Credit

Equifax Data Breach Settlement 2019

July 29th, 2019

The Equifax data breach of 2017 affected millions of Americans. As part of a settlement in regards to the breach, if you were affected, you would be eligible for some sort of compensation. At the minimum, you could receive 10 years of free credit monitoring or $125 cash/check in lieu of the monitoring. If you [...]

Credit Score – How to Get and Maintain a Good Credit Score

July 11th, 2019

Your credit score is something that is important whenever you are attempting to finance anything - a car, a credit card - and yes, a house. But if you haven't built your credit, or don't know how to rebuild your credit if there were a past issue, you may not understand the steps to take [...]

Five Credit Mistakes to Avoid When Getting Ready to Buy a House

February 20th, 2019

There are, I am sure, more than five credit mistakes to avoid when buying a house, but this list is a good place to start. Thanks to HomeKeepr for the list to share. First Credit Mistake: Not knowing what is in your credit file. I have been very surprised (as have clients) when judgements or [...]

Could Credit Scores Rise with New FICO Model?

August 22nd, 2014

Could credit scores rise with the new FICO model? According to the New York Times, the new FICO model will NOT weigh medical debts as heavily as it has in the past. Apparently medical debts account for almost HALF of all unpaid collections on credit reports. Also new? FICO scores will also ignore any collections that have [...]

Five Things Lenders Want to Know About Your Credit from Motley Fool

August 11th, 2014

Five things lenders want to know about your credit is a post from Motley Fool, and it has very good information for homebuyers. I've adjusted them a little to put my take on them. 1) Tell your lender everything about your finances. Yes. Everything. Your credit report will show it all, or something may show [...]