I want to buy a home. But my credit score is very low: 550. Lender is not agreeing to give me a loan. In this situation what will be my action so that I can get a loan?
It’s very difficult to get a loan with a low credit score. Usually financial institutions or banks don’t want to give out a loan, if you have a poor credit score. So your best action will be to improve your credit score. Pay off your all outstanding bills on time. Try to add positive information on your credit report. I hope this will help you to improve your credit score gradually with time.
What will be my action?
It’s very difficult to get a loan with a low credit score. Usually financial institutions or banks don’t want to give out a loan, if you have a poor credit score. So your best action will be to improve your credit score. Pay off your all outstanding bills on time. Try to add positive information on your credit report. I hope this will help you to improve your credit score gradually with time.