Imagine this. You see that beautiful home while driving past the marina. Your heart asks you to get out of the car, pay a visit to the seller and buy the house immediately. But then you realize that your wallet is not as fat as you would expect It to be. This results in you applying for a mortgage loan on the property. Now the first question to hit your mind will be about your credit history. You must be asking yourself whether the lender will grant mortgage, keeping in mind your bad credit history. When was the last time you checked your credit history?  Oh you checked on Credit Karma, well that won't really help.  In general you should check your FICO score 6 months in advance of shopping around for a mortgage. 

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Credit history is a record of your past credit details. It also includes your non payment of debt and credit arrears. Many people, who have previously defaulted in payment of bills, have a bad credit history. Generally,...