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About Credit
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About Credit
Credit Problems? You Can Still Shop, Compare,
and Negotiate
Don't assume that minor credit problems or difficulties stemming from unique circumstances, such as illness or
temporary loss of income, will limit your loan choices to only high-cost lenders.
If your credit report contains negative information that is accurate, but there are good reasons for trusting you to
repay a loan, be sure to explain your situation to the lender or broker. If your credit problems cannot be
explained, you will probably have to pay more than borrowers who have good credit histories. But don't assume that
the only way to get credit is to pay a high price. Ask how your past credit history affects the price of your loan and what you
would need to do to get a better price. Take the time to shop around and negotiate the best deal that you can.
Whether you have credit problems or not, it's a good idea to review your credit report for accuracy and completeness before
your apply for a loan. To order a copy of your credit report, contact:
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