My score is 620 nothing outstanding but my student loans are killing me. I cant get approve for a house

like
Posting as :
works at
You are currently posting as works at

Mine is 643 and it’s about the same. It’s almost impossible to do anything with student loan debt.

like

Soooooooo freaking frustrated

like

You are not alone! It is really frustrating. So many of us, and almost all the homebuyers we work with, are working on student debt.

Here’s the good news: of all the factors involved in buying a home, credit score is the one that many folks can make big improvements on within a relatively short time period. Everybody’s situation is different, but there may be some small and concrete things you can do to get your score moving in the right direction.

The National Foundation for Credit Counseling has free certified credit counselors you can talk to for more details: https://www.nfcc.org/

In addition, as consumers, every year we are entitled to one free copy of our credit report. I just got mine for the year -- I think it can be a helpful practice to review your report in depth and see if everything is as it should be. You can learn more here: https://www.ftc.gov/faq/consumer-protection/get-my-free-credit-report

Note I am not a financial advisor I recommend seeking advice from a licensed financial professional

Related Posts

How does one get into trading from positions elsewhere in the bank? What would impress you most about candidates attempting to do so?

like

Any A&M folks here? Wondering how benefits / 401k compare to Big 4

like

Crypto, any idea about Shiba Inu?

like

What are the best platforms for investing in startups as a non-accredited investor? (E.g., pursuant to the JOBS Act and CF regulation)

like

Keen to buy first home in Dubai but skeptical given the uncertainty around the global economy albeit high oil prices which is a positive for the region. What are people thinking? Anyone here from middle east?

like

I’m looking to buy my first house later this year and I have a few different ideas on how to go about it. Would love some input.

What’s the most you would feel comfortable spending on rent in BH/WeHo for a 1bed at $250k TC and no debt?

likesmart

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

likefunny

Hi everyone

Is there any disadvantage if I get relieve on Friday compared to on Monday?

What I am thinking is I will be loss pay for sat and Sunday?

Actually my last is 27th
I asked for a week early relieving so thinking about this.

Thanks.

like

Looking for some therapy, frankly. Somehow I've tied my self worth to my salary over the years. About to take a pay cut and having trouble accepting it, though I know extra time and overall balance will be worth it. Help!

likehelpful

why rent over buy; seems like “throwing money” away?

like

anyone in here strictly.service 401K plans on the independent side? how much can you make on that realistically with a medium size AUM book being currently managed? trying to determine if meetin..

like

Any of you have parents who have never invested in the market or set up 401k all this time? They are very close to retirement (in a couple years) but I am shocked that they’ve kept their life savings all in a checking account😭 just found this out and don’t know what to do

like

Anyone took personal loan from HDFC !!
What are their interest rates and charges ?
Which bank is best for personal loan considering all charges/ interest rates and all ??

Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

like

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

like

What motivates you to start or keep up a side gig? Is it just having more income or a specific financial goal?

like

How did you learn how to invest? (Stocks, Bonds, wtv) I am a newbie to investing and would love suggestions on helpful resources.

like

Received a letter from Wells Fargo today. They are offering a refinance of fixed 30 year mortgage at 3.5%. I have no idea how they can do this judging by today’s interest rates. Currently my interest rate is at 4.5%. Judging by Wells Fargo sketchy history, I don’t trust it, however has anyone else gotten this offer?

like

Let’s share with each other how we are making or planning on making that income .
It is a strange time we live in but it’s time to hustle up .

like

More Posts

I didn't apply for a job that would have set me up for the future in the government. I wouldn't have to worry about money or future jobs. My boss had just given me a small pay rise and talked up the future and so I felt good. I now severely regret not applying for the job and cannot stop thinking about it to the point of insomnia and depression. I even contacted the employer but too late. It's a small town and rarely anything comes up. I hate myself and feel like I failed my family. :(

like

Currently in a committed relationship and just came to the realization that I have actually never been single in my life. Sometimes I wonder what the single life is like.. just dating and doing whatever I want without having to think about a partner. Any one else ever felt like this? Or been in this situation?

funnylike

where my canadians at? how strict is covid there? my friend is in toronto for work and the hotel found out he has covid. now they’re locking him in his room. is that legal? if so, what’s the protocol to break quarantine? hotel wouldn’t answer 🫠

likeuplifting
like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Not able to clear Independence Training for new joiners can anyone help how I can clear this?

like

Recommendations for books and podcasts on business, strategy, management, etc. that have helped your career?

like

Been with D for 8 months. This is my 2nd job in 2.5 years but thinking of jumping ship with all the lay-offs in my area. Will I be seen as a job hopper? Really like it here don’t want to be laid off.

like

Whoever came up with Prince Chedward is my hero.

Post Photo
likefunnyuplifting

24.5 LPA for a solution architect role in TCS.
Is the ask is high or low for 8+ yoe with javaa, aws

like

Help! Any philly activation company recos?

Photo for attention:

Post Photo
like

I have had salary discussion and the Hr provided me the salary breakup on 5th August, I have accepted the the offered salary, how long will it take to receive the offer letter for TCS.

I am looking for a new role where I can work remotely globally. I’m currently a “ministry assistant” which is essentially an executive assistant/admin/customer service rep all in one. I’d love to expand my skills and work outside my current work world (I currently work in a church). Does anyone have any leads?

like

My Partner doesn’t like me personally but he needs me on his team due to my knowledge and relationships. I have an offer for 15K more than I currently make. Should I ask him to match? (B4)

like

Anyone from EY Singapore?

like
like

Can you be on more than one project at a time? Like if you have a project that only takes up like 10 hours a week, can you get onto another project to fill the remaining hours? I know your coach is supposed to be your project manager which is why I wonder if it’s maybe not allowed?

Larsen & Toubro Infotech Is there any one working in Larsen & Toubro Infotech kolkata? As the office is not yet setup there so anyone with base location as kolkata will continue work from home or will be transferred to different locations ?

like

Hey Everyone,

Any idea on how is the Job market for Power Platform (power bi + power apps) technologies in Canada??

My company is trying to retain me by saying they will file for Canada visa. Is it a trap like assuring h1b for usa ?

How long it takes for Canada Visa ? And what are the chances for getting work visa for Canada?

Dont understand the DCF no matter how hard I try. Please recommend me some useful resource.

like

Additional Posts in Homeownership for Teachers

Landed’s been working with the College Football Playoff Foundation, and we just gave away another $25,000 to help a Bay Area teacher buy a home. We surprised Jenna, 3rd grade teacher this AM.

Post Photo
like

My fiancé and I are planning to buy a home right around our wedding (we’d need to close next June). Has anyone heard of special programs we can look into? He’s military so we have VA Financing...

like

Glad you are here to answer our questions. How exactly does landed work?

like

Related to a teacher from Indiana who had to make a big repair, how do you recommend we budget for maintenance? I feel like we can work towards downpayment, but maintenance puts it out of reach.

likehelpful

Hi everyone!! It’s Jess at Landed here. Excited to answer your questions over the next few days with my teammate Alex. Will be popping in and out until Friday - look forward to chatting!

Post Photo
like

Thanks for doing this! How did ya'll at Landed come up with this idea? Super interesting.

like

I'm a younger teacher in a high COL area. In terms of wealth building, how does home ownership stack up to other methods like investing in stocks?

like

I like in Oklahoma where I make 34K per year. Houses aren't that expensive but on top of my other expenses, saving for a house seems nearly impossible.

like

What resources are there for single income teachers? I'm wanting to buy a house but struggling with my income being the only source.

like
likehelpful

I'm in my second year of TFA, and am thinking of sticking with this teaching thing (crazy, I know). I'm wondering if you have savings accounts I can use to work towards a down payment.

like

Signing off for the day! Looking forward to continuing the conversation tomorrow. Keep the questions coming :)

like

How does your help help with interest rates if we're only putting 10% down. In addition to a meager down payment, I also worry abt interest :( Definitely didn't get into this for the money

What programs or resources do you have available for Texas teachers?

like
like

Is that something that's available to Teachers in Louisiana?

like

Ah thank you so much for doing this! My husband and I are planning to dive into this this summer, but frankly it seems impossible. The downpayment thing is pesky

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal