Importance of your credit score for loans
Why your credit score matters to loans Importance of your credit score for loans for your mortgage, Your credit score helps lenders determine your ability or inability to repay the mortgage (and, subsequently, their risk). Lenders also examine your debt-to-income ratio (DTI), the percentage of monthly debt obligations relative to how much income you bring […]
Apply for a house with good credit score
Strictly speaking, you don’t need a credit score to buy a house. If you’re paying cash, no one necessarily cares if you have good credit. However, if — like most aspiring American homeowners — you’ll need financing, then a credit score is a concern. Your credit score is one of the most important factors lenders […]
Credit Report Building Ideas and Strategies
You have delinquent credit and are married, you might want to build your credit report in your name instead of using your spouse. Somebody has to have stability. Also if you are divorced and all the credit cards of credit information are in your spouse’s name you will need to reestablish your credit in your […]