Finally, an agent with Countrywide contacted me this morning. Even with my low Credit Score and no Credit history there is a chance I may get to obtain a loan for a home. I explained to her in detail why I did not have any credit cards or loans; even no cell phone bills.

I have work to do in cleaning it up. But according to her, it is doable. I would have to explain any collections on my Credit Report, pay off any that are not Medical Bills (right away) and that are truly due.

I expect a call later this evening, where she will provide me with more instructions on what I need in order to purchase my very own HOME!

Yes, I am very excited, because I would have done this on my own and I am learning so much along the way. I ultimately want to have assets in my name and own 100% of my company. I have plans on starting a business all of my own.

Some insight, with so many issues I have faced in the last 12 months, I want to have full responsibility of my finances. It is not for me to get in debt, but rather to know that I can obtain a line of credit when needed. Credit is not a game and one must be responsible. Sure, there are events that may be outside your control but I believe that if you plan ahead and follow your own set of guidelines that can help you avoid them.

It has been a while since my last post. I have had some bumps of my own. Causing a great delay in my quest to repair my credit.

First of all, I have as of today to see my credit reports. I did request them. I requested my Free Copy. I had some issues with the credit card companies to due the Fraud Alert I had placed several years ago.

Anyhow, I finally did visit FreeCreditReport.com, that was a disaster. I am not pleased. I obtained one Copy, then they charged my Bank Card to sell all three. Again, as of today, I have not seen all three.

Finally, I have just applied for a Visa and yes, it was rejected. However, I get a Free Credit Report from the reporting Agencies.

This is frustrating, to say the least. My goal is to buy my home this year. I am determined to purchase my very own home. I of course need to find a lender willing to sign me a mortgage. I know the property I want.

Another frustration, I have contacted several Realtors’ and Lenders to guide or provide me with the guidelines the banks are looking for. I know taxes, bank statements and form of income are required.

After, getting a glance at the Free Credit report, my FICO score reads 550! Is that low or what!?

I have learned a lot about negotiating down the interest rate and asking about Credit Card incentives. Considering I do not have any credit cards, I have recruited my Dad. I will call on his behalf and see if this tips actually work.

If you have any suggestions, I would most appreciate it .

According to experts we are only half-way through this crissis.  The specualte its only going to get worst. They discuss Ninja loans.

Watch CBS Videos Online