Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
darkforest111

0 Contributions
0 People Helped
even if I have fair credit does a past debt still come in to play when getting loan?
I have fair credit now after getting a credit card and paying my bills I went from poor to fair! however I noticed a debt is still on my credit report, even tho my credit is fair would the person giving me a loan still look at my past debt?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1131 People Helped
Most Helpful Response

Hi

Helpful to 1 out of 1 people

Different lenders look for different things. It really all depends on the lender as to if it will hurt you or not. Most prime lenders will use it as a strike against you yes, but prime lenders won't deal with a fair score anyway. The age of the debt has a lot to do with it too. Is it an old debt or a recent one? If it is recent it will harm you more than an older one will. There are finance companies and such out there that provide subprime loans but they are very expensive with very high interest, but if you really need a loan sometimes you got to pay for it. Just make sure that you find a lender that will report to all 3 credit bureaus on a monthly basis.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.