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Non-investing private finance points together with insurance coverage, credit score, actual property, taxes, employment and authorized points resembling trusts and wills.
Do CCRC’s run credit checks?
I do know that they require numerous monetary data, and I used to be questioning if credit score worthiness is a part of that.
One factor that humbles me deeply is to see that human genius has its limits whereas human stupidity doesn’t. – Alexandre Dumas, fils
Re: Do CCRC’s run credit checks?
Persevering with Care Retirement Neighborhood.
Sometimes with three phases: unbiased dwelling, assisted dwelling, and nursing care.
Meet my pet, Peeve, who likes to convert non-acronyms into acronyms: FED, ROTH, CASH, IVY, …
Re: Do CCRC’s run credit checks?
delamer wrote: ↑Fri Aug 30, 2024 4:52 pm
For these with current expertise in making use of for entrance to a CCRC — for your self or a household mmber/pal — did the ability run a credit score test or acquire a credit score rating for candidates?I do know that they require numerous monetary data, and I used to be questioning if credit score worthiness is a part of that.
I not too long ago obtained a monetary pre-approval for a CCRC and there was no credit score test. The monetary type requested about belongings (with provision of current month-to-month statements), earnings, and liabilities with the proviso that the undersigned certify that the knowledge offered is true and that acceptance is conditioned upon these representations. Moreover, the applicant needed to agree to provide further monetary data on occasion upon request or attributable to main adjustments. And so they needed to agree to not switch or scale back assets they listed to hold out commitments to the Neighborhood.
