Will Bad Credit Prevent Someone From Getting A Home? - CREDIT INFORMATIONFree Credit Report Directory. Find free credit report providers, learn the importance of checking your free credit report annually |
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CREDIT INFORMATION: Will bad credit prevent someone from getting a home?There are numerous types of credit report problems (which may or may not be your fault) that would cause a lender to reject your application for a loan. Such problems include: missing a credit card payment, defaulting on a prior loan, filing for bankruptcy in the past seven years or not paying your taxes. Other black marks on a credit report include a judgment filed against you (perhaps for non-payment of spousal or child support) or any collection activity. If you feel that your credit report is wrong, experts say it's best to take it up with the organization or company claiming you owe them money. But if you've been late paying your bills, regroup by paying in full and on time for six months to a year to prove to the lender that the late payments were an aberration. You can order a copy of your own credit report by calling the three major credit reporting agencies: Experian at (800) 311-4769, Equifax at (800) 685-1111 and Trans Union at (312) 408-1050. ADDITIONAL CREDIT INFORMATION RELATED FACTS Establishing A Credit History Do Most Consumers Pay Credit Obligations On Time? My Husband And I Have Joint Credit Accounts. Should I Have An Account In My Own Name ? What Happens If You Are Late With Your Credit Loan Payments? Bad Credit Can Keep Your From Buying The Home Of Your Dreams What Is Debt Load? Getting Out Of Debt - Reducing Your Debt Load |
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