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The Minimum Credit Score for a VA Loan

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However, qualifying members still need to meet specific credit requirements to get approval from a VA loan officer. Here’s what you should know about the minimum credit score for a VA loan. What is the Minimum Credit Score Requirement for a VA Loan? That often includes a minimum credit score.

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

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A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk.

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Ways Credit History Can Impact Everyday Life

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Without a credit history, there is no way for lenders to verify eligibility for loans, rentals, jobs, and insurance policies. On the other hand, your credit score is the number calculated from your credit history and credit report information. FICO scores range from 300 to 850.