By now, many of you may have heard the buzz phrase “Credit Crunch.” This has been reported in the last few weeks on most all media outlets. Just the sound of that phrase is frightening in today’s economic environment. Interest rates are up, the cost of goods and services have risen, and many may see […]
Category Archives: Credit Score
Building Credit, Credit Score, Finance, Financial Info, Mortgage
Financial Assistance for the Homebuying Process
28
Mar
Mar
Building Buying Power As the Spring months start peeking through, the home buying market is heating up! Have you been picturing the day when you can paint your own walls and mow your own grass? The dream of homeownership comes with great financial responsibility. Many first-time home buyers have questions about their down payment, and […]
Building Credit, Credit Cards, Credit Repair Blogs, Credit Score, Debt
Millennials- Why do they have the lowest Credit Scores?
23
Mar
Mar
What is a credit score? Most people would answer that this is how lenders see if you are able to receive a loan and at what interest rate. And that’s true. But really, it’s an algorithmic number telling a lender how likely a person is to default on a loan within the first 24 months. […]
Credit Cards, Credit Score, Debt, Debt Consolidation
Debt Consolidation! Is it the right choice for you?
21
Mar
Mar
Most all of us have heard of Debt consolidation. But is Debt Consolidation right for you? What type of debt consolidation should one choose? Is Debt Consolidation effective? What are some of the pitfalls of debt consolidation? Guess what, sometimes “life” happens and we need to utilize our credit cards out of necessity. A perfect […]
16
Mar
Mar
As of July 1st, 2022 all medical debts that have been paid, whether the debt was held by a physician or a collection agency, must be suppressed from a consumer’s credit report! This was announced by all three CEO’s of Equifax, Experian and TransUnion in April of 2022. Now before we start patting these CEO’s […]
Does unemployment affect my credit? Unfortunately job loss is something many American’s experience in their lifetime. The loss of a job means financial hardships, which directly affects our consumer’s credit. Here is what you need to know about how job loss can affect your credit scores. Loss of Savings: Money that was saved for emergency […]
25
May
May
Time to Pass Go: How to Establish a Good Credit Score Whether it’s finding a home for your growing family, financing your dream car, entering a career or even attempting to acquire a decent rate on car insurance, everything in our lives revolves around credit. No matter what you do, someone is going to […]
10
May
May
Whether you are applying for a new credit card or a home loan, hard inquiries are constantly present when attempting to build credit. Although hard inquires are one of the most common items found on a credit report, there is still much mystery surrounding their effect on a credit score. In todays “Fact or […]
03
Mar
Mar
Student loans seem to be on almost everyone’s credit reports . They can positively impact your credit scores if you are consistent with your payments and aware of what is happening with your loan. As with any bill or loan you take out, it is extremely important to your credit score as well because it […]
01
Mar
Mar
Less Than Perfect Credit Scores and Living Situations. Many families deal with tough situations when it comes to rentals and the landlords that come with them. According to the Business Insider, more Americans are renting than at any time in the last 50 years. I can recall a time when I rented a home that […]