Gail Loane's (genesis) Blog

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Services for Real Estate Pros - Genesis Credit Corporation
RECENT BLOG POSTS
Unfortunately, a person with a bad credit score is often in this position because he or she lacks the discipline to pay bills on time. Of course, there are exceptions where unforeseen circumstances come into play, such as health complications, or loss of employmentThere are a few things that may ...
08/06/2007
A borrower will sometimes not have enough credit references to obtain the loan they wish to secure.  In this case, start by opening small lines of credit that report to all three of the three major Credit Reporting Agencies, and make purchases that can be paid off easily.If you do not already hav...
08/06/2007
If you have items that are showing up on your credit report that you know you have already paid, request that these items be removed by the credit bureau.  They are obligated to rectify this within 30 to 45 days.Follow this procedure to correct errors on your credit report:Make a copy of the repo...
08/06/2007
Lenders estimate your ability to pay back money based on your credit score.  The risk factor they take on is built-in to your interest rate as a financing fee.  Therefore, a low credit score results in a higher interest rate, higher monthly fees, and a higher amount of interest being paid over th...
08/06/2007
Do you have past due balances that have been neglected? If they are showing up on your credit report and you want to purchase a home, make sure you bring them up to current status whenever possible. Do you have outstanding debt that you can afford to pay off right now? Try to get these accounts d...
08/06/2007
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