Applicant Credit Scores Keep Canal Cove Homes Empty

Canal Cove currently feels like a ghost town as the lots in the neighborhood stay empty. According to the Myrtle Beach HousingOfficials of the estate, their search for qualified homeowners and occupants are taking longer than they thought it would.

Nora Burton, a tenant in the subdivision, shares her story. She says she always wanted to own a house and this led her to apply for a home in the place. She says it gives one a great sense of self-respect and accountability.

She shares that the classes that were given by the authorities have been very helpful for her. She learned about how to manage a home and the responsibilities of being a homeowner. Furthermore, she was able to have her record intact and her scores are now spotless.

According to the Homeownership Coordinator for the Housing Authority of the premises, Theresa Ross, she has personally met the Burton family and they are very close in meeting their desired qualifications for being a homeowner in the premises.

She further states how important it is to have a 620 credit score to own a house and their liabilities to be more than the normal limits. The credit report according to them is the most important information they need from their customers.

Currently, none of the 52 applicants are able to reach their standards. Ross says that the loan officer of the estate, Dan Dickson says that he has found clients that would qualify through their income but not everyone is going to be able to qualify.

However the most important qualification though is still the credit score and the credit report of the tenant. Dickson said that once a person is serious about getting a good credit score he can do something about it.

He further states two reasons why credit scores go low, that is the lack of money or late payments and collections. He says the faster a bill is paid the faster one’s credit is going to be cleared.

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related posts on loans for people with bad credit:

  1. CREDIT SCORES ARE UP, DEBT FALLS: JOIN THE BANDWAGON CREDIT SCORES ARE UP, DEBT FALLS: JOIN THE BANDWAGON Good news for Joes and Janes! According to CreditKarma.com’s U.S. latest Credit Score Climate Report, credit scores are improving. From December 2011 to January 2012, the average credit card debt has dropped by…...
  2. Understanding Credit and Credit Scores Understanding Credit and Credit Scores Bad credit creates many difficulties to get a mortgage, credit card, student loan or car loan. When you have a bad credit record, it creates an impression on the mind of creditors that you are not paying…...
  3. Credit Scores Continue to Improve in The United States Credit Scores Continue to Improve in The United States The recession that hit the United States on 2008 has placed borrowers and lenders alike in a bad place. Credit scores suffered, and worse, it was difficult to get a loan when your…...
  4. Bankruptcy Scores: Another Measure of Credit-worthiness Bankruptcy Scores: Another Measure of Credit-worthiness According to experts, another way for lenders and credit-card issuers to estimate the ability of applicants to pay their debts is through their bankruptcy score. Your bankruptcy score determines your possibility, as a potential borrower,…...
  5. Homes Act to Provide More Affordable Housing in California Homes Act to Provide More Affordable Housing in California The state leaders of California are discussing whether or not they should tax homebuyers to be able to provide more affordable housing for those who cannot buy or even rent a house. One-third…...

Filed under: Creditcredit cardsCredit Score

Like this post? Subscribe to my RSS feed and get loads more!