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This Week In Credit Card News: 6% Cash Back On Streaming Services; Card Debt Becoming Major Concern – [BBC News] U.S. Banks’ bad debt pile creeps higher With Credit Card Losses Credit card losses are outpacing auto and home loans at a rate not seen in at. of your balance you want to pay down. It’s.
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Buying a house in today’s market can seem hopeless for people with low credit scores, but there are options available for bad credit home loans, if you know where to look.
Bad credit can happen to anyone. All it can take to damage your credit score is a few missed bill payments, some maxed out credit cards or even life circumstances beyond your control, such as divorce or serious illness. When you have a lower credit score, it can be much harder to get a home loan.
It is possible to qualify for a loan with a credit score of 550, but you'll need a high. reject your loan application if they feel that you're a very risky borrower.. A larger down payment might help overcome your low credit scores.