Car Loan and house loan approval
Date: Thu, 04/30/2009 - 07:28
I had a bad credit history where I had 10 to 15 collection accounts. Now I have paid my entire debit and my score went up to 630 that used to be 560.
So now if I want to buy a house or a car and get a loan. would banks will approve me the loan or still it is going to be a problem since i was in collection for last 3 years however now everything is been taken care.
So now if I want to buy a house or a car and get a loan. would banks will approve me the loan or still it is going to be a problem since i was in collection for last 3 years however now everything is been taken care.
Unfortunately you will be still considered a high risk with a cr
Unfortunately you will be still considered a high risk with a credit score of 630. Some lenders are not even loaning to folks with an 800 credit score.
However it is not impossible, you will get a car loan and a mortgage, but your APR may be high due to your recent payment history and current credit score. Some creditors may see you as a high risk loan :?
