Comments on: Home Mortgage Refinancing: The Ups And Downs Of Having A Bad Credit Score

By: Dean Kirkland

Dean Kirkland — Tue, 27 Dec 2011 06:50:24 +0000

I have pretty bad credit. Really appreciate the creative ideas here. Gives me a little hope.

By: Caitlin

Caitlin — Wed, 05 Oct 2011 19:13:19 +0000

I think Barbara Houston’s idea of incorporating a class on finances and credit in highschool is a good and interesting one. As a recent grad from college, I wish that I would have had a class or at least available information on credit. I don’t have bad credit, but essentially NO credit. I think that it is important for people to start building credit at a young age, because when you hit the age of 23 ro 24 and want to buy a car or buy your first home you need credit to do it. I have faced dificulties myself that could have been easily avoided even if I had gotten a credit card that I paid off every month or gotten a loan with a co-signer for my car rather than keeping it under my partent’s name. No credit may not be AS bad as BAD credit, but it certainly makes things difficult. People should be educated on ways of building, and hurting, your credit from a younger age.

By: Scott Alexander

Scott Alexander — Thu, 15 Sep 2011 07:43:00 +0000

Refinancing helped to have a great quality house and lot today. This is an effective method so that you can cope in mortgages.

By: Barbara Houston

Barbara Houston — Fri, 05 Mar 2010 17:38:39 +0000

It appears that the value of a good credit score is not appreciated by many people until they try to either purchase a home, lease an apartment, or refinance their home. Would it be a good idea to include a class on finances, including the importance of a good credit score, in our high school curriculum? It makes a huge difference in the standard of living for those with good scores and those with inferior and bad credit scores.

By: Corona Homes For Sale

Corona Homes For Sale — Sun, 14 Feb 2010 17:03:54 +0000

You need to weigh the advantages and disadvantages of a mortgage refinance loan. it’s so critical that you don’t become short sighted. Think in terms of more then a few years’ think long term when making a decision on any mortgage.

By: Home Mortgage Kansas

Home Mortgage Kansas — Sun, 31 Jan 2010 00:40:11 +0000

Thanks for the article. I keep having reason to send more and more people your way. I think that this is a fair assessment. I always tell people you are way better off having good credit (obviously!), but it is not always the case in real life. I think that in a bad credit situation, you really do have much less to lose trying to refinance. A very optimistic look at a bad, sometimes embarrassing situation.

By: Red Bank Divorce Lawyer

Red Bank Divorce Lawyer — Sat, 30 Jan 2010 19:30:06 +0000

Great article. The other thing to note is that your credit score can fluctuate wildly from day to day. You also need to pull your credit report to figure out why your credit score is what it is as there may be serious errors.

By: blackberry ping

blackberry ping — Fri, 29 Jan 2010 08:29:01 +0000

Seems to be a very tricky way of dealing with your existing debt: leding new funds to pay off the old debts. I presume that with locale is meant those people in your direct neighbourhood / relatives. It seems that you really have a problem when you have a troubled credis history. To me it looks like the best way to deal with fortcoming problems is to find new incomesources and pay of your debts.

By: Improve concentration

Improve concentration — Thu, 28 Jan 2010 12:08:56 +0000

Excellent article, some really useful tips

By: kku

kku — Sun, 24 Jan 2010 12:52:15 +0000

thanks for article. good information here.