Comments on: Poor Credit Mortgage – Can I get a mortgage with a very poor credit rating? http://yourplanstarthere.com/poor-credit-mortgage-can-i-get-a-mortgage-with-a-very-poor-credit-rating/ make plan for better future Wed, 30 Sep 2009 09:30:22 +0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Faye H http://yourplanstarthere.com/poor-credit-mortgage-can-i-get-a-mortgage-with-a-very-poor-credit-rating/comment-page-1/#comment-447 Faye H Tue, 29 Sep 2009 09:47:23 +0000 http://yourplanstarthere.com/can-i-get-a-mortgage-with-a-very-poor-credit-rating/#comment-447 A score under 580 and you are not likely to find many lenders that are willing to give you a loan. You need to work on getting your score up. How did your score get this low with no credit card debt? You may need to get a secured credit card and use it but pay it off every month just to create some payment history, which will raise your score. Also, pay some extra payments on the car to get that debt down. 720-850 - This represent the best score range 700-719 – Able to obtain favorable financing terms 675-699- This is still a decent score range 620-674 – May have trouble obtaining favorable credit terms 560-619 – May have trouble obtaining credit 500-559 – Time to improve your score A score under 580 and you are not likely to find many lenders that are willing to give you a loan.

You need to work on getting your score up. How did your score get this low with no credit card debt? You may need to get a secured credit card and use it but pay it off every month just to create some payment history, which will raise your score. Also, pay some extra payments on the car to get that debt down.

720-850 – This represent the best score range

700-719 – Able to obtain favorable financing terms

675-699- This is still a decent score range

620-674 – May have trouble obtaining favorable credit terms

560-619 – May have trouble obtaining credit

500-559 – Time to improve your score

]]>