A good credit score is only one factor lenders look at when deciding to lend you money. Just because you have a good credit score does not mean the lender will give you the lowest cost loan available. Other things ...
A single credit inquiry from a lender will have little impact on your credit score. Credit scoring models also take into account when a consumer is shopping for the best rate on a student loan, auto loan, or mortgage and ...
Your lender will run your credit report when you apply for a mortgage. (It cannot pull your credit report if you just call to ask about rates.) It will also pull your score again just before you close on a ...
Lenders look at a variety of factors when evaluating a mortgage loan application. If you have weaknesses in your credit history, you may qualify for a U.S. Federal Housing Administration (FHA) loan. You may also qualify for a subprime mortgage, ...
It is possible to qualify for a mortgage after a foreclosure. However, foreclosure will hurt your credit.Foreclosure information generally remains in your credit report for seven years from the date of the foreclosure. Even if you have a bad credit ...
Generally, a creditor such as a lender or broker cannot use your age to make credit decisions. However, there are exceptions to this rule. For example, age can be considered in a valid credit scoring system. Even then, the credit ...
Generally, no. The three main credit bureaus used by most lenders usually do not consider your prepaid card activities when they develop your credit report. With very few exceptions, most prepaid card providers who claim to offer a way to ...
Private student loans – also known as alternative loans – are offered by private lenders to provide funds to pay for educational expenses. They are not part of the federal student loan program and generally do not feature the flexible ...
If you must take out student loans, federal student loans are the best option for the vast majority of borrowers. It is best to max out your federal student loan options before you borrow any private student loans. Federal student ...