low 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)
low credit scores: Credit Repair (does it work)
- 08/27/08 01:49 PM
Now, more important than ever credit score is important. Even if a customer has decent credit scores versus great they will pay thousands, potentially tens of thousands of extra dollars in interest over the life of not only the home loan (due to risk based pricing), but every loan they have. The credit agencies, driven by the credit card companies and Fannie Mae and Freddie Mac are hitting scores hard. I pre-approved someone last month with a 650 and because they had 2 over 30 days late in the next month. The contract fell apart because their score drop to 565! … (0 comments)
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?;)
;)
