July 27, 2012 9:41 am
My credit score is 600. Can I apply for a mortgage loan?
Dear Perfection Jay, can you throw some light on the reasons of 600 score?
Sadly 600 is a low score . Any lender in India is looking for atleast 700+ . If you have score of 700, may be he will look at you , but still will not lend you , he will just look at you ..
With 600 he will not even talk or entertain you . You need a 750+ score to get a loan . See you part credit behaviour , I can sense that you either have not paid some part loan or settled it (paid less than outstanding) or kept on delaying payment for long !
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