I've been trying to work the debt snowball plan that Dave Ramsey has laid out. As I'm going down this path, I've been always on the mind set that "you can buy a house without credit." Is this true?
Talking to a lot of my coworkers and friends (that are in financing), I'm being told his plan truly doesn't work. One of my friends is a mortgage broker, and he said he only uses manual underwriting if there is a "special" reasoning, and that Churchill Mortgage (that Dave recommends) has a very low business rating.
I started this journey with my girlfriend and have paid off 3 credit cards, but still have $4k between two cards and a $8k car loan with a credit score of ~630. She does not have any debt besides student loans and has an amazing credit score of 700+.
Should I continue Dave's plan, or play the FICO game to get a high credit score? Not looking to buy a home for a couple years (I want to be able to afford a 20% down). Any advice is appreciated.
Submitted March 24, 2017 at 10:22AM by DrunkCookies http://ift.tt/2nZ6FvL
