Underwriting

How having too much credit can affect you

Yes, you can have too much available credit. There’s not a specific dollar amount of credit that’s considered too much. But, the factors normally come down to your financial and credit history and, of course, the lending guidelines of your…

Why you don’t need a perfect credit score

A perfect credit score is generally not required. In fact, lenders typically have their own set of underwriting terms that include other factors aside from credit score. Your ability to repay the loan, for instance, is often taken into consideration.…

Understanding what credit score you need

The credit score that you will need to obtain credit will depend on a number of factors, including the type of credit that you’re seeking, and most importantly, the individual lender’s criteria. Generally speaking, buying a car requires less scrutiny.…