report: Read this before opening a credit line - 09/02/16 06:38 AM
Installment or Revolving –Which is better for your credit score?
 
Revolving Accounts, are used for Credit Cards to obtain money to buy merchandise or to get cash advances repeatedly, as long as there is money available to do the transactions. Once a Revolving Account is paid off, it can be used again up to (and sometimes over) the credit limit. There is no need to open a new account each time money is needed.
Aside from Revolving Accounts are Installment Loans.
Installment Accounts are used to finance things like cars, student loans, unsecured loans, furniture, mobile homes, medical expenses, airplanes, boats and so on.
In … (0 comments)

report: Credit Reporting - What you should know - 08/17/16 08:10 AM
Let's cover Credit Score basics. A credit report is a document that lists information collected by credit bureau companies. The 3 most common are Equifax, TransUnion and Experian. Scores range from 300 to 850 with 300 being the worst and 850 being the best. A person can also have a zero score. Each company offers a score based on information collected from creditors (also called Traditional Credit) that a person uses. Some creditors only report to 1 bureau which is why one bureau may have a different score from another:
A person with a zero score can use non-traditional credit instead of traditional … (0 comments)

 
Bill Polack, Bilingual Spanish Loan Officer in Southeast US. (First Option Mortgage)

Bill Polack

Bilingual Spanish Loan Officer in Southeast US.

Suwanee, GA

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First Option Mortgage

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