The Saving Advice Forums - A classic personal finance community.

Establishing credit from nothing

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    I am saying you don't need a credit score to buy a house (with cash) or if that is not an option and you do need a mortgage you still don't need a credit score.

    Pay your bills on time, (rent, utilites, etc.) and when the time comes find a broker/lender that does Manual Underwriting for mortgage applications.
    Last edited by Keen; 04-05-2007, 01:49 PM.

    Comment


    • #17
      Put oldest and youngest daughers on a card of ours when they started college. MD we cosigned an auto loan in 2000 for her Honda Accord that she paid off in 3 years.

      I would only cosign for my children. His parents may be willing to cosign a small loan that he could bank and pay back.

      Comment

      Working...
      X