"C-" and "D" Credit:

If you are a "C-" or "D" credit profile, you have the most to gain from a plan to rebuild your credit. In addition to late payments all year you're probably just wrapping up a bankruptcy or foreclosure. Or you have substantial adverse judgments against you. Either way, your situation requires care.

Trying to help customers who face credit challenges is what we do. To make this credit grade, the following statements should generally describe you:

Housing expenses — Up to twelve 30-day, six 60-day and one 90-day late payments on your mortgage in the last year

Installment debt — Up to twelve 30-day, four 60-day and two 90-day late payments on your car or student loan accounts in the last year

Revolving debt — Up to twelve 30-day, four 60-day and two 90-day late payments on your credit card or department store accounts in the last year

Adverse accounts — If you had 120-day late payments, collection items, charge-offs, tax liens, judgments or delinquent properties in the last 2 years, no more than $10,000 is still owed on these adverse accounts

Bankruptcies — Less than 1 year has passed since your chapter 7 or 13 bankruptcy was settled or discharged. You may still even have a bankruptcy open at the time you apply for a loan

Foreclosure actions — Less than 1 year has passed on a foreclosure settlement or discharge

Outstanding debts — You are currently making payments on at least 1 credit account for either revolving credit, installment debt or mortgage loans. At the most, your debts represent 55% of your net income; lenders refer to this number as your debt-to-income ratio.

If you've hit a financial pothole that's caused you to have a "C-" or a "D" credit rating, it's time to pull over to the side of the road and call for help. There are plenty of resources available and people eager to give you the "roadside assistance" you need. Countrywide Bank’s Full Spectrum Lending Division is here to help as well.

You can rebuild your credit today!

Believe it or not, despite what other lenders have told you, you could still qualify for a prime debt consolidation or home refinance loan. How? At Countrywide, we know that ‘life happens.’ Getting a C- or D credit score can happen to just about anybody. So we choose to treat our customers the way we'd want to be treated in the same situation. Often times your credit history is not as bad as it seems. Many consumers who contact us for a home loan end up qualifying for a prime mortgage.

The Home Loan Consultants at Countrywide are experts when it comes to helping people with less than perfect credit, and we're more than happy to try and help you find financial solutions – and ultimately, a brighter financial future!