Among the unwanted effectsвЂ”or side advantagesвЂ”of becoming and living debt-free is that you sooner or later have a credit rating of zero. If that is you, congratulations! YouвЂ™re unscorable, and because youвЂ™re hidden to credit sharks and credit reporting agencies, you face an original challenge: how will you convince home financing lender youвЂ™re a dependable debtor without a credit history?
ItвЂ™s gonna be just a little toughвЂ”but donвЂ™t lose hope. You may get a home loan with out a credit history. ItвЂ™s totally worth every penny. And weвЂ™re going to demonstrate you the way.
Just What Is A Credit Rating?
But first, what is a credit history? a credit rating is a three-digit quantity that steps exactly how well you repay financial obligation. Read more