Tag Archives: loan pre-approval
Q: In the past couple years, I have had 3 charge offs on my credit (one is a cable bill and the others are credit cards). If I pay them off, how much will they affect my credit and my ability to get a personal loan? Read More.
I just moved to NYC from outside of the United States, so I don’t have American credit. How can I build my credit so that I can buy a co-op or condo in NYC within the next two years?
Q: I just moved to NYC/the U.S. and it seems I have pretty much no American credit. I am planning on buying a co-op or condo in NYC within the next two years. How can I build credit with a purchase in mind? Read More.
Q: I found a collection account on my credit report and wasn’t sure what to do. I was going to pay it immediately but after listening to the radio show, I wasn’t sure if it was the right thing to do. Please let me know. Read More.
Q: I recently attended a Driver’s Ed course, and the instructor mentioned that your driving records could affect your credit. Is this true, and if so, how much does it affect it? Read More.
Q: I ordered all three of my credit reports from Experian, Trans Union, and Equifax and I paid to buy my scores as well. Please tell me why two of the three scores might be so different from the third? Experian was a 740, Trans Union a 620, and Equifax was a 625? Read More.
My friend told me that having a high debt on anything on my credit would hurt me. I just got a new car. Is the fact that the balance due is high going to hurt my credit?
Q: My friend told me that having a high debt on anything on my credit would hurt me. I just got a new car. Is the fact that the balance due is high going to hurt my credit? Read More.
If a buyer is looking to move quickly on a property, do they need to be pre-approved or pre-qualified?
Q: I’m a realtor in PA with a well known company, and we also have a mortgage company. You keep saying that you need to be pre-approved, not pre-qualified. Our lender says that it cannot be a pre-approval if a client is looking to move quickly on a property because pre-approvals need to go to underwriting, and underwriting is working on all the transactions in the works, which can be a time-consuming process. They of course check credit, get W2, and pay stubs. Read More.