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Developers Help Home Buyers Fix Their Credit
Desperate to sell homes, developers help prospective buyers boost their credit scores.
 
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Posted 9:56 AM EST May 02, 2008
Posted by: clynema
Credit scoring is not created equal however, people with low scores because they do not pay their bills or do not pay them on time will have lower scores because of that. consumers need to realize paying bills late has consequences those consequences are that you sometimes cant get credit for things. Lending for anything is going to go back to, do you have the ability to pay and the willingness to pay... not just 2-3 months so you can buy something and then go back to paying late - a history of paying on time. Come one consumers get it together! www.indigodearborn.com
Posted 11:33 AM EST April 05, 2008
Posted by: jc-vista
With tighter standards for lending and 10% down plus three months put into escrow it sounds like the lender should be able to hold down interest rates if 700 plus ratings are also required.
The lease to purchase idea sounds good and should give future potential buyers and developers income in the meantime. As stated, most of the credit reducing habits for spending will probably continue unchanged to spite the counsellings. Hopefully the bulk of people will benefit from these offers and plans.
Posted 3:05 PM EST April 03, 2008
Posted by: fredhepper
Just the place I would want to live... Neighbors all with bad credit.
Posted 1:50 PM EST April 03, 2008
Posted by: goarmy1
Wake up! The credit score is a scam developed by lenders to extract the maximum interest rate from all borrowers. The credit score has about as little credibility as the DJIA; neither reflects reality.
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