Credit Reports 

Types:
 -Single
 -3-in-1
 -Credit Monitoring System
 -Free Credit Report

Tips: 
 -Improving Credit Scores
 -Building Credit
 -Re-building Credit

Basics:
-Age & Credit
-Seniors & Credit
-Life Changes
-Getting Your Report Yearly
-Credit Report FAQ
-Who Looks at Your Credit?
-What is Credit Scoring?
-What Credit Type Are You?
-How Scores are Computed
-Understand Your Credit File
-Fixing Mistakes
-Sample Dispute Letter
   Sample Follow-up Dispute Letter
-Impact Of Inquiries
-Credit & Mortgages
-Authorized Users

Credit Scoring Blunders
Identity Theft
Credit Help

Mortgages
Auto Loans
Personal Loans
Debt Consolidation
Credit Cards

Home
 -Taxes
 -Managing Money
 -Credit Help
 -Checking Accounts

YOUR CREDIT AND MORTGAGES
No matter if you are buying a home for the first time, looking to move into a new house, refinance your mortgage or take out an equity loan, your credit rating is going to impact the rate and terms of your mortgage, as well as the amount you are approved.

If you are someone that pays your bills on time, and does not have a lot of debt, you have a good credit rating and will have no problem getting a low rate mortgage loan that satisfies your financial needs. But, what if you don't have good credit?

Believe it or not, getting approved for a mortgage with bad credit is not difficult at all. In fact, Star Loans Services has many bad credit home loan products that will make your dreams of home ownership a reality.

Your Credit Does Not Have to Be 'Perfect' to Be Considered Good
If you have only a 1-3 blemishes on your credit report, Star Loan Services will simply request a written explanation as to why these negative marks have occurred. If your explanation is logical, we will likely excuse these isolated issues - particularly if these marks are old and your credit has been strong since.

Star Loan Services is most interested in what kind of credit practices have been exhibited over the last 1-2 years. Signs of good credit offer some flexibility for a rare late payment. When judging an applicants credit worth, we look at the following:

 -- Revolving credit - This means credit cards. You should have no more than two late payments for at least 60 days and no more than three payments 30 days late.
  -- Installment credit - This means car loans. You should have no more than one late payments for at least 60 days and no more than two payments 30 days late.
  -- Rent or mortgage payments - No more than one late payment.

Credit Scores  Are Not the Only Thing Looked at When Determining Your Credit Value
Determining your credit has become very sophisticated. Other factors are being used other than your score. For example, when determining what kind of risk applicants are, some lenders will look at how many credit cards are 'maxed out' (indications of the inability to manage and pay debt).

In addition, having many inquiries on your credit report is considered negative by some lenders. Too many inquiries is an indication that you have applied for, and been denied credit more than one time or that you have too much credit.

Star Loan Services has a lending network that gives us the flexibility to be more lenient in our credit ratings. Therefore, having maxed out credit cards and multiple credit inquiries is most likely not a major issue when applying for any type of mortgage or loan with us.

'Compensating Factors' Can Improve Your Credit Rating
Below is a list of some compensating factors:
  -- A hefty down payment.
  -- An existing loan or mortgage requiring large payments will exhibit your ability to cover larger than normal expenditures.
  -- A positive credit history will outweigh a current low net worth.
  -- A high net worth will outweigh a current low income.
  -- The probability of a career improvement and/or salary increase as a result of the furthering of your education and/or job training. This scenario is good for young adults with a high amount of student loan debt.