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Will it hurt your chances of getting a home loan if you pay off charge offs or collection accounts within six months before applying for a home loan?
Wiki User
∙ 17y ago
Depends-GENERALLY-The older the debt the less it will help your credit score. When lenders look at you credit history, they look over the entire 7-10 yrs on it not just the last 6-7 months. But remeber, lenders are typically very interested in your debt/income ratio and paying off old accts may help in that area considerably.
Wiki User
∙ 17y ago
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Will multiple credit card inquiries affect the chances of getting a home equity loan?
Multiple inquiries will not affect your chances, the only way it would affect you getting a home loan is if your credit score was impacted. Be careful with applying for credit cards, the inquires affect your score negatively.
Can i apply for credit card if you have paid collection account on your history?
Yes. They will also consider how much debt your currently have and how you are paying your other current obligations as well. Just having a past paid collection will not hurt your chances in getting a credit card.
Does my equity improve my chances of getting refinanced?
The more equity someone has, the better the chances of getting refinancing to go through. Confirming this with current lenders or banks would be best to get an accurate answer.
How do you get a loan without a cosigner?
You need good credit and/or a good income. Start by applying for Store Cards at Sears, certain clothing stores, or even a gas card and using it every month and paying your bills on time. This will build your credit rating and increase your chances of getting a loan.
How does a person go about building their corporate credit?
A person goes about building their coperate credit by getting a secure credit card. only charge what you can pay off in full, pay on time every month, avoid applying for numerous accounts, check your progress, after a year apply for an unsecure credit car.
Will multiple credit card inquiries affect the chances of getting a home equity loan?
Multiple inquiries will not affect your chances, the only way it would affect you getting a home loan is if your credit score was impacted. Be careful with applying for credit cards, the inquires affect your score negatively.
What does getting a hit mean when applying for perc card?
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Applying with an 'undecided' major will not boost your chances of acceptance at any school. That said, neither will applying with a decided major. If you scored particularly well on a specific test, such as SATII Chem, maybe you could put your major as something sciency - showing admissions officers that you're good at what you want to be. Overall though, major shouldn't affect chances of admission significantly.
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It should say "...if I fly back in" because they may not let you back into the US.
Can i apply for credit card if you have paid collection account on your history?
Yes. They will also consider how much debt your currently have and how you are paying your other current obligations as well. Just having a past paid collection will not hurt your chances in getting a credit card.
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