One Credit Problem Shouldn’t Stop Loan

Regarding Robert Bruss’ Real Estate Q & A column on Sept. 25, the person seeking seller-financing because of a “messy credit problem” due to a co-signed auto loan should be advised if this is the only lapse on his credit report, he should be able to obtain financing through an institutional lender.

Perfect borrowers are the exception, not the rule. Lenders deny approval when there is a pattern of untimely payments or ignored obligations, but not for an isolated credit blemish.

ANNE ELLIOTT

Senior Vice President

CUB Funding

Calabasas