One of many side-effects—or side advantages—of becoming and living debt-free is that you eventually have a credit history of zero. If that is you, congratulations! You’re unscorable, and because you’re hidden to credit sharks and credit agencies, you face an original challenge: how will you convince a home loan lender you’re a trusted debtor without a credit rating?
It is gonna be a little don’t that is tough—but hope. A mortgage can be got by you with out a credit history. It is completely worth every penny. And we’re going to demonstrate you the way.
What Exactly Is A Credit History?
But first, what is a credit rating? A credit history is a three-digit quantity that steps exactly how well you repay debt. In summary, a credit rating is definitely an « I adore debt » rating. (suite…)