Real estate blog entries tagged with debt by David L. Britt, MBA (The Heritage Real Estate Team)

Home : Blogs : David L. Britt, MBA : Kansas City New Homes Blog : Tag "debt"

debt: Real Estate Tips: Facts about your Credit Score (26-32 of 32) - 03/14/07 11:55 PM

26. Credit card companies and insurance companies sometimes look at credit files to determine who to mail solicitations to. This does not affect your credit score. However, you may request to be excluded from these solicitations.
27. Everyone has their own individual score. Married persons do not share a score. Therefore, everyone … (1 comments)

debt: Real Estate Tips: Facts about your Credit Score (21-25 of 32) - 03/14/07 11:53 PM

21. Age is not a factor in credit approval; however, length of time that credit is held is a factor. Therefore, maintain your accounts for a long period of time. Be sure to use the account occasionally. Never close an account, unless the terms are unbearable.
22. Rent does not appear on … (0 comments)

debt: Real Estate Tips: Facts about your Credit Score (16-20 of 32) - 03/14/07 11:52 PM

16. Repossession, including a voluntary repossession, is a major negative and will damage your credit significantly. Whose fault it was has no bearing on a credit score or in a loan approval.
17. A mortgage foreclosure is even more credit damaging than a bankruptcy in the eyes of a mortgage lender.
18. Closing … (0 comments)

debt: Real Estate Tips: Facts about your Credit Score (11-15 of 32) - 03/14/07 11:50 PM

11. Having no revolving credit accounts at all will hurt your score.
12. When applying for a mortgage loan, mortgage payment history is considered far more important than credit cards or installment loans.
13. Credit card payment history (revolving credit) is more important than installment loans Therefore, it is better to pay down … (0 comments)

debt: Real Estate Tips: Facts about your Credit Score (6-10 of 32) - 03/14/07 11:48 PM

6. Chapter 7 and Chapter 13 bankruptcies affect your credit score equally. More points are not awarded for debt reorganization Chapter 13.
7. Having more than three open bank cards lowers your score. Having less than three bank cards will not give you as high a score as having three. Therefore, three … (0 comments)

debt: Real Estate Tips: Facts about your Credit Score (1-5 of 32) - 03/14/07 11:46 PM

1. The most emphasis is placed on recent information. For example, a late payment one month ago is weightier than a late payment a year ago. Therefore, time will gradually 'heal' bad credit; every month that passes helps.
2. The longer an account is open and the more payments that have been … (2 comments)

Related Links:

All member posts tagged with "debt"