My wife and I are tired of apartment and city life so have decided to work towards purchasing a small farm by the end of next year. Our credit, to put it plainly, sucks due to foolish decisions we've made over the years. We have begun paying off the old debts listed on our credit reports, contacting each creditor and negotiating a settlement. I have a $300 credit card which I am making regular payments on, at twice the minimum requested, and we are working on getting her a secured credit card. By the way, our scores are currently 563 and 534 respectively. Mine was 641 before recently purchasing a pickup truck and getting the unsecured card. Are we on the right track? What else can we do to improve our credit enough over the next year to qualify for a loan? Any advice would be greatly appreciated. Thanks!
P.S. I was laid off from my job recently and she is the breadwinner, a long-haul semi driver, and she makes very good money.
I like the fact you are planning ahead this is a great formula for your success, Congratulations