Monday, December 03, 2007 8:21 AM

Will bad credit keep me from getting a loan?

Not necessarily. If rocky credit has turned you into the most unpopular loan-seeker on the block, think about applying for the loan under your spouse's name only (assuming his or her credit is in better shape then yours). It's not ideal, because with just one salary involved, you'll have less-attractive loan options with higher interest rates. But don't despair: When you've finally whipped your own credit into shape, you can add your name to the paperwork later.

Posted by Nest Erin

Comments

re: Will bad credit keep me from getting a loan?

Bad credit will keep you from getting a good loan. Why not wait to buy when your credit is higher- you will get better loans and better rates! While you are improving your credit you could be taking this time to save more money for your down payment, closing costs and all the fun things you will need to buy once youre in your new home.

Posted by sweettarts    Thursday, September 20, 2007 9:46 PM


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