Posted by Bruce Lawson on July 03, 2001 at 10:37:00:
Hi Edmund,
There are many ways of making deals happen without good or any credit. But you should concentrate on establishing a credit profile, continue using your secured credit card and pay off the balances then use it some more. Apply for a credit card with a bank and do the same method as above.
The loan officer is right you need to show you have been making the car payments, and if you have a cell phone you can use that bill for reference. If you are paying utilities keep your stubs and bank statements, all this stuff will get someones attention and you will get a mortgage.
Having NO credit is worst than having less than perfect credit, but when you get some cherish what you have and do not fall victim of creating unnecessary debt and restricting yourself.
Sincerely,
Bruce Lawson