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People who pay for everything in cash have no credit.
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∙ 13y ago
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Does it effect your credit score when you get married to someone with bad credit?
No, you can get bad credit only if you have a joint (co-signed or authorized user) on the bad person credit card. Keep your accounts separate. If you want to buy a house a lender may require both credits and that is when it would affect you.
Can a person with very bad credit get a car loan if they have a co signer with excellent credit?
Yes they can if they have had another loan with your name and their name.
Can they take your house if you do not pay your credit card?
Only if the credit card an "equity line of credit" which is secured by a second mortgage on the property. But then, if her name is not on the house, she couldn't have used it for security on the credit card, so NO.
How much do you save to buy a house?
It will depend on how good your credit is and what you want your payments to be. If the price of a house is $100,000 and your credit is good and your fico score(this is your credit score) is 660 or higher You will need to put down 5%-10 % or $5,000 - $10,000 plus closeings cost of another 4% or $4,000.00 so if your credit is good you will need to save 9% -15% of the cost of the house you want to buy. Now if you have bad credit, you should clean up your credit before you buy. With bad credit your intrest rate will be high and your house payment will be high.
What can you do if your husband had a foreclosure immediately prior to your marriage and you now want to buy a house and are having trouble?
First, buy the house in your name not your husbands. Do not have his name anywhere on the title and be sure he signs the waiver that says he has nothing to do with the deed or property. So, use only your credit. As long as all is in your name with only you responsible for making payments his bad credit will have no impact on your home loan.
Are there any books that describe how to get a loan with bad credit?
Yes there is one book called "Living Well with Bad Credit," which goes into detail about how to deal with bad credit to achieve things such as buying a house, start a business and get a loan with bad credit.
You have bad credit and on a pension and have no house can you still get a personal loan or credit card with 6000 limit?
yes
How can one buy a house with bad credit?
If one has bad credit then one can only buy a house if one can convince the mortgage lender that one is able to pay for it. This might need proof that one is paying off any debt and clearing the bad credit record efficiently.
I need a house loan, but how can I be approved with my bad credit score?
At the present getting loan with bad credit is hard. You will need to take some steps to clean up your credit first.
What all does having bad credit effect?
Having bad credit could disable an individual from buying a house or car. Bad credit is usually restrictive on larger purchases that require borrowing money to obtain the item.
How can I buy a house with bad credit?
The best way to buy a house with bad credit is to pay off any collections listed on your credit. Make sure you make all payments regularly for an extended period of time. Try to get prequalified before looking.
What are some tips for a person who is wishing to buy a car with bad credit?
As long as you have cash or a trade in or house bad credit will be diminished. Alternatively you could have a friend or relative help you with their credit if you can come to an agreement.
Does it effect your credit score when you get married to someone with bad credit?
No, you can get bad credit only if you have a joint (co-signed or authorized user) on the bad person credit card. Keep your accounts separate. If you want to buy a house a lender may require both credits and that is when it would affect you.
Who gave the White House its name in 1901?
Theodore Roosevelt gets credit for giving the White House its name.
Does credit score really matter anymore?
Yes, it does matter. Bad credit means you can't buy a house or car and get a loan.
Can a person with very bad credit get a car loan if they have a co signer with excellent credit?
Yes they can if they have had another loan with your name and their name.
Can they take your house if you do not pay your credit card?
Only if the credit card an "equity line of credit" which is secured by a second mortgage on the property. But then, if her name is not on the house, she couldn't have used it for security on the credit card, so NO.
