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/biz/ - Business & Finance

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29725418 No.29725418 [Reply] [Original]

I’m saving up to buy a house soon but no bank will give me a mortgage because of my “lack of credit history”. What the hell does that even mean? I have plenty of money saved up to cover a down payment, plus I’ve always been on time with my car payment and rent. What do?

>t. Millennial late 20’s with a good career and minimal debt

>> No.29725471

>>29725418
Just buy the fucking house instead of using a mortgage.

>> No.29726650

>>29725418
You can’t even get a secured card with your bank? Try and explain the situation to the loan guy.

>> No.29726835

>>29725418
>minimal debt
That’s the problem, you have to show them that you’re a good goyim who can handle debt.

>> No.29728134

>>29725418
>car payment
this and/or any other loans should have been listed in your credit report.
obtain creditcard, use/repay.
check credit score.

>> No.29728709
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29728709

Why buy a house when you can wait a while and go all in on JIGSTACK

>> No.29728838

>>29725418
I’m not the best at it but if you go to the sites where you check your credit score (ex. Credit karma) they give you ways to increase the score.
One of the big things that helped me was getting a credit card and using 10% of my limit and then just paying the minimum payment in perpetuity.