| Credit assessment |
Your credit is calculated as
either Good, Fair or Needs Improvement. A good credit
assessment means you should be able to qualify, within
the limits of your income, for most loans. You are also
much more likely to receive the best interest rates available.
If your credit is fair, you will probably not have trouble
qualifying for a loan, but you may not receive the best
available interest rate. If your credit rating needs improvement,
you may have issues that could limit your ability to qualify
for many loans. |
| Consumer loan payments |
Enter the number of consumer
loan late payments you have had in the last two years.
Consumer loan payments include as car loans, student loans,
and credit cards. |
| Mortgage or rent payments |
Enter the number of late mortgage
or rent payments in the last two years. Mortgage and rent
payments include the following types of payments: mortgage,
rent, equity line and second mortgage payments. |
| Bankruptcy last two years |
If you of any of your co-borrowers
filed for bankruptcy within the last two years, mark this
entry as "Yes". |
| Bankruptcy three to seven
years |
If you or any of your co-borrowers
filed for bankruptcy within the last seven years, mark
this entry as "Yes". |
| Foreclosure last two years |
If you or any of your co-borrowers
had a property sold under foreclosure within the last
two years, mark this entry as "Yes". |
| Foreclosure three to seven
years |
If you or any of your co-borrowers
had a property sold under foreclosure within the last
seven years, mark this entry as "Yes". |
| Open lien |
If you or any co-borrowers
have open collection items, charge-offs, judgments, or
liens mark this entry as "Yes". |
