Re: Credit Scoring - useful tips and resources

By
Mortgage and Lending with First Centennial Mortgage NMLS #194290

The Federal Reserve Board posts some great information on credit scoring.

For instance, for information on how your credit score is determined, a great link is www.ftc.gov/bcp/edu/pubs/consumer/credit/cre24.shtm .

Also, another great link is the Federal Trade Commission's "Building a Better Credit Report" booklet, which has information on correcting errors on your report, tips on dealing with debt, avoiding scams and more.  The link is www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm.

Also, "Credit Repair: Self-Help May Be Best" (www.ftc.gov/bcp/conline/pubs/credit/repair.shtm) explains how you can improve your credit and lists legitimate resources for low-cost or no-cost help.

Also, to get copies of your credit report, you can work with a good loan officer like myself :-), or you can get copies of your credit report at www.annualcreditreport.com.  This is the only authorized online source for a free credit report.  Under federal law, you can get a free report from each of the 3 credit reporting companies every 12 months.  You can also call 877-322-8228 or complete the Annual Credit Report Request Form at www.ftc.gov/bcp/conline/include/requestformfinal.pdf and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.  It's important to get copies of your credit report and then make sure the information is correct.

I hope you find this information and these resources useful!  I hope this blog finds you in good spirits!

Comments (4)

Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes

Korina thanks for the wonderful post and hopefully some buyers stumble onto your blog. It's very informative and helpful especially to newer buyers.

May 21, 2008 07:14 AM
C Tann-Starr
Tann Starr & Associates, Inc. - Palm Bay, FL

Great points! Thank you for sharing this information.

May 21, 2008 07:15 AM
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

Hi Korina,

Thanks for the great sites.  There is such a need for this right now.  Have a great week.  Michael A. Caruso

May 21, 2008 07:29 AM
Anonymous
dominic

Korina , I couldnt think of working with anyone but you. I have worked with you for almost 2 years, from rebuiding my credit to the purchase of my first home. You have went beyond the bar with me and my family. You are awsome! I so much appreciate your honesty and knowledge of the buiness and housing markets. your the best!!! God Bless

Dom n Suzanne

Feb 19, 2009 04:52 AM
#4