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fico scores: FICO 08, an update on Credit Scores - 03/19/09 08:33 AM
Just when you thought you had the credit scoring system all figured out along comes FICO 08.  Now we all know with all the changes in the lending world that credit socres are so overly important and we are all looking for ways to help our clients maximize their scores and actually FICO 08 just might help some.
 
  Transunion started using it end of January and Equifax is planning a fall launch and Experian, well it is anyones guess when they might roll it out. (Experian and FICO are not very friendly these days)
 
Some of the changes are
… (2 comments)

fico scores: Providing a Good Faith to a Realtor...... just good Customer Service - 09/16/08 04:56 PM
RING RINGGGGGG  there goes that dang phone again, oh hi Trunda Rogers ,  you need a Good Faith for your client?  No problem, have it to you in 30 minutes.  Sure no trouble, as I take down the credit scores and all the information on the home.  Not a problem at all. 
Now I know that a lot of my fellow mortgage professionals, won't even take this call , nor will they even bother with out actually interviewing the client.  But I will.  Why?  How about good old customer service?   As long as the Realtor and the client both under stand … (5 comments)

fico scores: It is time to TRASH the FICO Credit Score - 09/10/08 03:02 PM
 That is right, I did not stumble on those words as I typed them. 
It is time to TRASH the FICO credit score!!!!
It is out of date and well honestly it is worthless.  Can you please explain to me how someone that has never paid a bill on time or at all has a 650 credit score? SubPrime was built on credit score.  As long as you had the score, they did not care.  4 Trade lines and they could all be collections , no problem.  We don't care.  And you really wonder why we are in this mess … (77 comments)

fico scores: Breaking Down the Fico Score - 11/07/07 11:33 AM
There have been literally millions of words written on credit scores and most break down your FICO score into percentages, but what does say 35% of your score really mean.  Lets break it down into the 5 Categories that make up your FICO Score.   We will use 850 as the perfect never seen and ain't ever going to see score.
PAYMENT HISTORY   Lets face it this is the biggie, the largest most important part of your score  297 points worth.  Miss a few payments, maybe let that doctor bill go to collection and lose out on well over 100 points and potential … (0 comments)

 

Joe Adams

Montrose, CO

More about me…

Major Mortgage USA/Branch Manager

Address: 1521 Oxbow Dr #125, Montrose, co, 81401

Office Phone: (970) 252-1700

Cell Phone: (970) 209-9802

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