Asked by eblas0709  |  Submitted March 07, 2017

I need to refinance but my credit score is very low. What are my options?

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  Answers  |  2

March 07, 2017

Your first step should be to see your credit score, and full credit report, for yourself. There may be errors or other items on there that are negatively impacting your score that you could work to have removed or corrected. By signing up for Credit Manager by MoneyTips, you could see your full report for free and know what lenders are using to evaluate you. While there are lenders who will work with lower-credit-score customers in some circumstances, it may cost you more money in the long run, so you may want to work to rebuild your score first.

These articles will provide you with more tips to raise your credit score:
5 Things Not to Do When Rebuilding Your Credit
How to Rebuild Your Credit Score Fast
5 Steps to Rebuild Your Credit

$commenter.renderDisplayableName() | 09.26.20 @ 10:39


March 14, 2017

Thanks for the question.

This depends on many factors: What loan amount? Value? Type of program needed? Actual credit scores?

It's a good idea to have an actual lender pull and provide you with a free lender "tri-merge" report so you have lenders scores to work with, and also detailed itemization of your credit history to work with in regards to trying to address any specific issues that can be addressed. Hope this helps. Feel free to contact me through my profile.

$commenter.renderDisplayableName() | 09.26.20 @ 10:39