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Where can someone with a poor credit rating qualify for mortgages?
Wiki User
∙ 10y ago
You can qualify for a mortgage with a bad or poor credit rating at your local bank or credit union. You may have to do certain things such as eliminate all other forms of debt you currently have or finding a co-signer first though.
Wiki User
∙ 10y ago
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Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Can you get an easy bank loan for a new car?
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.
How can someone get a mortgage with a bad credit rating?
Firstly if you haven't already, obtain a copy of your credit history to check the details and remove any incorrect details which may be affecting your credit rating. If you still have a bad rating then seek advice from an independent mortgage advisor. There are specialist companies available who will arrange mortgages for people with bad credit ratings.
How can one improve their credit rating with no credit cards?
The best way to improve one's credit rating is to pay all of one's bills on time. This is the biggest factor in determining a credit score. Paying off loans, such as mortgages and car loans, can also help one's credit rating.
What can be done to help someone get mortgages if they have bad credit?
It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
Can you get an easy bank loan for a new car?
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.
How can someone get a mortgage with a bad credit rating?
Firstly if you haven't already, obtain a copy of your credit history to check the details and remove any incorrect details which may be affecting your credit rating. If you still have a bad rating then seek advice from an independent mortgage advisor. There are specialist companies available who will arrange mortgages for people with bad credit ratings.
Is there a mortgages for poor credit rating?
Yes, mortgages are always there when you buy a house, despite your bad credit, you may not even be offered to buy a house. So you should try to fix it.
How can one improve their credit rating with no credit cards?
The best way to improve one's credit rating is to pay all of one's bills on time. This is the biggest factor in determining a credit score. Paying off loans, such as mortgages and car loans, can also help one's credit rating.
What can be done to help someone get mortgages if they have bad credit?
It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.
Which companies give mortgages to people with a bad credit rating?
Mortgages for people with bad credit ratings are becoming increasingly hard to find. There are some specialist companies who offer this services, including Mortgages4BadCredit and ASAPMortgages.
What are the ways someone can improve his credit rating?
If someone wanted to improve their credit rating there are a variety of places where someone can do so. Some of these ways are for the individual to check their credit files.
Can defaulting on your mortgage harm your credit rating?
Yes. Mortgages make up a good portion of your credit profile, so defaulting on one can damage your credit score pretty bad.
Where can you find information on credit repair mortgages?
Information on credit repair or bad credit mortgages can be found through many financial institutions or mortgage brokers. These types of loans often carry a higher interest rate, however it enables an individual to pay off their debt and correct their credit rating.
If your spouse co-signs for someone will it affect your credit too?
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
If you buy a house from someone who has declared bankruptcy how will it affect your credit rating?
==Answer == Not in any way. Your credit rating is only determined by how YOU handle your credit on anything that is in your name.
