The latest Consumer Credit Report by NerdWallet indicates that nearly 50 million Americans are categorized as “deep subprime consumers”. The figure includes more than 30 million millennials. Just like people with excellent credit scores and histories, they are in need of short-term financing. And credit cards are their go-to source. Most Americans who are paying […]
What is a Thin Credit Profile?
Did you know that not everyone needs a credit score to obtain a mortgage? A thin credit profile, as it is called, can still allow you to gain approval for specific loan programs, including the USDA and FHA program, which allows for no or low down payments and very lucrative financing terms. A non-existent or […]