Bad credit, USDA Rural Development Loan? Will it work?

If someone has held a job for more than 3 years, but has a bad credit history (hospital bills, a credit card bill from the past, one accidental bad check from 4 years ago, and a utility bill owed), does this disqualify the person from being eligible for the USDA Rural Development Loan program?

4 Answers

  • Anonymous
    1 decade ago
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  • 1 decade ago

    Bad credit is one of the worst problems to have... however there exists a solution.

    I will hereby talk from my personal experience.

    I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,

    if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

    a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

    if it helps kindly remember me in your voting!.. cheers!

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  • 1 decade ago

    depends on the specifics of the loan and the mortgage firm who takes it. usda make direct grants, and loan guaranteed loans which is a mortgage from a lender which the usda guarantees, but makes no direct loan.

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  • 1 decade ago

    You need to call a qualified lender to find out. I would suggest you email a friend of mine, Michael Campanaro of Wells Fargo Home Mortgage at and ask about his credit program to see what you can qualify for. That's the safest bet. good luck.

    Source(s): Denise Broesler, Broker-Associate, RE/MAX Classic Group,
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