Credit Rating?
I work as an env engineer in US, during my student time I raked so many bills in credit cards; I have started paying all of it , and intend to pay them of, however, I am 27 and planning to get settled by next year, I am sure with my credit rating (560), i wont be able to get loan, or any financing for even the basic stuff, will moving to Canada help? Though I know u wont have a credit when u move to a new country, however, no credit is always better than bad credit// Pls advise
Public Comments
- okay speaking from a person who has improved there credit. if your really really late on something and close to 7 yrs since you incurred the debt..dont pay it if you pay one red cent your in for another 7 yrs wait em out and if they want to settle make em play ball and pay little or nothing on it..also make them agree to remove it if your going to pay it off otherwise they will screw you by keeping it on your report
- I doubt moving to Canada would help, but I never looked into that. However shop around some lenders have a way for yoy to get a loan since you are getting back on track. Also, don't let them run your credit score for pre-approval until you narrow your lender options down, too many inquries into your score will make it go down
