The NACA program prides itself on character based lending
Which means they will not check your credit score. NACA does not look at you like a number, they look at you like a real human being. Who you were 5-10-15+ years ago is not always an accurate assumption of who you are today. Someone who has a credit score of 500 gets treated the exact same way as someone with a score of 750. All of the NACA benefits apply.
So my score really is not checked? Seriously?
No. Your score is not checked. You still must abide by conditions set forth by NACA such as 1 year of all payments made on time & clean past 2 years credit history. Just because they don’t check your score doesn’t mean this is pre-2008 and they are just giving out loans. Not happening.
So my good credit doesn’t matter at all?
Of course it does. If someone has good credit, it typically means an easier path to qualification. This is on a case by case basis though. There are too many factors to consider. Everybody’s qualification is different. It means you likely don’t have any collections, lower debt, have a lower debt to income ratio, etc. Listen, having good credit is a good thing. It’s just that having average, poor, or bad credit should not be a deal breaker if who you are presently is far different than who you have been previously.