Do you have poor credit and need to get a loan on your mobile home?  Don’t worry all hope is not lost. here are a few things you can do to get a better rate on your mobile home loan.

1. Contact the credit reporting agencies and get the latest copy of your credit report and credit score. Make sure all information (good and bad) is correct and factual
2. Once you have determined your credit report is accurate - figure out which is the companies that is reporting badly about you, contact that creditor directly and work out a payment plan with them….they will usually do this if they feel you will make an effort.
3. Have a garage sale - Most people can sell items they really don’t need and come up with quick cash. use this cash to pay off creditors and get them to remove the information they have posted about you or at least make amendment to your report that you made a significant payment recently.
4. Do a real good job of searching your personal expense items, going over a budget to see what expenses you can cut or reduce and come up with cash. Can you live without a cell phone, cable or satellite TV for a few months while you SAVE this cash you would normally spend?  Pay off your creditors!
5. Most people can reduce their monthly spending by 20% if they really make up their mind to do so. This 20% can be used as a down payment on the mobile home loan or used to pay off existing debt. If you spend $1,000 a month on expenses (utilizes, rent, car, food etc) 20% would be $200….in 6 months this would be $1,200 which is a nice downpayment on a mobile home loan or to pay off exisiting debt….and it’s easy to do!