News1 min ago
credit rating
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could anyone tell me how a mortgage company does a credit rating what do they look at and have access to its just that i pay all my bills every month and then waste the rest im always using my overdraft i was thinking if i got a relative to put 10000 in my account just while i was applying for a transfer of equity it would help
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For more on marking an answer as the "Best Answer", please visit our FAQ.the mortgage company will possibly ask for your bank statemetns - and then ask the qeustion of where the �10,000 came from and why. You will then be forced to admit the truth " i did it to try an dlook good" or lie and commit fraud. If they don't ask you, they will in all likelihood think that you have just borrowed �10,000 and will have to pay it back. they will then think that you have more monthly commitments than you actually do have.
So long as you haven't had any problems mentioned above and you have no returned payments on your bank account, you should be fine as stated.
So long as you haven't had any problems mentioned above and you have no returned payments on your bank account, you should be fine as stated.