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2. 10 Things You Can’t Buy If Your Credit Score Is Under 600 ...

   www.aol.com/finance/10-things-t-buy-credit...

   With a credit score under 600, most captive lenders and lease programs for these brands won’t even consider your application. Many restrict their best, lowest leasing offers to those with credit ...

3. Subprime lending - Wikipedia

   en.wikipedia.org/wiki/Subprime_lending

   These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. [3] During the early to mid-2000s, many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial crisis of 2007–2008. [4]

4. Is 600 a good enough credit score to buy a house? - AOL

   www.aol.com/finance/600-good-enough-credit-score...

   A 600 score will not be high enough to qualify for a conventional home loan, so look into FHA loans, which have lower requirements: 500 with a 10 percent down payment, and 580 with a 3.5 percent ...

5. Peer-to-peer lending - Wikipedia

   en.wikipedia.org/wiki/Peer-to-peer_lending

   Other forms of peer-to-peer lending include student loans, commercial and real estate loans, payday loans, as well as secured business loans, leasing, and factoring. [ 8 ] The interest rates can be set by lenders who compete for the lowest rate on the reverse auction model or fixed by the intermediary company on the basis of an analysis of the ...

6. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   Notably, 1 in 16 FHA loan borrowers maintains a credit score below 600, while the average credit score among first-time FHA loan borrowers stands at 677. These first-time homebuyers account for 82% of all FHA purchase loans. Additionally, 23% of all homebuyers opt for an FHA loan, with 28% of those aged 37 or younger choosing this financing option.

7. How to improve your credit score for a mortgage - AOL

   www.aol.com/finance/improve-credit-score...

   Type of Loan. Minimum Credit Score. Conventional. 620. Jumbo. 700. FHA. 580 (or 500 with 10 percent down) VA. 620 (VA doesn’t require a minimum credit score, but lenders do)