How credit report help subprime lenders to make bad credit home loans in Ohio – OH?
When people in Ohio apply for bad credit home loans, subprime mortgage lenders invariably check their credit report and credit score. Mortgage lenders check bad credit applicant’s credit reports to gauge how likely they are to repay their home mortgage loan. Studies have shown that people who have paid their bills in the past are likely to continue to pay their bills in the future. Conversely, people who have not paid their bills in the past will likely continue to not pay their bills in the future. The idea: past behavior is indicative of future performance. So what would life be like for the subprime lenders and bad credit home loan borrowers in Ohio without the advent of credit reports? Let’s follow the lives of two men: Barney Borrower and Larry Lender. Barney Borrower and his wife, Betty, are new to Ohio. Barney’s employer transferred him to Columbus, Ohio and now they are looking to buy a home in which they can raise their two kids. Ever since they got married, poor money managem
