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. [...]
Read the full article...
Posted on Mar 1st, 2010
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
Read the full article...
Posted on Feb 26th, 2010
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?
Read the full article...
Posted on Feb 23rd, 2010
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.
Read the full article...
Posted on Feb 14th, 2010
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 [...]
Read the full article...
Posted on Feb 9th, 2010
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?
Read the full article...
Posted on Feb 2nd, 2010
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
Read the full article...
Posted on Jan 30th, 2010
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.
Read the full article...
Posted on Jan 24th, 2010
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
Read the full article...
Posted on Jan 18th, 2010
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.
Read the full article...
Posted on Jan 15th, 2010