yes, we all have debt, it depends on how you handle it.
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That is a true statement, particularly if you are in accounting, working for a bank or other financial institution. Your credit rating really does indicate how well you follow up and handle your affairs.
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Probably Cant. Lending institutions are in it to make money by lending money if you have no job you have no income. One of the first thing they request for a loan is pay stub, Without a job your to risky to the bank and they are going to laugh you out the door.
Unfortunately, every time your credit rating is "pulled", you take a ding to your credit rating. It's not a big ding, but a ding nonetheless.When you apply for a mortgage, there are several things that the bank looks at, including your debt-to-income ratio (how much you owe vs. how much you make), your past payment history, and other things that reduce their risk, such as how much money you have to put down on the property, how long you've been at your job, and so forth.So, the process of getting rejected for a mortgage doesn't directly affect your credit rating, but pulling a credit report shows up on your credit report. Go figure.
what happens if i voluntarily return my car to the bank due to job loss