I recently changed insurance companies. As part of the process they ran my credit score. It came back lower than I expected. In the notes section it said that I had applied for too many credit accounts recently. This surprised me since I have not applied for any new credit in a long time. Then it came to me. Every REO gas, electric, water, trash company is a new credit account. Every listing has been 3-4 new credit accounts.
http://702IsHome.com - North Las Vegas, NV
Savvy Home Realty Solutions
OH WOW!
This is crazy how the real estate marketing reaches into areas you would never expect!
Sep 28, 2009 03:57 PM
Inactive - Wailuku, HI
Living the Hawaii Lifestyle
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate
Matt,
There's one to keep in mind. I don't think most agent would have even considered that.
Sep 29, 2009 05:18 AM
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert
That will definitely leave a mark... not something most agents think about when pursuing REO listings.
Sep 29, 2009 06:25 AM
Jirasek Realty, LLC - Temple, TX
ALC, CCIM
Since I am the broker, my agents let me take responsibility for utility accounts. Hum..... maybe I shouldn't!
Nov 23, 2009 12:15 PM
Comments(5)