Are You "Wimpy" About Paying Your Bills?
"I'll gladly pay you Tuesday for a hamburger today," was Wimpy, the Popeye cartoon character's famous motto.
But Wimpy was always hamburger-less, probably because he annoyed everyone with his sloppy attitude toward paying bills on time. Most of us are a lot better off than Wimpy when it comes to understanding credit. But just wait until you try to qualify for a mortgage loan!
Time to Start Asking Questions... Annoying Questions!
Debt is a fact of life. Who do you know who DOESN'T own a credit card? But few of us really ask ourselves the hard questions until a lender starts asking them, such as: Do you pay your bills on time? How much debt do you really have, especially on your credit cards? Do you have a steady income, and how much goes toward paying off loans?
Tell Me, Really... Why Should You Care?
You wouldn't be concerned if you weren't reading this, but here's one excellent reason to care about credit: To avoid rejection on your home mortgage loan application. According to a national survey, half of people surveyed don't understand their credit is a huge factor in being able to qualify for a home mortgage loan. Unfortunately, those same people are in for a shock in the form of higher loan costs, or in the worst case, a rejected loan application.
You're Smarter Than Wimpy Truly, you are!
Getting a handle on your credit situation isn't rocket science, that's why we offer this Mini-Course, to show you how easy it is. We'll cover the basics of consumer credit and how it affects you, the potential homebuyer.
Ready? Let's begin.
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