Not exact matches
The latest Home Buyer Reality Report from NerdWallet reveals that 39 %
of denied mortgage applicants pointed to
poor credit history and low
scores as the
reason for being turned down, and more than 50 % cited high debt - to - income ratios.
Hopeful home buyers can be denied loans for all kinds
of reasons, from a
poor credit score to low income.
Credit card debt is near the top of the list of reasons why most people are dealing with poor credit s
Credit card debt is near the top
of the list
of reasons why most people are dealing with
poor credit s
credit scores.
If you're in need
of a car, and have a
poor credit score, this is actually a
reason to rejoice rather than dwell on the extra expenses that will come along with it, as it gives you a chance to rebuild and reestablish your
credit.
Late payments, taking too much debt and failure to pay bills are some
of the
reasons for
poor credit scores.
After taking care
of mistakes, if any, you need to take a long and hard look at the
reasons why your
credit score is
poor.
Even if the lender could prove that the borrowers in
poorer neighborhoods also had lower
credit scores, in the case
of FHA financing there is still no compelling
reason to price mortgages to these borrowers differently.
For this
reason we don't undertake full
credit checks, so even if you've got a
poor credit score, provided you can verify who you are and have a large enough amount
of cash regularly entering your bank account, we can normally help.
Allowing us to understand the
reasons for your
poor credit will help paint a picture
of what kind
of person you are personally, not as your
credit score portrays.