Is FICO Fair? Just Ask
Seven years ago, we looked into refinancing the small balance left on our “dream home.” With no credit cards and original financing by the previous owner, we ran into some roadblocks. A couple of the lenders we contacted said that we had “Insufficient Data” in our credit report and wouldn’t consider us for a loan. We finally did find a source — our bank, where we had a long-standing history of deposits. But our options were limited. The same type of problem occurs with young people, those who are recently widowed or divorced, legal immigrants with no U.S. credit history and people who just prefer to deal in cash.
Want to read the whole article, as well as our entire archive of articles (more than 300 and growing) written by Steve & Annette?
We offer inexpensive subscriptions to access to every article of every article we've ever written.
Head over to the AmericasCheapestFamily.com Member Archive with Q&A subscription page to learn all about it. Your subscription also gives you access to us (Steve & Annette) directly via email to ask our advice on your 4 most pressing economizing questions. So don't wait, check it out now!
