Search found 3 matches
- Wed Oct 02, 2019 5:39 pm
- Forum: Home Loan Forum
- Topic: Do late repayments affect credit score that much?
- Replies: 5
- Views: 68864
Re: Do late repayments affect credit score that much?
Okay. I plan to apply for a home loan in the next two to three months once my rental lease is up. In the meantime, what can I do to improve my credit score?
- Wed Oct 02, 2019 11:51 am
- Forum: Home Loan Forum
- Topic: Do late repayments affect credit score that much?
- Replies: 5
- Views: 68864
Re: Do late repayments affect credit score that much?
So, this CCR is basically penalising me instead of helping people struggling to meet their repayments. When lenders won’t give you a loan when you have a default what’s the point of this?
- Tue Oct 01, 2019 8:36 pm
- Forum: Home Loan Forum
- Topic: Do late repayments affect credit score that much?
- Replies: 5
- Views: 68864
Do late repayments affect credit score that much?
Hi,
My credit score fell off a cliff because of a couple of late repayments. On top of that, I went through a couple of lenders trying to find a decent car loan. It seems they were marked on my credit report as credit enquiries. I’m afraid my low Equifax score of 450 will disqualify me for a competitive home loan. Do late repayments affect credit score that much? What can I do here?
My credit score fell off a cliff because of a couple of late repayments. On top of that, I went through a couple of lenders trying to find a decent car loan. It seems they were marked on my credit report as credit enquiries. I’m afraid my low Equifax score of 450 will disqualify me for a competitive home loan. Do late repayments affect credit score that much? What can I do here?