I know that with most other kinds of long term loans and such that the borrower's credit score is a major factor in the approval process. And then it is sometimes even used in determining what terms and conditions a consumer is offered. Is this the same with a trust agreement?
If so, what kind of credit scores are we looking at needing to have? My credit is not the worst in world, but it certainly isn’t the best either. My husband and I have experienced some financial upset due to issues that were not our fault but that have affected our credit history negatively anyway.
I’m always looking for new ways to explore and learn about the financial world, and using a trust receipt is something that I am largely unfamiliar with.