credit score: 5 Credit Myths That May Bite You In The Butt
- 02/19/16 04:28 AM
There are many myths and misconceptions about credit, which, unfortunately, too many of my prospective borrowers looking to by a home in the Montrose, Colorado area learn about the hard way--at the time they apply for a loan. Below are 5 of the most common myths I see. Myth No. 1. Having no debts or credit cards makes me creditworthy. This is certainly one of the most prevalent. I see it often with borrowers who went through a financial crises, such as bankruptcy or foreclosure, or who deal in cash because of their cultural upbringing. The problem with this when you need a (3 comments)
credit score: 3 Essential Pre-Home Buying Steps--Preparation is the Key
- 04/10/11 03:52 AM
Thinking of buying a home? If so, there are 3 essential steps you must take before even beginning your home search. Otherwise, you may besetting yourself up for dissappointment, or just even selling yourself short: 1. Obtain a copy of your credit report, and your credit score. Better yet, get these from all of the 3 major credit reporting bureaus: TransUnion, Experian, Equifax. Under federal law, you are entitled to get a free report once a year. AnnualCreditReport.com is the official site to order your free report. Bear in mind, this does not include your credit score, which you'll have to pay for. It's about (1 comments)