if you obtain a credit card with a high limit it will not affect your credit as long as the card is in good standings .. however if the card is maxed out it could affect your credit score wich will intern stop you from getting a loan. although it may not stop you from getting your loan but it will affect your interst rates
Multiple inquiries will not affect your chances, the only way it would affect you getting a home loan is if your credit score was impacted. Be careful with applying for credit cards, the inquires affect your score negatively.
One generally doesn't receive bad credit for getting a bank loan. A bank loan can be denied though, if one has bad credit. Bad credit can occur if one does not pay credit card bills on time.
Denied a loan; or depending upon the wording, borrowing on a loan...such as revolving credit...a credit advance.
If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you already have a home mortgage, having bad credit will not affect it. If you have bad credit and go to get a mortgage, you run a risk of being denied a loan until bad debts are taken care of and even then you may have a higher rate.
A bad debt can affect your chances of getting a major loan such as a house loan. Bad debts lower personal credit ratings and banks are opt to reject loan applications because of this.
yes, when you apply for an auto loan and get denied, it will hurt your credit. first, just applying for credit is a hard hit by 2 to 5 point lost.
In the US, no it won't. Your credit and job history do not play a part in student loan eligibility.
not if you make your payments like you should a cosigner is only called upon if you default on your loan
Hi, I think it will be hard on you. I got denied many times with a 680 credit score. I thought that was a high score.
Getting a home loan with bad credit is increasingly difficult in the United States. There are limited loans from the Federal Housing Administration (FHA), but short of having a large down payment, those with bad credit are mostly likely to be denied.
Yes, if you default on any loan it will affect your credit rating negatively.