How Is A Credit Score Calculated?
How is a credit score calculated? What Is a Credit Score, and How Is It Calculated? Want to learn more about a credit score before signing to our Rent to Own Program? Here is an article that will enlighten you on how a credit score is calculated. As a credit counselor will tell you, your credit score is like a financial ID number. The lower your score, the less desirable a customer you are and the worse credit terms you will get every time you wish to get credit from a bank, credit card company, and so on. By contrast, the higher your score, the more desirable a customer you…
You Have Damaged Credit – Can You Buy A Home?
You Have Damaged Credit. Can You Buy A Home? Getting a home loan is like getting recognition at the end of each academic year in school. Before you are awarded any recognition, you must comply with the requirements for such recognition. For instance, before you will be given an academic award, you must first satisfy the required general weighted average on each or all subjects. Other awards also follow particular criteria before it will be awarded to deserving students at the end of the school year. The same thing goes in securing a home loan. There are certain requirements that you must meet before you will be able to secure a…
Home Loans With Bad Credit
Home Loans With Bad Credit Can bad credit stop you from purchasing a home? The answer is no. A home is the one purchase that everyone usually hopes to make by midlife. The problem is of all the things you can buy in life, it is also one of the largest commitments you can make. Many people who do embark upon purchasing their own home realize quickly however that credit can be a major factor. There are not many lenders out there who will step up to the plate when it comes to loaning you the money to buy a home. Searching for those lenders can be difficult since they…