FAQs Archive - Page 3 of 5 - The Credit Repairmen

Q: Should I wait for interest rates to drop before buying in Texas?

Waiting on rates is risky because nobody can predict them with certainty. When rates do drop, buyer competition usually surges and home prices often rise to absorb the savings. A better strategy is to focus on what you can control — your credit. Improving your score gives you a real, measurable rate advantage that does not depend on the market.

Q: Should I fix my credit first or just try to apply now?

If you have time and your 580 has fixable issues, fixing your credit first almost always wins. Moving from 580 to 620 can save tens of thousands over the life of the loan. The exception is if you are in a hurry — military relocation, lease ending, or a specific property you cannot lose. A free 3-bureau review tells you which path makes sense for your file.

Q: Will any Texas lender approve me with a 580 credit score?

Yes, some Texas lenders will work with a 580 score, especially for FHA loans with a 3.5% down payment. VA loans for qualifying military buyers also often work at this score. However, each lender sets its own rules on top of the program minimums, so approval is never guaranteed. Your debts, income, and employment history also matter.

Q: What are my rights if my credit report is wrong in Texas?

You have the right under the federal Fair Credit Reporting Act to dispute any item, get an investigation within 30 days, and have items removed if they cannot be verified. Texas state law adds extra protection, and the Texas Attorney General accepts complaints about credit reporting violations.

Q: What if the credit bureau ignores my dispute?

If a bureau ignores your dispute or fails to investigate, you have options. You can resubmit with more documentation, file a complaint with the Consumer Financial Protection Bureau, file a complaint with the Texas Attorney General, or contact a consumer law attorney who handles Fair Credit Reporting Act cases.