Anyone can be ok. You just have to consider the interest rate, closing costs (they will all have some kind of closing cost) and the time frame you are wanting the loan for.

If you are looking short term you will want to be more concerned with the closing costs. If you are thinking long term you will want to be more concerned with the interest rate.

Whenever you receive your paycheck pay 20% towards your debt, live off 70% and place 10% towards your savings.

Avoid using your credit card for new home purchases, never go into debt to pay debt and do not touch your savings.

If you cannot afford your lifestyle off 70% of your income you need to sacrifice a few new home luxuries. It is not worth the financial stress.

It all depends on your interest rates. General rule of thumb, stick with the highest fixed interest rate. If you can make 5% in investments, and only pay out 4% to pay down date, then put your extra money towards the investment and you’ll make a free 1%. If you have high-interest credit card debt (10%) and can’t make more than that in investments, then pay down the debt. Some credit card companies offer you balance transfers of low interest rates for the life of the loan. You may want to consider transferring your debt to a credit card with a low fixed interest rate. The best thing I can suggest is to see a financial advisor. Any costs would be explained up front, and they can help you map out all your options, how to avoid unneeded taxes, help you prepare for retirement, etc..

Laura, visit and listen to his show. Look around his website. Crown Financial is another good one to go to. Be cautious.

If this was before hand i would have been like,
“just dont get one”
sorry i couldnt help.

Not sure where you are or what the real story is but here’s the scoop.

There is nowhere on God’s green earth that you are responsible for debt as an authorized user. Negative credit as an authorized user will not affect your credit (even before they changed the system) and as of recently, positive credit will not affect it either.

What broker would attempt to consolidate debt that is not yours, what lender would finance it, and what escrow company would cut a check for it? NONE!

If you are just an authorized user, dispute it and be on with your life; It’s not yours and impossible for you to have consolidated it anyway!

Since the collections were not a lien on the house the title company is not responsible for the payoffs, they may be able to help you track them. They most likely cut the checks but they won’t be responsible for them getting there. If they did cut the checks they should be able to see if the checks were ever cashed.

I am pretty sure the title company would have cut the checks and not the mortgage company. Call your broker and see if they can help.

Your broker is a liar. You couldve disputed and been done with it inside 90 days. You write 1 seperate letter for each debt to the credit agency. They respond in 30 days and either take it off or leave it on. If they leave it on, you write another letter telling them to give you physical evidence of the debt. Then within 60 days they usually either do that, or get rid of it. You’d of been better off paying 20 or 30 dollars for a credit repair book and 5 dollars in stamps and envelopes than paying 6900 to your broker. You would also have been better off paying a lawyer 2k to 3k to have them clean your record also. I dont know why when you refi’d you just didnt get a check though and send the money yourself. But i suggest maybe you try the escrow company and ask them what they did with the money that was supposed to be sent.

Edit* Poster just sent me a nasty email, but since she is blocked im just going to have to post here. You spent 6900 for a broker! HAHAHAHA I bet he is laughing his ass off at you. You have no idea how to manage money thats why you are so in debt and have to refi and keep getting loans. Im sure with how bad you are at money you will be one of the many people that get forclosed on this year. All you had to do was buy one 20 dollar book( maybe even get it for 10 dollars used on amazon) but you let some guy talk you into giving him 6900! HAHAAHAHAHAHA

pay it all off now, unless you like paying interests which only means you’ll pay pay twice the amount by the time you finished paying.

The title company should have paid from the loan proceeds all of the pay-outs shown on your closing statement. Check each line item on that closing statement and determine if the credit accounts are listed. If they are, contact the title company and ask the manager why the debts were not paid, and if they were to send you written documentation of the payments.