Lenders Usually Look More

Saturday, August 30th, 2008 at 9:25 pm

Lenders usually look more favorably on borrowers with no credit than those with below average credit. Borrowers with no credit are usually offered rates compared to borrowers with good credit. However, they must prove they are responsible through what is called alternative credit grading. Lenders will grade your credit based upon accounts usually not found on a traditional credit report.

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