It Still Amazes Me... how people are just not in touch with their credit scores.
- Perhaps they don't quite understand how the score is calculated... thats okay
- Perhaps they don't know the range of scores.. thats okay
- Perhaps they can't remember when the Bankruptcy was filed exactly, but have an idea... thats okay
What I am more surprised with is when you speak with someone and you are very clear to ask them "have you had any foreclosures over the past 7 years or filed bankruptcy within that time". They say no. Great! Then you go on to ask "have you had any collection accounts, charge offs, and reposessions within the past few years". Again, you get either 'no' or 'well I have, but it was over 6 years ago'. We might be able to work with that a bit.
And of course the last question is "have you been making your payments on time or do you have any history of late payments". Rencently I asked this question and the answer was no. Guess what I found?
After asking these questions and a few others, I get an idea of where the client may be credit wise (keep in mind, I said 'and a few others'). Well, according to a recently potential client... they had a pretty clean record. But when I pulled their credit scores... the HIGHEST score was 600.
When asking these questions I was very clear as to what each term meant... collections, foreclosures, repossession. But still they acted as though their score MUST be above 760. This clients report had Collections as recent as June and July. So, either you are WAY out of the loop, you didnt understand the questions, OR you figured I would just not see them... This is what I do for a living. I'm must more willing to jump through hoops for you if you are upfront with me. Chances are very good that you have received phone calls and/or letters regarding these accounts. Tell me about them so that we are on the same page and can address these issues right away.
It Still Amazes Me...
I'll help you get pre-approved for your Texas home loan and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice. If you are available to talk, I am available to listen. Give me a call or visit my website for more details.
Do you want to know all of your mortgage options? Call me today and let's discuss them further.
Always available for your Texas Mortgage and Home Loan needs!
John R Cannata P#214.728.0449
NMLS # 322646
The views expressed on this site are mine alone and do not reflect the views of my employer.