Credit & Lending

• Which of these is not one of the factors that affect your credit score?
• What factors do underwriters consider?
• Will my credit score go down if my utilization goes up?
• Who do I send a debt validation letter to?
• How long can you owe the bank?
• Is 550 a good credit score to buy a car?
• Can anyone look up your credit score?
• What if my car loan is more than my car is worth?
• What is called debt trap?
• Does credit refresh every 7 years?
• What happens when a promissory note is sold?
• How long do negative remarks stay on credit?
• How long should I wait for another hard inquiry?
• Are you a millionaire if you have debt?
• What credit card do rich people use the most?
• Is it better to have a co applicant in home loan?
• What happens after an interest-only period?
• How many points is a default on credit score?
• Can you really put 3% down on a house?
• Why is a short sale bad for buyer?
• Can you buy someone out of a mortgage?
• Is a HELOC a second mortgage?
• How fast can you close on a house with FHA?
• How do you know if a debt collector is suing you?
• What is a major advantage of using a letter of credit?