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I have poor credit due to a repossession & an unpaid phone bill, will someone finance me or rent to own?

by zoeydog558 from Exeland, Wisconsin. Apr 17th 2017 Reply


Joe Becker (JoeBecker)
#60 ranked lender in Minnesota - 55 contributions

Good evening! Depending on what your credit scores currently are, you may still be able to get financing. Contact me and we will run through some scenarios and go through your financing options. Thanks for inquiring with PLS!

Apr 17th 2017
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

Get in touch with a Loan Advisor to review your credit.

Apr 18th 2017
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,483 contributions

Maybe... It depends how poor it really is. if you know a score, and it is below 620, I would tell you to work on improving credit first. If over 620, I would tell you to apply and see. For loans in WI, MN, SD, visit me at www.WI-MortgageBroker.com

Apr 18th 2017
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David R Youngs - Assistant Vice President (DavidRYoungs)
#66 ranked lender in Minnesota - 47 contributions

When you have lower credit, it becomes less about the score itself and more about what your credit profile looks like as a whole. Also it would be important to learn what other factors in your financial scenario are involved (Ex; timing, job history, assets, etc.). The only way to know with a strong certainty would be to have a conversation with a loan professional to examine and advise on your credit. If you would like a FREE review, please feel free to contact me at 866-680-2840 Ext 12 or email at dyoungs@progressivels.com Thanks for the question!

Apr 18th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,874 contributions

Much more info required to answer your question.. Without looking at your complete loan profile, it's impossible to advise you correctly.. But in short, lenders look at many things when determining one's eligibility.. Credit scores, income, debt, derogatory events, etc.. having a few isolated bad instances, might not be a deal breaker.. but again, we need to see the whole picture, not just a few bits.. For this reason, I suggest you contact a mortgage bank/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Apr 18th 2017
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