Below Average Credit?

    Credit - pic

    “D’s get degrees too” my friend tells me as I complain about my upcoming test.  I recently decided to go back to college and finish my degree after way too many years.  As bad as that sounds, it is absolutely true and it is a comfort after a particularly tough test.

    Not everything in life goes that way, but did you know buying a house does?

    In August of this year, researchers calculated the national AVERAGE Fico score.  It came in at 695.  Most lenders can qualify at a 620 which means even if you are below average at making payments on time or paying more than your minimum payment, chances are you can qualify to buy a house.  So not only do “D’s get degrees” but “D’s get houses” too!

    One of my favorite websites to check my credit is CreditKarma.com.  It will give you a ballpark but don’t be discouraged if it is lower than anticipated.  Your best choice always is to talk to a lender to get an accurate score.  You have nothing to loose and so much to gain!

     

     

    Trackback from your site.

    Leave a Reply