mortgage agent: Your Credit Score And How It is Calculated
- 08/03/11 11:53 AM
Have you every wondered what your credit score is and how it is calculated? Here's the skinny.. Video Tip Your credit score is a 3 digit number that lenders use to predict your credit worthyness.Credit reporting companies calculate your score based on payment history, how much you owe, how long you have had credit and how often you apply for new credit. Because your credit score and credit report are constantly changing, it’s important to review them on a regular basis, at least once a year.
Since there are two main credit reporting companies in Canada, it’s a good … (0 comments)
mortgage agent: Good Debt Vs Bad Debt. What's The Difference
- 07/14/11 04:38 PM
More and more people are getting swallowed up by debt. I’m sure you’ve read and heard many of the statistics and stories in the news. One of the keys to financial independence is to get rid of your bad debt and acquire good debt. Bad debt is debt that makes you poor, such as credit card debt, car loans, etc. – this is consumer debt. Good debt is debt you acquire that actually works for you. The best example of good debt is a mortgage loan on a rental property that throws off positive cash flow every month. Good debt is … (2 comments)
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