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Does a home equity line of credit count against your equity when refinancing?
Wiki User
∙ 8y ago
Yes, if you have used any of the credit available to you. For example, if you have used $10,000 of a $20,000 line of credit then you have to add that $10K to the balance of the total owed on the property.
Wiki User
∙ 8y ago
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Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
How do you decrease debt equity ratio?
Why the hell you want to decrease it.. Does it BITE? Chill man.. go count the chickens...
Does credit count for a 203b loan?
Yes, a good credit score (credit history) is required to be approved for an FHA 203(b) loan.
Does finding out your own credit score count as an inquiry on your credit report?
no because im in 2nd grade retad
Do debit cards effect credit scores?
No. Using debit cards is like writing a check electronically. If you have overdrawn your account, however, it will count against you if you don't pay it back immediately. If you are having a hard time getting a credit card to build up your credit score, you can get a secured card from your bank. You give them anywhere from $100 to $___ and they give you a credit card with that amount on it. You use it just like a credit card. PAY IT BACK and it will give you good score marks on your credit.
Can an unpaid balance on auto insurance effect your credit?
Unpaid balances owed to insurance companies will be sent to collection agencies and will count against your credit.
Will marrying a convicted felon effect a person's credit?
no. the credit companies can look at YOUR record but they usually dont even look at it anymore. and when they do it doesnt count against you.
Does it effect your credit score when employers check your credit?
No it does not -- it is called a soft inquiry. The credit bureaus classify companies who pull a credit report. Some companies pull credit reports for lending, others use credit reports for non-lending purposes. Hard inquiries are those that count against credit scores and are from lenders upon an inquiry for credit. Soft inquiries or those used for non-lending practices do not count against credit scores. From the classifications used by credit bureaus, the credit scoring system can determine the type of inquiry (whether for credit or otherwise) that is pulled.
Would debt to equity ratio be useful when paying current debt?
No. It is a measure used to determine if you are a good credit risk. Other considerations enter into that determination, depending on the lender you're consulting. If you are trying to get to a point where you can apply for a loan, you may want to pay off small-balance debts in full, but keep paying the larger debts when due. You may find yourself in a Catch-22 if you close some credit/store cards. You lower your debt to equity ratio, but you lower your credit score. And open credit lines, even with zero balances, count against you, since you can borrow that amount at any time.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Does it count against your insurance if you get a driving under suspension that gets thrown out of court and don't count against you?
You just answered your own question. If it was thrown out and don't count against you, then obviously it don't count against you.
I was recently told that you do not have to pay back Cash advances because it doesnt count against you since they don't check credit. Is this true?
No, the person that told you this is a fool.
Do ceu's count as college credit hours?
No, they do not meet the requirements for college credit.
Does pulling credit report multiple times count against you?
There are two types of inquiries. Soft pulls and hard pulls. Soft pulls are when you look at your own credit. They don't get counted as far as your credit score. However hard pulls are when you apply for credit. This can effect your score 2 - 5 point for each inquiry.
Can work count as high school credit?
No. Sorry.
Will obtaining your annual free credit report count as a hard pull and therefore have an adverse affect on your credit?
Nope. Anything from you doesn't count. That's a soft pull.
Does rental income count against ss income limits?
does rental income count against ss income limits
