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To buy a car, you typically need a credit history of at least six months to a year. This shows lenders that you have a track record of managing credit responsibly.

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5mo ago

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What do I need to apply for a mortgage?

To apply for a mortgage, you will typically need to provide documents such as proof of income, employment verification, credit history, and information about the property you want to buy. You may also need to have a down payment saved up and a good credit score.


Can you get a mortgage with a credit score of 491?

It is highly unlikely that anyone would loan you money to buy a house with that score in this market. A score below 500 means you have some serious derogatory items on your credit report and/or you haven't established enough credit history. Lenders want borrowers with a long history of good credit". Take steps to improve your credit.


How is credit history check useful?

"A credit history check would be useful if you were trying to buy a house or a car, or obtain a loan. You could check your credit first, and if there were problems you could pay them off before applying for loans."


How can I establish credit in order to buy a house?

To establish credit for buying a house, you can start by applying for a credit card or a small loan, making timely payments, keeping your credit utilization low, and monitoring your credit report regularly. This will help you build a positive credit history, which is important when applying for a mortgage to buy a house.


What happens if I don't use my Best Buy credit card?

If you don't use your Best Buy credit card, it may affect your credit score and could lead to inactivity fees or account closure by the issuer. It's important to use your credit card responsibly to maintain a good credit history.

Related Questions

What do i need to buy a house?

You need either enough cash to pay the selling price or a down payment, a good credit history and a steady job.


Is good credit required to get a quitclaim deed transfer?

You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.You don't need good credit to be the grantee in a quitclaim deed but you do need good credit to borrow money to buy the property.


What do I need to apply for a mortgage?

To apply for a mortgage, you will typically need to provide documents such as proof of income, employment verification, credit history, and information about the property you want to buy. You may also need to have a down payment saved up and a good credit score.


Do you need a credit card to buy a car?

No


Do you need credit to buy a car?

yes


Can you get a mortgage with a credit score of 491?

It is highly unlikely that anyone would loan you money to buy a house with that score in this market. A score below 500 means you have some serious derogatory items on your credit report and/or you haven't established enough credit history. Lenders want borrowers with a long history of good credit". Take steps to improve your credit.


Do you need a creditcard to go to the android market?

You do not need a credit card to go to the android market. You do need need a credit card if you want to buy paid apps. You do not need a credit card for free apps.


Do you need to have squeeky clean credit to buy a house?

Yes.


Do you need a credit card to buy stuff on eBay?

Yes


In UB funkeys how can you get items from your trunk?

you got to get youe parent credit card and buy loot but you need the internet you got to get your parent credit card and buy loot but you need the internet


Can you call anytime with Skype?

Yes as long as you have wifi.. You can call skype users with no charges but when you try reach a phone number you need to buy credit.


How is credit history check useful?

"A credit history check would be useful if you were trying to buy a house or a car, or obtain a loan. You could check your credit first, and if there were problems you could pay them off before applying for loans."