Have you been wanting to purchase a home but are worried that your credit score is not perfect? Did you know that just 1.2% of Americans actually have a perfect credit score? Don't let a lack of perfect credit hold you back from buying your dream home!
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. They couldn't be more wrong!
According to Experian, a FICO® Score of 670 or above is … (30 comments)
credit: Do You Need PERFECT Credit Or A Large Downpayment To Buy A Home?
- 07/12/15 06:19 AM
Do you need PERFECT credit or a large downpayment to buy a home? No, you don't. It's time to"debunk" the myths that you need perfect credit to buy a home and/or that you need a large downpayment to buy a home, as well as the myth that it's harder than ever to get approved for a home loan. Unfortunately, many prospective home buyers are sitting on the fence these days just when they should be buying while home prices are reasonable and interest rates still low, because they believe they need perfect credit and/or a large down payment and/or that getting … (12 comments)
credit: The Battle Of The Sexes: Who Manages Credit Better? Men Or Women?
- 12/18/14 02:14 AM
It's the proverbial battle of the sexes--who manages their debt and credit better? Men or women? From Keeping Current Matters and Experian comes the following infographic comparing how men manage their credit/debt versus women.
A quick look at the numbers indicates that the differences are not that huge. But that being said, on the whole women have a slight edge over the men in "the battle of the sexes" with respect to credit and debt management, as they use less of their available credit, have a one point higher credit score, and just over 4% less debt than men.
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