My wife and I have been really bad in the past about paying our student loans. Most of our loans were in delinquency for several months and now my credit score is 560 and hers isn't much better. 6 months ago we consolidated our student loans and now have all current payments. We are looking at a rent to own house and I'm looking for opinions on whether or not we would be able to get a mortgage in 2 years if we make positive moves on our credit. Most of the delinquencies will still be on our credit but they will be 3-5 years in the past. I really need to raise my credit score 80-100 points. Do we have a chance of doing this? Or, am I setting myself up for disaster in 2 years when I cant purchase the house and we lose all of the equity that we've paid in with our rent-to-own agreement?
Read more: How to raise my credit quickly after serious delinquency?
