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What to do if You Have a Zero Credit Score?

Author: External Author | | Categories: Licensed Mortgage Agent , Mortgage Specialist

Your credit score is a financial metric that represents your creditworthiness to lenders. Whenever you apply for a loan, lenders will access your credit report to assess your ability to make timely payments. If you have a high credit score, lenders will usually be more than happy to approve your application. They may also reward you with a low-interest rate. But suppose you have a low credit score. In that case, they may be hesitant to provide you with funds, as your poor crediting standing indicates your less likely to honour your payment obligations.

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Original Article Source Credits:   Loans Canada ,

Article Written By:  MARK GREGORSKI

Original Article Posted on:  NA

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