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khevrole90
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Joined: Jan 03, 2012
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PostPosted: Wed Jan 04, 2012 4:11 pm    Post subject: hi Reply with quote

Knowing your credit score is critical if you want to know your chances of getting approved for a mortgage loan. The higher your FICO the better your odds of getting your mortgage loan application approved. Mortgage companies will close their coffers to consumers who have not shown good fiscal restraint over the past couple years. If you find yourself if this situation and you have a credit score below 700, Suze Orman says you have a bad credit score and you will probably not get approved for a home loan. In the olden times, people obtained the resources they need for their daily living through exchange of goods known as barter trade. For instance, they traded their field harvests for a neighbor's fabric they can make into clothes. For some time, this kind of system worked but with the booming population and the corresponding increase in demand for resources, such direct exchange of goods has become impractical and obsolete. Some people make the mistake of accepting credit cards that are disguised as business credit cards when in fact the cards will hold you personally liable for it. A genuine business credit card on the other hand will not hold you personally liable and your personal credit history will not be affected when you default or have other inconsistencies with your business credit card.
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