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Originally Posted by Dead
No debt at all apparently is a bad thing?
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Yes and no.
Banks like to see a proven history of credit repayment - that's what they give lending weight to mostly.
Banks are inherently suspicious of someone with no debt at all...since they go on the assumption that almost everyone conducting legal business incurs some measure of debt at some point.
I always had a flawless credit rating personally prior to starting the biz. And was rather shocked when I learned the biz was actually hurting my overall credit score. I had to scramble and take a crash course on finance to sort through it all.