One of several unwanted effectsвЂ”or part advantagesвЂ”of becoming and residing debt-free is that you fundamentally have a credit history of zero. If thatвЂ™s you, congratulations! YouвЂ™re unscorable, and because youвЂ™re hidden to credit sharks and credit reporting agencies, you face a distinctive challenge: how will you convince home financing lender youвЂ™re a dependable debtor without a credit rating?
It is gonna be just a little donвЂ™t that is toughвЂ”but hope. A mortgage can be got by you with no credit rating. It is totally worthwhile. And weвЂ™re going to demonstrate you the way.
Exactly Just What Exactly Is A Credit History? But first, what is a credit history?
a credit history is a three-digit number that steps how good you repay debt.