Any type of a hard inquiry on your credit affects your credit scores. A hard credit inquiry is referred to anyone who is seeking new credit like a loan, credit card or mortgage. A soft inquiry does not impact your credit score because you are not applying for new credit or authorizing a lending institution to […]
Personal Credit Tips
Divorcing with an Existing Mortgage on Your House
Divorce is a very stressful and emotional life event. Divorce agreements get even more complicated if there is an existing mortgage on your home. Selling your home is the best option; however, it all depends on your divorce decree. You may Quit Claim deed yourself off the title, which restricts you of having any further […]
Four Creditworthy Tips for a Business Loan Application
In an article in Wall Street Journal “Bankers are mystified by the sluggish expansion in corporate borrowing” If you are seeking a new business loan, here are some credit tips to help you secure a new business loan for your business. Debt Service Ratio: Perhaps your monthly debt maybe over the lender’s guidelines, even though […]
Your Credit and Forbearance Agreement for Hurricane Irma Disaster Relief Assistance
Some mortgage servicing companies are reporting consumers late even though they have a forbearance agreement for Hurricane Irma disaster relief assistance, and state “your forbearance agreement will not go into effect until the following month”, this statement is incorrect. According to Fannie Mae, “Servicers are authorized to suspend or reduce a homeowner’s mortgage payments immediately […]
Avoid Credit and Financial Mistakes While Divorcing
Divorce is not an easy process. However, your credit and finances necessarily have to suffer while you are in the process of a divorce. We have worked with numerous clients who had murky divorce cases. Included below are some helpful dos and don’ts of protecting your finances and credit through the divorce process: Financial dos […]
Credit Freeze or Fraud Alert, Which One?
Since the Equifax data breach, a number of past clients are asking me this question, “Should I credit freeze or should I fraud alert?” A fraud alert is free and lasts up to 90 days which you can renew every 90 days. A fraud alert will notify you if someone is inquiring on your credit […]