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Subprime Borrowers With Best Credit Score Denied Help

Travis Armstrong, a long-haul trucker, has made his mortgage payments for six years and has a credit score of about 800 that would entice most lenders. Because he owes more than his home is worth and his debt lacks federal backing, he’s stuck paying 7.5 percent interest, almost twice the rate of new loans.

via Subprime Borrowers With Best Credit Score Denied Help – Bloomberg.

 

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