If you’ve ever applied for credit – be it a home loan, credit card, phone or electricity account – you’ll already have a credit score. Your credit score is used by lenders to assess your credit-worthiness each time you apply for credit. The higher your score, the better your credit rating, and the more likely you are to be approved for credit. Find out more about credit scores and how you can improve yours with this useful guide.
Topics: NZ Finance, Credit Check, credit score, Bad Credit Home LOan, NZ Mortgage Adviser, Comprehensive Credit Reporting, Home Loan Advice
If a bad credit rating is making it hard for you to get a home loan, it doesn’t mean you need to shelve your home ownership dreams. Credit history can be affected by several factors including missing payments and late payments. Take a look at these five tips to help you get on top of the credit issues that could be impacting your home loan application.
Topics: Credit Check, credit score, Bad Credit Home LOan, Bad credit, NZ Mortgage Adviser, Home Loan Advice, Low Doc Home Loan
