As a Loan Officer, I have helped many individuals obtain homes as part of my profession duties. From my experience, I can foresee difficult times ahead for those who have bad credit. Recent news stories are misguided in their condemnation of people with poor and bad credit as the cause of the current housing crisis. [...]

Lenders generally use the information from credit reporting agencies to determine the risk of a borrower when he/she applies for credit. Credit cards are essential in today’s society and when managed well are a great tool

Are you making ineffective attempts to raise your credit score? Would you really like to learn some foolproof methods to change your credit for the better?

You didn’t really expect this to happen. It just didn’t seem like a lot of money at time, but a couple months have passed and when you look at your credit card statement it dawns on you that you’re in serious trouble and there seems to be no way out.

You might be thinking to yourself, does closing a credit card hurt your credit score? The short answer is a definitive, yes! Although, you may have been advised by a lender that closing a credit card can help your FICO score, that answer is just plain wrong. In fact it is one of the things [...]

No one wants to make late payments on their credit cards or loans and negatively affect their credit report and score unless it’s absolutely necessary. What happens if it’s unavoidable?

The financial industry offers a long list of privileges to those who have an excellent credit score. If you are one of the privileged who have an excellent credit score

How does applying for a credit card hurt my credit score?
Credit card companies make an inquiry to your credit report every time you apply for a new credit card. These are more commonly known as hard pulls.

If you need to write a dispute letter to credit agencies, the Federal Trade Commission has a very good example of one posted on their website that you can use as a template. If you write a poor letter, it does not mean that you won’t get some results

Do you remember your schooldays when the evaluation of your work was received as a letter grade? Now that you are a grownup, there is another very important grade that should concern you.