A question we get all the time is how are you going to borrow money if you have a credit score of zero? Our answer is simple, we never plan to borrow money ever again, from anyone or for any reason. The next question we get is what about when you want to buy another house? That answer is simple too, we plan on paying cash for our next house! We are serious no more debt for anything, anybody or any reason.
We have kicked debt out of our lives and plan to never borrow money again, even for our next house. We have built relationships with small home town banks and credit unions. We know the bank managers by name and they know us. If we ever changed our mind, highly unlikely, and needed to take out a mortgage, these banks/credit unions and ChurchHill Mortgage will look at us as a customer not a FICO score. They can and will do manual underwriting which allows them to review your credit worthiness by looking at your income, savings, employment history, ability to pay recurring expenses on time (rent, electricity, cell phones, etc). No it isn’t as easy as walking into any old bank and getting a loan but we believe this is what put consumers into the mess we are in today. American consumers owe more than $12 trillion of debt of any kind. The average household with credit card debt has credit card balances totaling $16,748 and an average debt, including mortgages of $134,643. These numbers show the stranglehold debt has on Americans.
Eliminating debt and living debt free has given Tish and I a sense of financial peace and we are passionate about helping others find that financial peace as well. We would love to share with you how we got here and help you eliminate debt from your life just contact us for a FREE consultation.