Re: Low credit score
07-25-2012 04:27 PM
This happened to my parents last year. A few years ago they purchased a house for me and a new car so I could make the payments on them. My credit was shot so they helped me out. Last year they went to refinance their house and they were shot down cause of debt to income ratio. When they explained their situation to the credit union how I pay for the other house and car they requested my bank statements and as long as I could prove that I was paying for the loans myself they would approve the loan. Needless to say they got the refinance
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scores 7/14 647 622 630 (85%util)
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