credit scores: Credit repair, help or hype? Risk based pricing
- 09/08/08 08:18 PM
Does credit repair work? Of course it does if it is done by a reputable company with experience. Fact is 90% of all credit reports contain inaccurate data. That is no small number. After not being able to get clients qualified because of this I decided to do something about it. The current average credit score is 692. With the risk based pricing, that means even your average customer will pay 1% in additional fees if he puts 20% down, to the Government for the joy of buying a home. I started my own credit repair company based on a set … (0 comments)
credit scores: New Risk Based Pricing. Rates go up 11/01 reguardless
- 08/28/08 11:32 AM
Effective November 1. The new LLPA aka. Risk based pricing goes into effect. Delivery to the GSA's increases .25%, and everything else changes. You can actually get a better rate putting down 10% rather than 20%, since most 20% down payers don't escrow. Read the full changes here: https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0818.pdf It is almost atrocious.
Can you or your clients save money with a higher credit score?
How messed up is our credit scoring model and how can you take advantage of the problems?
Does credit repair work?;)
;)
