Interest on mortgages
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.
Original Article Source Credits: Loans Canada , https://loanscanada.ca/
Article Written By: MARK GREGORSKI
Original Article Posted on: NA
Link to Original Article: https://loanscanada.ca/credit/what-to-do-if-you-have-a-zero-credit-score/