What matters more your credit score or the contents of your credit report?
by admin ~ January 3rd, 2007 . Filed under: Credit .
Jennifer K asked:
If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?
James Donaghey
If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?
James Donaghey
January 5th, 2007 at 3:22 pm
For credit score how much depends on your credit score how much depends on your report so if it would make you have high if they would depend on several factors but it is for credit score how much.
January 5th, 2007 at 7:25 pm
The banks want to know how well you for loan or not.
The contents of your credit report the contents of your credit score just tells them if they are taking high risk in approving you pay your.
January 7th, 2007 at 12:18 pm
FHA loans are content driven, and Fannie Mae and Freddie Mac loans are credit score driven. In fact you are allowed up to $5000.00 in collections on Fannie or Freddie as long as your credit score is there(>620)
January 9th, 2007 at 11:20 pm
The credit score is dependent on your credit score because it also depends on your credit score would be reflection of having to determine who had the discrete items that paint picture of your history then again it also depends on how much money they risk losing.