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credit report: Your Rights Under the Federal Fair Credit Reporting Act - 05/25/11 02:16 AM
When you review your credit report, or just begin to investigate your credit status, keep in mind that federal law provides you with a set of rights to aid in your task of gauging your credit rating. Here is a brief summary of your rights under the law.
Notification of any occurrence in which your credit report has been used to deny the granting of credit, insurance, or a job. You have the right to know which credit agency provided the data. A free copy of your credit file each year, as well as whenever you are denied a loan, insurance, … (4 comments)
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credit report: What’s on Your Credit Report? - 05/11/11 01:24 AM
Included in your credit report is the following:
* Personal information; your name, current and previous addresses, Social Security number. Any civil judgments, tax liens (federal or state), and bankruptcies.
* A list of your current active, and closed, credit accounts, including bank credit cards and store accounts.
* Any record of slow payments, missed payments and delinquencies.
* Length of time each account has been open.
Look for the following when reviewing your report:
* Any Incorrect information – an account that you never opened, one that you know you have closed, any payments that are not showing and that … (1 comments)
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credit report: Mail Bag Q&A: Stephen, my wife and I are looking at houses and our Realtor is telling us that it is getting much more difficult to qualify for a mortgage these days. Does this mean better credit scores or higher down payments are required? - 05/30/08 12:19 AM
Your Realtor is absolutely right. Qualifying for a mortgage has become more challenging in a number of ways:
•1) Larger Down Payments Required - 100%,"No money down" financing deals are gone. You can still put 3% down using an FHA loan, but for the most part, conventional financing is a minimum 5% down.
•2) Higher Credit Scores Required - All of the automated underwriting systems have been adjusted to be more conservative in their approvals. There are also severe pricing penalties for credit scores below 680.
•3) No More Free Stated Programs - In fact, Stated Income and Stated Asset programs … (0 comments)
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credit report: Dealing With Tenants in Your Investment Properties - 07/16/07 11:34 AM
Working with existing tenants:
When you acquire a residential rental property, you should contact your new tenants and reassure
them that you intend to treat them with respect. In other words, try to have a cordial, yet
businesslike relationship. Deal with tenants' questions honestly and directly. Failing to do so can
result in a loss of credibility if you later decide to change the details of their lease agreement.
Finding New Tenants:
The best advertising is a sign in the yard. If you have a similar property within a mile or so, put a
sign in that yard too. But reassure your current tenant that you are just … (2 comments)
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Stephen Katz
Atlanta,
GA
More about me…
Katz Mortgage Team, a branch of VanDyk Mortgage Corporation
Address: 800 Johnson Ferry Road, Atlanta, GA, 30342
Office Phone: (866) 742-8400
Cell Phone: (770) 552-1000
Email Me
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