credit repair: A Family Succeeds In Buying Their Dream Home...
- 01/18/17 11:51 AM
Jim and Nancy Russo were excited to finally be at a point where they were ready to buy a home for their growing family. With two little girls running around and another on the way, they knew it was time to settle into a home of their own. So Amy set to work window-shopping on Trulia and Zillow, while Jim looked for a realtor who could assist them in finding their dream home. After speaking with an agent through their local Real Estate Agency, they learned that before they could really start shopping it was important to find out how much of … (0 comments)
credit repair: Credit Bureau Reporting Overhaul
- 06/21/16 03:59 AM
There may be light at the end of the tunnel for consumers complaining of unjust and inaccurate credit reporting behavior frequently used by TransUnion, Experian, and Equifax. By August 12, 2018, the three major bureaus (TransUnion, Experian, and Equifax) will be forced to comply with new policies and procedures – this comes as a result of a multi-state investigation that Ohio Attorney General, Mike DeWine, initiated and an additional 31 state attorney general’s joined in 2012. This settlement was announced in May of 2015, giving credit agencies 3 years and 90 days for all regulations to be effective and in place. While … (4 comments)
credit repair: Does Wealthy Mean A Better Credit Score?
- 05/24/16 03:37 AM
In February 2016, credit reporting agency, Experian, conducted a national survey concerning home-buying and credit. Despite a home-buying climate of low mortgage rates, many individuals are still concerned about their credit score and how it will affect their home buying ability over the next 12 months.
According to Experian, 40% of survey respondents who earn $100,000 or more per year voiced a concern about being able to access necessary financing for a home & 29% of those buyers are working to fix their credit score in order to qualify for a better rate.
While an individual’s total income and assets are used to … (2 comments)
credit repair: How are FICO Credit Scores Tabulated?
- 01/12/16 05:49 AM
For professionals that serve those purchasing real estate or seeking financing we know firsthand how confusing and frustrating credit and scoring can be.
When advising and guiding individuals and businesses towards their goals many of us have heard these questions or something very similar, "How can my credit score be so low? I have been paying all my important accounts on time for 10-20 years, doesn't that count for anything?" "I have millions of dollars in the bank and own many properties how can I have such a low credit score?" "How can one account with a late payment for such a … (0 comments)
credit repair: What Christmas Credit Score Wishes Came True in 2015?
- 12/29/15 04:58 AM
Recently I read an article about Christmas wishes that championed the free monthly offering of "FICO" scores by various credit card companies. The writer was excited that in 2015 "FICO" scores were being provided to credit card holders by most creditors. It seems as though the writer assumes that this is a good thing and will help bring clarity to consumers but when you take a closer look is this really the case? The majority of credit card companies now offer a free “FICO” score once a month. Many assume there is one version of the "FICO" score and do not realize … (4 comments)
Jim and Nancy Russo were excited to finally be at a point where they were ready to buy a home for their growing family. With two little girls running around and another on the way, they knew it was time to settle into a home of their own. So Amy set to work window-shopping on Trulia and Zillow, while Jim looked for a realtor who could assist them in finding their dream home.
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