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While it may be more difficult for someone with a low credit sccore to get as good of a loan as someone with a good credit score, it is not necessarily a problem or impossible. For more information www.efunda.com/formulae/finance/loan_calculator.cfm offers loan calculators.
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∙ 9y ago
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Will an account in collections from 2005 hurt your chances of getting a mortgage loan in Texas?
Your credit score and income are more important than an account in collections.
Does getting denied for a mortgage loan affect your credit score?
Yes, but not to the severity you must be thinking. Inquiries from banks viewing your credit score and report will lower your score by a few points, and excessive inquiries will hurt your chances of any lines of credit. Just don't apply for too many loans or credit lines (2 max a year) within 5 years of your expected application.
Does bankruptsy hurt your credit score?
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
Do medical bills on credit report hurt credit score?
yes they do, they impact your score greatly
When should you close unused credit cards and will this hurt or help your credit score?
Usually closing accounts will hurt your score because if you have debt on other cards, your debt to available credit ratio will rise and it can ding your credit score.
How does a company running a credit report hurt your credit score?
Too many inquires on your credit report can hurt your score since it may appear that you are applying for too much credit at once.
Does it hurt your credit score when you have a credit report service that allows you to check your credit score as much as you want?
It only hurts your credit score when someone else pulls your credit report.
Does opening a credit card hurt your credit score?
Actually, it does. It uses the available credit you have so when that goes down the credit score does too.
Does it hurt your credit score to apply for a credit card then not accept it?
yes
Does applying for school loans hurt your credit?
It should not hurt your credit score unless you don't pay.
Can a past bankruptcy hurt your chances of getting a good job?
the only way bankruptcy can hurt you if that job check your credit. if i was you i won't bring it up unless your asked.
Will a co-applicant who has bad credit hurt the chances of the primary applicant getting approved for a loan assuming the applicant has good credit?
yes unfortunatly i think so.
