Q: What is a credit score?
A: A credit score is an indication of your credit history and assists in measuring your ability to repay a debt in the future. Get your true credit score here.
Q: Can I buy a home even if I have had bad credit?
A: Yes. Your credit doesn’t have to be perfect to purchase a home. Difficult financial situations are often because of illness, divorce, or temporary unemployment. You will need to demonstrate that the problem was in the past, and you have been able to re-establish a good credit payment history for at least 12 months. Call ELP to discuss your specific circumstance. You may be in a good position to get a mortgage loan.