0
It adds an inquiry to your credit profile.
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∙ 14y ago
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What is a poor credit rating?
a poor credit rating would be 0
I have bad credit. Wwould I qualify for an FHA home loan?
If you have bad credit to qualify for a fha home loan you would need a bigger deposit usually around 10% which is higher than the standard 3.5%. You could also try and improve your credit rating before applying.
If you filed bankruptcy 4 years ago and your new husband has stellar credit history does your credit have to be checked when applying for a lease?
If it is going to be a joint obligation, then they will check your credit status. If both incomes are not needed to qualify for the transaction, the husband could apply in his name only. Therefore only his credit rating would be used.
How would one go about applying for personal loans at a bank?
To get a personal loan at a bank, you need to gather up all your credit ratings, employment w2s and all of your investment paperwork. A bank will want to see your collateral, your salary and your credit rating before offering you a loan.
Would closing a credit card damage my credit score?
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
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.
What would a person have to do to improve their credit rating when they have no credit at all?
To improve a credit rating with no credit at all is to find a reliable source of revolving credit. A merchant or credit card that reports to the major creditors monthly. Many credit cards offer this and it should be disclosed before you try to be approved.
Where can one apply for a mortgage with low interest rates if they have bad credit?
The best option when applying for a mortgage with bad credit would be to speak to a financial advisor since applying for multiple loans can further reduce the credit scores.
Where can one get a free credit bureau report?
A free credit bureau report can be requested from TransUnion, Experian and Equifax annually by applying online at AnnualCreditReport for United States citizens, as well as visiting any of the three credit bureau agencies' official websites. It is important to regularly check one's credit rating as to detect mistakes early that would prevent extention of credit to one in the future.
How would your credit be affected if you have a car that has gotten repossed?
Negative credit rating. Stays on your credit report for 7 years. Don't let it happen.
If one co-signer has an outstanding credit rating and the other a bad or moderate rating will that affect the size of mortgage they would be offered?
The loan criteria will depend on the BEST CR of either signor. When applying for a joint account regardless of the financial transaction might be, the lender will pull both credit reports and act accordingly to their established lending procedures. They do not pick the best credit history when making a decision on the lending terms. They use the 3 C's Credit capacity (the ability to pay), character (good credit history) and collateral, (the value of the property).
Driving fines from 18 years ago. will they effect my credit report?
No. Even if they were new fines, they would have nothing to do with your credit rating.
