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Re: Gsdubb post# 6842

Monday, 04/07/2014 1:00:44 PM

Monday, April 07, 2014 1:00:44 PM

Post# of 106837
Um, not necessarily when they see you just went bad/belly up to a bunch of other creditor(s), not IMHO? Don't think other creditors/investors see what you just didn't pay and walked away from? Why are they going to trust you won't do the same thing to them? Huuum?

Why do you think they run multiple credit report(s) on that ole mortgage app? They want to know IF YOU PAY your prior OBLIGATIONS and IF YOU PAY THEM ON-TIME, and very importantly, CONSISTENTLY. It's the thing they (potential creditors) care about probably more than anything else, even your income situation. Way more than they care about your current debt load too. You can have a boat load of current debt to income, but if you have a long, long history of always paying, and always paying on-time, they often want to extend you even more credit. Hhuuuum?