When you are looking to apply for a loan, credit scores play a major role. A good score will give lenders a quick and objective measurement of your credit risk. Credit scores can often be confusing to understand too. People often wonder how bad is credit score of 580, so here is a look at […]
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The need for an agreeable credit score becomes almost mandatory if you are looking to buy a new home or even if you just want to rent an apartment. As a matter of fact, landlords who own large apartments have a minimum credit score criteria. This leaves several people questioning, “what is bad credit for […]
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What you may not realize while you ignore your bills and max out your credit cards are that your credit score gets severely affected. The amount of debt you carry along with the timeliness of the payment of your cards also majorly affect your score. So, what does bad credit affect? In a nutshell, your […]
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Lenders look at the credit scores to determine whether the people applying for a loan can be trusted to pay back the mortgage they are applying for. The better the score, the higher the chances of landing that loan. A bad score, on the other hand, can mean an outright rejection. But not all lenders […]
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Credit scores are generally used by banks and lending companies to determine the eligibility of a borrower (like for a home or car). This will also be their reference in making the terms of their offer. Higher credit scores will lead to favorable loans and build more trust and confidence on the part of the […]
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