Chris Rutherford asked: Have you been denied credit when you need it the most? Want to buy your dream home or a new car but can’t get approved for financing? You know how important it is to fix your bad credit fast, but don’t know where to start? This article will help you determine what [...]
Chad Nicely asked: 1. Income LevelPretty self explanatory. They will take the income that you report and conduct what is called a debt to income ratio. Basically if you are not able to satisfactorily pay all your debt and still have some left over. Then your debt to income ratio will not be approved.2. Adverse [...]
Tony Banks asked: You have a credit score with the three main bureaus, Equifax, Transunion and Experian. Each bureau has come up with their own version of the credit scoring formula which is unknown to the public.This creates a situation where your three scores are highly unlikely to be the same. The credit score that [...]
Gina Delgado asked: If you have recently been denied for a loan or line of credit, it may not be your fault. When lenders evaluate you for a loan, the primary focus is your credit score. There are a variety of things that go into determining your score; your credit history, defaulted loans, and your [...]
Tony Banks asked: Credit bureaus operate independently of one another. Even though all three – Transunion, Equifax and Experian perform the same function of collating financial information about you, they are operated and managed by a different management body and thus, they have their own internal company rules that they use to decide what to [...]