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How do you secure a VA loan for multi housing with no or little down payment when your credit score dropped from 840 to 500?
Wiki User
∙ 13y ago
One will not be able to secure a VA loan for multi-housing with a low down payment and a credit score of 500.
Despite the Veterans Association providing a minor backstop (financial guarantee) for veterans, a credit score of 500 will ruin your chances.
If possible, get a co-signer, preferably with a better credit record.
Wiki User
∙ 13y ago
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If a collection agency is after a small amount of debt and you pay that amount in full how will this payment improve your credit score?
It can improve your credit score a little, but to make the best improvement possible contact them and negotiate to have them remove their listing on your credit reports completely in exchange for your payment in full. This will help your credit FICO score the most.
If you do not have bad credit but very little credit what are the chances of leasing a new car without a cosinger if you make 1840 a month?
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Can you get a home loan with only one line of credit?
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When where fat man and little boy bomb dropped?
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If someone with great credit co signs for some with bad credit does it help the person with bad credit?
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
Where can I find debt consolidation services?
CareOneCredit will actually help you resolve your debts. The consolidate all your credit debt into one payment and it lowers your payment to an affordable amount. You can then pay a little extra on it to get it payed off sooner.
How long does just one 30 day late payment stay on your credit report?
Answer7 years from the date it occurred.After approximately 3 years, it should have very little, if any, negative effects to your credit score.The more recent the late payment the more severe the affect on your credit score. Late payments will either run their course in 7 years, be removed by the creditor, or removed by the credit bureau.
What services does bad credit auto offer?
Bad Credit Auto offers traditional auto loan services, including loans for individuals with high-risk, poor or bad credit scores. Bad Credit Auto also offers flexible payment terms and competitive interest rates for individuals with little or no credit history.
How much of a house can you get if your credit score is around 670 and you have little debt and you make 45000 year?
I don't think much more than about $120,000 with a down payment
How long before a vehicle can be repossessed?
This will usually be stated in the contract you sign when financing the vehicle. Some places, especially the "Bad Credit/No Credit" lots will attempt to repossess in as little as one day after payment is due. I don't see any financier letting it go for longer than 4 months with no payment be for they file for repossession.
Why score goes down after paying a charge off?
I know it sounds a little goofy but, your credit score is based on your credit history. Once you pay something off your credit history is completed for that particular account so your score drops a little. Having said that, I certainly don't recommend that you keep a lot of bills open just to keep your credit score high. A credit card where you maintain a small balance with most of the credit line available and paying your utilility, phone and rent or house payment on time or a little early will keep your credit score pretty healthy.
What were the names of the two bombs that the US dropped on Japan?
"Little Boy" was dropped on Hiroshima and "Fat Man" was dropped on Nagasaki .
