What’s worse: ‘No credit’ or ‘low credit’?

Dear Dave,

My husband and I are trying to buy a house, but we both have low credit scores, so we’re having trouble securing a loan. We’ve heard you talk about getting a mortgage loan with no credit score. Is this the same as a low credit score?


Dear Laura,

No, it is not. No credit score, means you don’t have any credit or your credit score is “indeterminable.” A low credit score indicates you’ve had – or still have – debt in your life, and you haven’t done a good job of paying creditors on time.

Two things will help solve the problem of having a low credit score. One is time. If you’ve had instances of late payments from years ago, time will help heal that to a degree. The older late issues become, the less they count against you.

But my guess is you two probably



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!