Tag Archives: credit

Dont Lose HopeThere Is Bad Credit Financing

Dont Lose HopeThere Is Bad Credit Financing There was a time, not all that long ago, when it was fairly simple to receive bad credit home loan financing. One of the major providers of such a service was Countrywide. Unfortunately, they were giving loans to high risk borrowers and eventually Bank of America took over. Countrywide were such big players in the market that their absence makes it more difficult to get bad credit home loan financing today. But don't lose hope. It is still possible to get this kind of financing, however it will probably take a bit more time to find what you're looking for.

Credit Score Range

Credit Score Range The most common credit score range used by credit bureaus is between 300 and 850. This is also the same credit score range used in the FICO (Fair Isaac Corp.) score, which is considered by most as the premier credit scoring system. Consider these numbers as the two frontiers of your life. 850 means you can get a loan to buy an island and a luxury villa and a yacht. 300, on the other hand, means that your credit is so bad that you can’t get any.

Bad Credit History Home Mortgage Funding – Take It To The Financial institution

Bad Credit Scores Residence Lending Financing - Take It To The Financial institution It utilized to be pretty simple to get poor credit report mortgage financing. Countrywide specialized in these home loans. However, most of us know what occurred to Countrywide-- it failed as well as Financial institution of America was forced to purchase up its negative possessions. Consequently, poor credit rating home mortgage funding is much less offered today. That does not mean you can not obtain negative credit rating mortgage financing. It simply suggests you'll have to dig a little much deeper to locate it.