Whether you’re a millionaire, upper middle class, white collar, blue collar or middle class, everyone needs to maintain good credit by tweaking it or restoring credit. Utilize the following six ways to instantly win a better credit score: Check your credit report: Go to Equifax or Experian , you will not be penalized for a […]
Credit Repair
How Worthy is Your Personal Credit and How Can You Improve It?
“Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, thereby generating a debt.” (Source: InvestorWords.com & Wikipedia.org) Consumer Credit is Personal Credit Personal Credit includes: credit cards, installment loans, home equity loans, mortgages and auto loans. Your credit history is […]
Your Credit Score Evaluation
Understanding your credit scores is the key to your success with restoring your credit and obtaining good credit. How is your credit evaluation? Impeccable credit? Excellent credit? Good credit? Fair credit? Poor credit? Some consumers have excellent credit scores in the mid 700s with minor blemishes, but would like to exceed to the 800 plus […]
Preparing Yourself for Home Buying – 5 Easy Steps
With interest rates low, large foreclosure and short-sale inventories, first-time home buyers and the financially recovered homeowners have made the decision to get into the real estate market. If home ownership is finally within your means, keep in mind these five simple steps of home buying. 1. Do Your Diligence: Use the Internet to learn […]
10 Simple Credit Do’s and Don’ts
Consumers may be rejected for loans or jobs based on erroneous credit reporting. In a recent study, 79 percent of credit reports reviewed contained serious errors or other inaccuracies in regard to a credit trade line and personal information. Did you know, the national average credit score for those with a severely delinquent mortgage account was 599 […]
Bankruptcy “Cram Downs” for Commercial and Residential Loans
The concept of Personal Bankruptcy “Cram Downs” was established in the “Helping Families Save Their Homes Act ” in 2009. The Helping Families Save Their Homes Act allow bankruptcy judges to “cram down” the second mortgage on investment properties, second homes and also modifying the first mortgage. Contrary to the rule, judges in California, Texas […]