credit building tips: 3 Tips for Building your Credit Score from Zero
- 07/09/12 11:25 AM
Most mortgage lenders today base the borrower's eligibility guidelines for credit on their personal credit reports " FICO score". But how do you build a credit(FICO) score when you have never had any credit and no one seems to be interested in giving you credit. That can be a real "Catch 22" dilemma. Here are 3 tips for getting your score off the ground and moving upward to where you can hopefully be credit eligible for a mortgage loan in 9-12 months. 1.) Starter Loan - Go to your bank that you have a savings or checking account with and request a small starter loan, $300 … (5 comments)
Most mortgage lenders today base the borrower's eligibility guidelines for credit on their personal credit reports " FICO score". But how do you build a credit(FICO) score when you have never had any credit and no one seems to be interested in giving you credit. That can be a real "Catch 22" dilemma. Here are 3 tips for getting your score off the ground and moving upward to where you can hopefully be credit eligible for a mortgage loan in 9-12 months.
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