Archive for the ‘News’ Category
This video explains exactly what information is tracked on your credit report and how that information is used to calculate your credit score.
Damian Vanvorst
CoreLogic is an information broker, and the newest entrant into the credit reporting industry. The organization’s new CoreScore attempts to give lenders a deeper understanding of an individual’s spending habits. What makes CoreLogic different? The information they collect isn’t typically captured by the three big credit bureaus, which is why many lenders are so interested. The CoreScore report is already available to lenders, and the corresponding credit score is currently in development with FICO, the developer of the most widely used credit scoring formula.
Alvin Glanton
bit.ly – Find out more about Mike Dillard and The Elevation Group. In this official video preview of The Elevation Group, Anthony Gaalaas talk’s about the importance of credit scores. How can you improve your credit score? What can you do to increase your credit score so banks will lend you more providing you with more options? bit.ly The old-school retirement strategy for the middle class of finding a financial advisor, and developing a diversified portfolio of mutual funds for the long-term is dead. Over. Done. Kaput. (Good riddance!) Over the past three years, I’ve seen too many people in their 60′s and 70′s lose their ability to retire because the value of their nest-egg was tied to the stock market, and that’s been an extremely valuable lesson learned. The only thing the market is good for these days is speculative, short-term trades. I’m a risk-taker by nature, but I’d have to be certifiably insane to park my “retirement money” into the market right now. So now what? bit.ly – Find out more about Mike Dillard and The Elevation Group
Laurine Steffey
Owning your own home: It’s the American dream and you want to be a part of it! You’re ready to make the transition from renter to home owner. Before you even start looking at homes, you have a few personal housekeeping items to take care of. First, know your credit score. The US Government has ruled that everyone is entitled to a free credit report each year. So, check out www.annualcreditreport.com. This website was built by credit agencies in response to this government decree. If you discover issues clouding your credit, work to get them resolved before shopping for a mortgage loan. The higher your credit score, the better your mortgage terms will likely be. Now, you can’t go house shopping until you know what amount you qualify for, so the next step is to apply for a mortgage. A mortgage broker will help you evaluate your potential monthly payment, including taxes and insurance. Check with your real estate agent to see if the brokerage firm you are working with has an in-house mortgage operation. Once you have an idea of your monthly payment, compare this with your own personal budget. Are you comfortable with the cash flow? Make sure you won’t be getting in over your head. Remember, you can spend a little bit less for a smaller monthly payment, that way you can put something aside each month for maintenance or home improvements. Once you are happy with the budget, you’re ready to start looking at homes with your Realtor. Together, you can chart a plan of attack for …
Princess Valen
In this ABC 2 News Investigation, Freedmont Mortgage’s CEO Carl Delmont explains the devistating effect Option ARM loans will have on your credit score.
Ivy Lane
Ken Gross, David Einstandig and Brian Small from the Financial Crisis Talk Center explore the reality of how people allow their concern over their credit score to cloud making the right financial decisions. This is the reality that the Banks don’t want you to know.
Bud Giallorenzo
From www.BrokenCredit.com, Mr. Leonard A. Bennett with Consumer Litigation Associates, PC, testifies: “there is no discretion exercised. Equifax out sources all of its reinvestigations to the Philippines — to a company in the Philippines that’s paid fifty-seven cents per dispute regardless of how substantive – and TransUnion does the same to India. All that is done by the CRAs is to code the disputes into one of three to four codes.” Hello? Supporting docs?
Duncan Ordahl
Go to www.e-Credit.TV for Free Credit Repair, Free Credit Books, Consumer Credit Counseling, Debt Consolidation and Identity Theft Protection. In this video the US Treasury Dept. explains how to obtain free credit reports from all three of the credit bureaus. The video also explains how Fraud Alerts work and the activation process.
Russell
credit
Gertha Dolven
New graduates have an opportunity to build a perfect credit history.
Derrick Gustovich