I want to know what methods or tools lenders typically use to check a person's credit history or creditworthiness when considering a loan application.
7 answers
KDramaCharm
Wed Jan 15 2025
Mortgage lenders often rely on FICO® Scores obtained from various credit bureaus.
BlockchainBaron
Wed Jan 15 2025
These scores play a crucial role in determining a borrower's loan eligibility.
Lorenzo
Tue Jan 14 2025
The terms of the loan, such as interest rates and repayment periods, are also influenced by these scores.
Caterina
Tue Jan 14 2025
Many mortgage lenders do not retain the mortgages they issue.