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Services for Real Estate Pros - Blue Water Credit

ARCHIVED BLOG POSTS

2013 

  The financial markets always keep a close eye on Fed activity, but lately it’s become downright crucial.  Even in May and June, when chairman Ben Bernanke announced that the Fed would eventually ease back on its aggressive efforts to keep credit flowing, once the economy started to rebuild, Wal...
07/23/2013
It’s summertime!  That means plenty of sweltering weather, dips in the pool, and taking the kids to the beach.  But we have one more inevitable ritual of the dog days: high has prices.  It seems every summer gas prices swell higher than the mercury on our thermostats, leaving us scratching our h...
07/22/2013
It’s estimated that almost 1.5 million homeowners have gone through a short sale in the last 5 years, yet many of those are reporting incorrectly on their credit reports as foreclosures.  The difference between a short sale or a foreclosure reported on a credit report can cost a borrower valuable...
07/17/2013
      1. You don’t need to pay to see your credit report.   Most of us have been charged to pull our credit report at some time, or go onto one of those “free” sites, only to be hit with a $15 hidden fee to see the full report.  But according to the Fair and Accurate Credit Transactions Act (the...
07/17/2013
Determining a credit score is a tricky business, since there are thousands of credit scoring models in use, each fitting a consumer into their particular model.  But they all are trying to predict the same basic thing: the likelihood of a consumer being 90 days late on any payment within the next...
07/17/2013
  There is a powerful new ally in the battle against online fraud and identity theft – social media.  Even the credit bureaus are using this tool to research the credit-worthiness and validity of consumers, alongside companies like EBay, Paypal, and Intuit.  Equifax and Experian are running trial...
07/17/2013
It’s estimated that almost 1.5 million homeowners have gone through a short sale in the last 5 years, yet many of those are reporting incorrectly on their credit reports as foreclosures.  If you are a Realtor or loan officer, you should know that the difference between a short sale or a foreclos...
07/17/2013
Have you ever heard the song lyrics, “What a difference a day makes?”  When it comes to your credit score, a few points can make a big difference in your finances.  The average American has a credit score of 687 (as of 2011), but by raising it even a few points they can save big amounts of money...
07/17/2013
We love to compare ourselves to others – our salary, what car we drive, and, unfortunately, how in shape we are for summer next to everyone else on the beach.  But few people know how their credit score ranks against the rest of the country.  So we decided to dig up some credit score statistics ...
07/17/2013
  They’re reunited, and it feels so good…but we’re not talking about a Hollywood couple or your favorite estranged boy-band.  Instead, this reunion is between Experian and FICO, far less sexy but probably more important financially to consumers.     A FICO score is calculated as a combination of ...
07/17/2013
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Blue Water Credit
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