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Self Pre-Qualification and your Credit Score
Before attempting to obtain a poor credit home mortgage loan, borrowers should first understand exactly where they stand from a credit point of view.
Poor Credit Lenders categorize borrowers using two systems.
The first mirrors standard grades used in school. Borrowers' credit will be evaluated and given a grade, where A is the best, B will be credit showing a bit of tarnish, C represents fairly bad credit, D means very bad credit, occasionally I've even seen some F's.
Remember that humans evaluate most of these credit reports, with the result that some credit evaluators will assign different grades to the same borrowers and that some lenders may assign more or less importance to certain types of negative items on your credit report.
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