Posted on: 07th May, 2010 01:31 pm
my brother needs only 1 point on his credit to get a loan what exactly does that mean ?
Hi zzzpalm,
To qualify for a loan, you need to have a certain score, else you may not get the loan. So can you tell me the credit score of your brother, and also the details of his debts? Then I may be able to help you out with this problem.
Thanks,
Sandra
To qualify for a loan, you need to have a certain score, else you may not get the loan. So can you tell me the credit score of your brother, and also the details of his debts? Then I may be able to help you out with this problem.
Thanks,
Sandra
Hi,
If your brother is applying for a loan, he needs to qualify for the loan. The lender checks the credit score, source of income and also the credit history. You have not mentioned about his credit score so it is not possible to guide you properly. To get a loan the minimum credit score required is 620 however, there are some lenders who provides loan with a credit score of 580. Tell your brother to consult with a good attorney and also search for a good lender.
If your brother is applying for a loan, he needs to qualify for the loan. The lender checks the credit score, source of income and also the credit history. You have not mentioned about his credit score so it is not possible to guide you properly. To get a loan the minimum credit score required is 620 however, there are some lenders who provides loan with a credit score of 580. Tell your brother to consult with a good attorney and also search for a good lender.