Sorry For People Last Time Around OC375 Tuesday #28

I have seen so many young people buy more redstatebluegirl Tuesday #30