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credit: Is Your Child's Social Security Number at Risk? - 06/27/07 08:11 AM
You know you should check your credit report to see if your identity has been stolen. If a thief obtains your Social Security number, they can establish credit cards in your name, borrow money and make purchases - all without you realizing it.And yet, millions of people have never checked to see if their identity has been stolen. You know why? Because they can't read, have no access to a telephone and don't know how to use the Internet.I'm not talking about immigrants. I'm talking about three-year-olds. In fact, I'm talking about your three-year-old. Your teenagers, too, and your grandchildren.All the … (3 comments)

credit: How To Protect Yourself From Becoming A "Trigger Lead" - 06/26/07 09:23 AM

From the CBS News Video Web site, an interesting story for anyone who's recently applied for credit.
Credit repositories now sell the contact information of people applying for new mortgage loans to other mortgage lenders that want to compete for the business.
Called "trigger leads", an unsuspecting mortgage applicant can have his credit checked by a mortgage lender, and then discover that the credit bureaus have sold the rights to his personal information to countless other credit firms across the country.
Because trigger leads identify a person making a lending decision right now, one marketer of trigger leads calls them "the best leads in … (0 comments)

credit: Why "Prime Rate" Is A Name And Not A Number - 06/04/07 05:44 AM

Pop Quiz: Which interest rate is lower?  8.25% or Prime Rate?
If you answered anything other than "they are the same", then you can understand first-hand why banks refer to Prime Rate by name instead of by number. 
It's a neat little piece of sales psychology that keeps people from recognizing their true cost of credit.
Prime Rate is based on the Fed Funds Rate and is pegged to be 3.000% higher.  FFR is currently 5.250% (see chart) so Prime Rate is three percentage points higher, or 8.250%.
Since June 2004, Prime Rate has increased by 4.250% from 4.000% to today's levels (again, see … (4 comments)

credit: Alert! Your Name is Being Sold - Take Action Now! - 06/03/07 08:50 AM
Your name is worth everything to you...it's your identity, it's YOU.  Here's breaking news you need to know...and you need to let all your family and friends know right away as well.    
Few people realize that each time their credit is checked, the information provided to the credit bureaus (Equifax, TransUnion, Innovis or Experian) immediately becomes a commodity that is sold not only to other lenders but also to companies that sell and resell the same names and personal information.  
That's right - The credit bureaus have found a way to increase their revenues at your expense....and without your permission.  These … (0 comments)

credit: Dealing with Credit Challenges - 06/02/07 06:00 AM
Typically, a person with a bad credit score is in this position because they lack structure in their life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the discipline to pay their bills on time or curb their spending. This is your opportunity to be the "knight in shining armor" that provides them with a simple roadmap to get back on track.
Let's take a look at some examples that can help to quickly improve less-than-perfect credit scores for the potential homebuyer:
Let's say we have … (1 comments)

credit: THE HITS JUST KEEP ON COMIN’! - 05/12/07 09:33 AM
But we're not talking about the latest top 40 hit by Mariah Carey!!
It's the FED.  The Federal Reserve Board has hiked rates seventeen consecutive times over the past two plus years...and while they've paused in their hiking cycle for the time being, the hits they've given to rates have added up fast.  
While an ARM (Adjustable Rate Mortgage) or Home Equity Line of Credit may have saved you a bundle over the past several years of low interest rates - times have changed, and it's likely time to give your whole financial picture a once over and see if any adjustments … (0 comments)

 

John Caylor- Post Falls, ID Mortgages

Post Falls, ID

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Infinity Financial Group

Office Phone: (208) 773-8382 x 110

Cell Phone: (208) 215-5207

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