credit bureau: Never Too Young To Learn About Credit
- 04/29/15 12:35 PM
One of the failings of our education system is that kids do not get taught about credit. Research shows that 40% of American adults do not understand the basics about credit. Worse, they believe false information about how credit works. For example, many people believe that job status, income and age play a role in determining a credit score. If parents are not aware of the facts then we can't expect credit to be effectively taught in the home. As a result, this vital information to conducting personal financial affairs falls through the cracks. A Solution To This Problem Tonight I had an opportunity … (3 comments)
credit bureau: Appraisal Rule Hurts Homeowners - Mortgage by Randy Newsletter - Nov 2009
- 11/18/09 01:27 AM
Mortgage by Randy monthly update to our clients, colleagues, family & friends By: Randy Mitchelson, November 2009 =============================================================================== In Issue 20 We Touch On: Appraisal Rule Hurts Homeowners Secret Behind "Positive" Economic News Foreclosure Prevention Tool Kit As we enter the holiday season our government is doing its best to deliver gifts in the form of packages of stimulus cash. Since the American consumer has wised up and undertaken a strategy of paying down credit card and home equity debt and stashing any extra into savings, the government is trying to pick up the spending slack. The fact that there are … (0 comments)
credit bureau: Free Loan Modifications - Mortgage by Randy Newsletter - June 2009
- 06/19/09 02:40 AM
Mortgage by Randy monthly update to our clients, colleagues, family & friends By: Randy Mitchelson, June 2009 =============================================================================== In Issue 15 We Touch On: Free Loan Modifications Good & Bad of New Credit Card Regulation Fixing Credit Report Errors Mortgage interest rates surged in the last 3 weeks (about 60 basis points) so refinances are slowing. Rates are still very low in historical terms so purchase money mortgage volume is steady. The Federal Reserve has engineered this rate environment dating back to their fourth quarter 2008 tactics so there is no worry about rates suddenly ballooning. A no point 30 year … (0 comments)
It only takes a few months to destroy a good credit history, but it takes much longer to rebuild it. The answer to today's question is "it depends". One tool that will help rebuild credit is to monitor it closely using a service like Identity Lookout. Belive it or not, in some situations, it may make sense to NOT pay off a debt since it could cause more harm than good to the overall credit profile. Credit scoring is far from cut and dry. The formula considers up to 50 … (0 comments)
credit bureau: Mortgage Law Would Hurt Consumers - Mortgage by Randy Newsletter - May 2009
- 05/18/09 04:55 PM
Mortgage by Randy monthly update to our clients, colleagues, family & friends By: Randy Mitchelson, May 2009 ====================================================================================================================== In Issue 14 We Touch On: Politicians Write Bad Mortgage Legislation Americans Put Away Credit Cards Buying Credit Scores April ended with another seminar and more homeowners getting educated with the latest news about the property insurance, real estate, self-directed IRA, mortgage and credit markets. Feedback from the Estero, Florida audience was favorable and many thanks to fellow presenters Jerry Elliot (Oswald Trippe Insurance), Dina Cecere (Dina Cecere Realty), Paul Cecere (Centennial Lending Solutions) and Austin Hardy (Entrust). On to the news.... The … (0 comments)
One of the failings of our education system is that kids do not get taught about credit. Research shows that 40% of American adults do not understand the basics about credit. Worse, they believe false information about how credit works.
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