Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Experian Boost - Don't Do It!
When it comes to "Boosting" your credit score, the best advice to home buyers currently in the process, especially those in escrow, is "Don't do it."
For someone who has already closed on a home or is more than one year out from actually purchasing a home, the proposition may seem intriguing.
Basically, a user "self-reports" their good credit record made to non-traditional sources, such as paying rent to a parent; paying a utility, water or electric company or a another "bill".
Read and learn.
Experian Boost - Don't  Do It!
 
     You've perhaps seen Experian's latest marketing pitch on TV commercials for their "Boost" product - "Help Raise America's Credit Scores", the website hero image reads.  And yes, the product can do what it says - boost a user's credit scores.  That's great news, right!?!?  Well, no.

 
     All that glitters is not gold, and Experian Boost is a perfect example.  While yes, scores may go up, the product could also cause delays in the mortgage process, and disappointment for borrowers who find that their boosted scores aren't worth anything when it comes to getting a loan.

 
     Here's how it works:  A consumer signs up for ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention