Credit is the money you borrow from somebody. It helps you to build up a credit profile which gets reflected in your credit report prepared by the three credit reporting agencies of US - Experian, Transunion and Equifax. A good credit report helps you to apply for a new line of credit in future at an attractive interest rate. Every credit decision you make, be it mortgage or an auto loan, depends upon the credit score, which is a numerical three digit number based on the items listed on your report.
Banks and credit unions can choose whether or not to take part in the program, but the bill is designed to make loan modification and other workouts a more attractive option. For one thing, the government offers incentives for lenders who offer workouts according to the Hope for Homeowners loan modification program. Participating lenders will have their federal insurance
Credit simply means taking loan or to borrow money from anyone.
The first party is called creditor,and the second party is called debtor also known as borrower.
Credit is the money you borrow from somebody. It helps you to build up a credit profile which gets reflected in your credit report prepared by the three credit reporting agencies of US - Experian, Transunion and Equifax. A good credit report helps you to apply for a new line of credit in future at an attractive interest rate. Every credit decision you make, be it mortgage or an auto loan, depends upon the credit score, which is a numerical three digit number based on the items listed on your report.
Re : Credit
Hi,
Banks and credit unions can choose whether or not to take part in the program, but the bill is designed to make loan modification and other workouts a more attractive option. For one thing, the government offers incentives for lenders who offer workouts according to the Hope for Homeowners loan modification program. Participating lenders will have their federal insurance
Hi dilip
Credit simply means taking loan or to borrow money from anyone.
The first party is called creditor,and the second party is called debtor also known as borrower.
Takecare
Aneek Alam