Credit scores, the very basics

Your credit report is a full list of who you have open credit with, and how loyal you are about repaying those debts. Your credit score is a number compiled based on how you are handling that debt. The algorithm used to determine you credit score changes, but there are some basic rules. Have open

By |2021-11-01T17:51:40-04:00July 27th, 2016|Categories: Money and finance, Mortgage matters|Tags: , , |

How are credit scores calculated?

Long before you apply for a mortgage, it is a good idea to check your credit score. Credit scores determine if you qualify for a loan and the rate you pay for your loan. If your credit score is low, you may not be able to get a mortgage, even if you have the down