Repair Credit Score

Archive for May, 2010

Question: Does anyone know what Credit Score mortgage lender look at?

I purchased my Credit Report that had a score on it from experian then I saw that there was also something called your vantage score. My vantage score is higher than the experian score. Which one would a mortgage lender look ant? Any one with experience in this?

Answer: Almost all lenders will actually use the middle of the three scores. Some lenders (usually credit unions) will only use one score and that varies by their choice so it is best to just ask them. If you are planning to use a mortgage broker then chances are they will use your middle score.
The Vantage score is something new that has been developed for a supposed more accurate determination of credit risk, but has not caught on in mortgage lending so far.

How Credit Scores Impact Mortgage Applications:

Question: When your company is a Sole proprietorship, does your personal Credit Score affect getting a loan?

Answer: yes!!!

Student Loans : How to Find a Low-Interest Student Loan

Question: What kind of interest rate can you get with a 725 Credit Score for an auto loan?

Auto Loan Question above. Thanks

Answer: you should be able to get a interest of around 5, check out www.speedyloanapprovals.com these guys work with local and national banks to get you approved.

Why Are Interest Charges Larger On Auto Loans With Unhealthy Credit Score?