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Updated over 1 year ago,
HELOC and Credit building
Been working on my credit for close to 2 years now. With covid, and work changes I got buried in credit card debt and behind on bills. Now my credit debt is gone, and paid off auto loans. Just got accepted for my first credit card since I put my foot down to get out of this hole. My credit is still not great. I'm trying to prep to buy a house then probably do a HELOC on my current home. So from what I can tell I need my credit over 700, but is it out of the question to expect to be able to get a conventional loan on a new home, then a HELOC on current home to prep for renting around the same time with a shaky credit history? Also any advice for rebuilding credit in a short time? Working on my debt to income ratio. And planning to do a 20% down on the new home.