Phoenix,AZ (PRWEB) May 11, 2014
New Start Credit Consulting, LLC wants to help consumers get back in the game after having gone through a short sale, deed-in-lieu, foreclosure or even bankruptcy. It has been over four years in which the country, especially the western states such as Arizona, Nevada and California were hit hard during the foreclosure crisis. According to data generated for CNNMoney by RealtyTrac, in 2011, western states claimed 82 of the 100 worst hit zip codes with 38 in California and another 28 in Nevada. In recent months, the foreclosure market in these states is not as common as they were several years ago or even last year, but still remain steady.
“Start this spring by being proactive, so that you are ready to buy next spring. Those who took a hit on their credit scores due to previous short sales or foreclosures could potentially get into the housing market by the time next spring rolls around, but you must take action now,” said New Start Credit Consulting’s owner, Pat Nelson.
Previous homeowners don’t know they have options, but it is possible to purchase another home in as little as 12-36 months after going through something like a short sale, subject to certain guidelines and conditions. Pat Nelson suggests talking with a Mortgage Lender about the Federal Housing Administration’s Back to Work– Extenuating Circumstances mortgage loan program as one of those options.
Last August, the FHA announced this new program for individuals who experienced an economic event loss of job and/or loss of income causing a 20% or more drop in income for at least six months. One of the first items needed to qualify is a good credit score. New Start Credit Consulting works with those in need of repairing, re-establishing or building up credit.
In addition, Pat Nelson offers tips to consumers having just gone through a short sale including: pay all bills on time since 35% of a credit score is based on payment history, begin work on improving your credit and credit scores immediately (goal of 640 minimum), request a copy of your credit report and fix any inaccuracies such as the short sale reporting as a foreclosure, save as much money as you can for the down payment, keep steady employment and income, hold off on purchasing another car and keep credit card balances to a minimum.
Pat Nelson, a Certified Credit Consultant and owner of New Start Credit Consulting has been serving Phoenix clients for over three years. She is not just an 800 number; she is local and works with her clients by phone, email or in person, whichever method is preferred. She will customize fees, depending on the situation. For more information, please contact Pat at 602-708-0550 or visit http://www.clearupbadcredit.com.
About New Start Credit Consulting, LLC
This business allows them to help people achieve positive credit and turn their lives around. There is no better feeling when a client finally obtains a home loan or saves money buying a vehicle without paying outrageous interest rates. Good credit can even help one obtain better employment. Pat Nelson is a Certified Credit Consultant™, backed by over 26 years of experience and follows Federal Laws.
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