There is Russian saying (in my free translation) "Friendship is friendship, but keep your money separately", something like that - you get the meaning.A retired soldier I knew gave me another version, "Trust them with your life, never money or your wife."

Sure, if you have a credit score of 550 then you do not deserve a home loan; Plain and simple, but why are banks never to blame?

He has a month or two of 30 day lates, but also has not been paying his credit cards, and other bills, and his credit score has taken a HIT.

WithCredit Solution Repair and dispute credit you will increase your credit score in just a matter of days!

I'm in the same boat about being a passive investor "for now" I think it's a great plan at first.Since buy & hold is your thing, be sure to take this time to cultivate your credit score, lower your DTI ratio, and save up some down payment funds.

My credit score now is about 720 mid scoreThe one thing that I have seen is that because values are so low in Detroit, trying to find a place/company/entity that would be willing to loan on a property under $50,000 has been a challenge.

Credit score wise I think its about the same.

For newer members, votes used to add points to the poster's score back when a score was being kept; that is no longer the case.

But hey, if you scored a deal or two during that time, you may have no problem with that.BTW, thank you for your service to our country.

There are no more people with 500 credit scores and a part time job at Burger King buying houses.