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Do you Need a Credit Score to Rent a House or Apartment. – Landlords may also check your credit score. There are credit scores specifically for making rental decisions. These scores evaluate your financial situation and help the landlord determine the likelihood that you will pay your rent on time. Your credit report and score is like a financial report card and shows your potential landlord how.
This reduces the risk for the lender allowing them to reduce the credit score needed to buy a house. The Federal Housing Administration will back a loan if the borrower has at least a 500 credit score and a 10% down payment. However, it is very rare to get approved for an FHA loan with a credit score below 580.
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Tlaib bill would prohibit use of credit scores to set car insurance rates – She said California Rep. Maxine Waters, who chairs the House Financial Services Committee, is "extremely supportive" of her bill. A practice dating to the 1990s, auto insurers use credit scores to.
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