<prompt> Human: I am wanting to buy a house very soon. My brother-in-law turned me on to this site to get some advice. I filed for bankruptcy in 2008 and it was discharged in 2011. I have been working on rebuilding my credit score for the last 5 months. Currently my Transunion credit score is 576. My credit score on the other two was around 610. I currently owe:Snap-On 2,575Farmers Furniture 2,090Merchants collections 3,099CBA 139.00SW 87.00The last 3 in this list are from collections agencys that I am paying off with monthly payments that I called and we agreed to. The Farmers bill is current and in good standing. The Snap On bill is being paid off monthly as well with no intention of add more to it, I pay 104 monthly on this.I have never purchased a home before, So the entire process is new to me and any help would be greatly appreciated. What more can I do in order to proceed with the process or am I ready now?  <response>: I am wanting to buy a house very soon.andI currently owe: Snap-On 2,575 Farmers Furniture 2,090 Merchants collections 3,099 CBA 139.00 SW 87.00Doesnt jive.You owe nearly 5400 in debt, and have multiple things that are in collections. What money do you have to own a home? Do you have money for an emergency fund, as well as repairsmaintenance on the home?What does your financial situation look like?Did you read the HUGE sticky thread up at the top of this forum for first time home buyers? 