Q: I read your article and you mentioned that even if you have bad credit there are people out there who will finance for a new mortgage. Do you know of any?

My husband and I have good jobs and have made our house payments on time for the past year but there are still things that are pulling our score down…..is there anyone you know of that will finance with scores in the 500s or should we give up?

A: Right now it’s very difficult to find a subprime lender who will loan to folks with low credit scores. Please check out FHA loans. Or, talk to a local bank or your credit union (if you belong to one). More importantly, you’ll have to work through your issues to improve your credit score. If you have too many debts, you will have to pay them off. If you have been late paying other bills, you will have to make sure to pay all of your bills on time.