credit status - Posted by john

Posted by Bruce Lawson on March 15, 2001 at 16:34:35:

As I mentioned in another post you will find financing but you will not qualify for the great rates available. Usually with a score of 575 a lender may look at your mortgage history,open debt and income plus a few other things to determine if your worth the risk. The lender may say ok but you most likely will pay elevated interest rates.

credit status - Posted by john

Posted by john on March 15, 2001 at 15:32:00:

I have a credit rating of 575 is this good or bad?,and how will this afect my borrowing power?