‘Soft’ Credit Checks: Do They Hurt Your Credit Score?

(TNS)—Lenders use your credit score to determine whether you are eligible for a loan and to decide what terms they are prepared to offer. Credit bureaus keep track of when companies check your score, regardless of the outcome, and checks designated as “hard inquiries” may lower your score. Understanding what constitutes a hard check versus […]

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7 Awesome Ways To Reduce Your Credit Card Debt Before Applying For A Mortgage

Before you even think about applying for a mortgage to buy a house, it is very important that you get your personal finances in order and under control, which includes your credit card debt because it is directly tied to your credit score. In determining your eligibility for a mortgage to buy a house, your credit score is one of the most important factors that your lender will look at as well as your credit history, and this can effect not only your eligibility but also your interest rate that you will pay for the duration of the loan. High interest credit card debt can be very stressful and difficult to escape without a solid plan and good advice that you can start following to reduce or eliminate your credit card debt in order to apply for a mortgage and get your application accepted. One of the metrics that your […]

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