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Why did my credit score drop 100 points after buying a house?
Your credit score may have dropped after buying a house due to factors such as taking on a large amount of debt, opening new credit accounts, or missing payments during the home buying process.
How does credit affect an individual financial standing?
Your credit can raise or lower your credit score. It is what consumer credit for buying a house or car is based on.
When can I refinance after buying a house?
You can typically refinance your mortgage after buying a house once you have made a few months of on-time payments, built up some equity in the home, and have a good credit score. It's best to check with your lender for specific requirements.
When buying a house, will a loan company tell you your credit score?
Any type of loan company you talk to will be able to let you know your credit score. As long as you have a really good credit score you should have no problem getting a second home.
How many times can a dealership run your credit during the car buying process?
A dealership can run your credit multiple times during the car buying process, but typically within a short period of time to minimize the impact on your credit score.
Why did my credit score drop 100 points after buying a house?
Your credit score may have dropped after buying a house due to factors such as taking on a large amount of debt, opening new credit accounts, or missing payments during the home buying process.
How does credit affect an individual financial standing?
Your credit can raise or lower your credit score. It is what consumer credit for buying a house or car is based on.
When can I refinance after buying a house?
You can typically refinance your mortgage after buying a house once you have made a few months of on-time payments, built up some equity in the home, and have a good credit score. It's best to check with your lender for specific requirements.
When buying a house, will a loan company tell you your credit score?
Any type of loan company you talk to will be able to let you know your credit score. As long as you have a really good credit score you should have no problem getting a second home.
What are the main reasons that someone would want to get a copy of their credit report?
It depends, maybe someone wants to buy a car, they might need proof of their credit score, some dealerships require you to have a decent credit score; also, when buying a house, your credit score sometimes kicks in, so evidence of your credit score/report are necessary.
How many times can a dealership run your credit during the car buying process?
A dealership can run your credit multiple times during the car buying process, but typically within a short period of time to minimize the impact on your credit score.
Which is the best credit score required before getting financing for his or her house.?
This is dependent on the individual. You can find out a lot of information about your credit score in relation to home buying on about.com. Here's the website: http://homebuying.about.com/cs/yourcreditrating/a/credit_score.htm
Can you get a house with a 570 credit score?
no
Does your credit score decrease when you purchase a house?
Purchasing a house can temporarily lower your credit score due to the new debt and credit inquiries, but responsible mortgage payments can improve your score over time.
Does in-house financing impact your credit score?
Yes, in-house financing can impact your credit score. When you use in-house financing to make a purchase, the lender may report your payment history to the credit bureaus, which can affect your credit score positively or negatively depending on how you manage the payments.
What happens if you misuse credit?
if you misuse credit then more than likely it will go on your credit score and affect you in life. One way is by buying a house or car. You would never ben able to purchase them kind of things if you misuse or credit
Does medical debt from years past affect my credit?
Medical debt does affect your overall credit score. However, when buying a house or car, most of the time medical debt is not factored into the equation.
