Boost economy by allowing low credit scores to purchase home loans. Many people make good money and can afford payments but over time due to economy while helping family. Credit scores accross the US have suffered.
Decrease credit score to housing approval for scores of 540. Allowing americans who have worked hard and struggle to purchase a home. Not just first home buyers. Many people like myself purchased under owener carry and now need to refinance due to contract. Do this for the trump presidency. Otherwise it will take too long to recover nationally.
Yes please. Me and my hisband work hard everyday and we atill cant buy a home because of credit score. Due to medical debt and nothing else. We want to be able to put our hardwork towards a home to pass down something to our son one day.
We defintely need to reduce the factors that affect credit scores and how the remaining ones affect them, but the reality is that credit scores are unfortunately necessary because though some people do make good money, this does not always mean they are willing to prioritze bills. House purchases and rentals are a big one that doesn’t get paid on time. Now, those bills need to and WILL go down, but not paying a bill is not paying a bill and the business about to take a multi hundred or multi hundred thousand dollar gamble on someone has the right to know.