The couples situation is as follows.BTW this is not sugar coated so please do not sugar coat your answar just for business:
1. Her credit score is 585 and his is 512.
2. They only have $3500.00 savings in stocks which is easily liquated.
3. They have a truck soon to be paid off in about 5 months but they are late frequently.
4. They have multiple medical bills.
5. They recently took out a loan at a credit union with family help in June 06 for 12months and are paying on time.
6. She closed out one maxed secured card a week ago and is closing out/paying her last maxed card.
7. He doesn't have any cards.
Question is: how many points will their score increase by payng this loan off in full and on time. What is the minimum their score needs to be before purchasing a home.Is there ANY possible way they can purchase one now. There is no other money available. There's 3 small kids. He's been at his job 15months, she since 01/06. Their combined income for 2005 was less than $50,000.00