credit: Credit Card New Year's Resolution Ideas - 01/08/08 01:25 AM
Check all of your credit cards that you carry balances on to confirm the current rate. You may be surprised to see that some of these rates are higher than you recall. Remember that credit card rates can be changed very frequently and easily by the issuer, and rarely in your favor. And even better - give me a call to check your overall debt structure, and let's ensure that it makes sense based on your current financial goals.
Usually, just a quick call to your CC company to the # on the back of the card is enough to get them … (1 comments)

If you're like most Americans, quite a few credit cards, that are already getting warmed up for upcoming gift buying sprees. In recent years, there has been an explosion in the number of credit card issuers, and perhaps more confusingly, the types of rewards being offered with those credit cards. So now, not only do you need to consider the rate and terms of your credit card...but what rewards or other benefits it offers. So what types are out there - and which is best for you?
Airline Miles: If you travel frequently, then maximizing your … (0 comments)

credit: Banks Face $100 Billion of Writedowns on Level 3 Rule - 11/07/07 03:23 AM
Under FASB terminology, Level 1 means mark-to-market, where an asset's worth is based on a real price. Level 2 is mark-to- model, an estimate based on observable inputs and used when there aren't any quoted prices available. Level 3 values are based on ``unobservable'' inputs reflecting companies' ``own assumptions'' about the way assets would be priced.
U.S. banks and brokers face as much as $100 billion of writedowns because of Level 3 accounting rules, in addition to the losses caused by the subprime credit slump!
The Financial Accounting Standards Board's rule 157 will make it harder for companies to avoid putting market … (1 comments)

credit: Credit Scoring Basics... - 09/20/07 08:36 AM
With lenders tightening the reins on lending, borrowers really need to be sure their credit scores are at the highest level to borrow.  Here are some things to help your borrowers.  We have shared this information before. But it has become even more important during with the changes in the industry!
Credit Scoring Basics
How does my Credit Score affect me?
A credit score is a number generated by a mathematical formula that is meant to predict credit worthiness. The most common of the credit score standards is the FICO score by Fair Isaac. The FICO score ranges from 350-850 and is intended … (1 comments)

credit: How do I request a "fraud alert" be placed on my credit file? Answer... - 08/20/07 07:52 AM
You have the right to ask that nationwide consumer credit reporting companies place "fraud alerts" in your file to let potential creditors and others know that you may be a victim of identity theft. A fraud alert can make it more difficult for someone to get credit in your name because it tells creditors to follow certain procedures to protect you. It also may delay your ability to obtain credit. You may place a fraud alert in your file by calling just one of the three nationwide consumer credit reporting companies. As soon as that agency processes your fraud alert, it … (4 comments)

credit: The 3 credit Bureaus phone numbers... - 07/24/07 04:41 AM
You'd be surprised how many people do not know this!
These numbers will always come in handy in case you need to call to report identity theft or to call and start a dispute about something on your credit report.
Equifax: (800) 685-1111        TransUnion: (800) 916-8800        Experian: (888) EXPERIAN (397-3742)
These numbers are changing all of the time.
They are working NOW, but if they do not work in the future-that is why.
I will post a new blog if and when the numbers change.
Hope it helps!!


Kris Krajecki

Mortgage Broker Huntley, IL

Huntley, IL

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Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

Office: (847) 426-3431

Mobile: (630) 347-6321

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