Economic and personal financial challenges have placed many homeowner squarely between a rock and a hard place; mortgage refinancing is denied due to lack of home equity and or other issues
including less than stellar credit or a past employment problem.
Not exact matches
For
less than stellar credit scores, your options will not
include traditional financial institutions, or a Small Business Administration loan, which requires a personal
credit score of at least 680.
That
includes record ownership by those whose
credit scores are
less than stellar, and for those card - owners there's often a catch.
In a tactic known as «piggybacking,» authorized users are added to card accounts for the sole purpose of
including an established account with a positive
credit history to an otherwise
less -
than -
stellar credit report.
In some cases, prospective cardmembers need to provide information about their financial lives,
including income level and source of earnings, and an explanation of any
less than stellar credit history marks.
I have
less than stellar credit,
including a student loan default (currently in repayment plan).