Does Perfect Credit Guarantee a Mortage loan?
August 26th, 2010 . by adminYou would think having a perfect credit score would mean that a bank, any bank would be willing to loan me some much needed cash.Well if you thought that you would be wrong. My credit score is perfect because i have never borrowed money or owned a credit card in my life. Imagine my surprise when the bank shut me down because they did not think I would be able to pay them back, even though I had a mortgage loan with them! Doesn’t a good credit score say that you are a trustworthy person and therefore likely to pay your I.O.U’s? It really makes me want to scream. I know people with a terrible credit score who get money loaned to them faster than I can say “Jack Robinson”.