Zero Credit Rating Doesn't Mean Bad CreditFifty-three million Americans have no credit score at all.
Qualifying For A Mortgage Is Easier Now, But Many Factors Affect Loan ApprovalFannie Mae and Freddie Mac, the companies that federally insure the majority of the nation's mortgages, are relaxing their FICO score requirements, sometimes as low as 620.
Credit 'Inquiries' Could Lower Credit ScoreWhen you apply for credit, you authorize those lenders to ask or "inquire" for a copy of your credit report from a credit bureau - which could actually lower your credit score.

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