One of several relative unwanted effectsвЂ”or part advantagesвЂ”of becoming and residing debt-free is that you fundamentally have a credit rating of zero. If thatвЂ™s you, congratulations! YouвЂ™re unscorable, and because youвЂ™re hidden to credit sharks and credit reporting agencies, you face an original challenge: how could you convince a home loan lender youвЂ™re a trusted debtor without a credit rating?
It is gonna be only a little toughвЂ”but donвЂ™t lose hope. A mortgage can be got by you without having a credit score. It is completely worth every penny. And weвЂ™re going to demonstrate you the way.
Exactly What Is A Credit History? But first, what is a credit history?
a credit history is a three-digit quantity that steps how good you repay debt. A credit score is an “I love debt” score in a nutshell. Continue reading