It seems banks and lenders are ready for some riskier business. After nearly three years of rejecting “risky” consumers for new lines of credit or credit card offers, many lenders are trying to reinvigorate the business that brought them so much money before the financial crisis hit. This could come as a shock to most [...]
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Continue ReadingIt’s a common question asked of any organization: “What makes you better than the competition?” In fact, if I had a nickel for every client that asks me that question, I’d probably have enough to retire on and live comfortably for a week or so, before I’d get bored and hop right back into it. [...]
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Continue ReadingA new year is upon us, which means a lot of things to many different people (for me, it means writing articles centered around the new year for at least another few days, while it’s fresh). For a lot of consumers, it means getting their finances back under their control – whether by improving their [...]
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Continue ReadingHow many articles have you seen online with a title eerily similar to this? If you answered, “I don’t know,” it’s likely because there are so many articles and advice columns online about the best way to build the perfect credit profile – and all with wildly differing theories and opinions – that it’s impossible [...]
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Continue ReadingHere’s an interesting (to say the least) trend that seems to be gaining steam among people who regularly make online credit card purchases. More and more consumers have begun using “temporary” credit card account numbers when shopping on the web, as a means of protecting their identities from any potential threats. Protecting your credit accounts [...]
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Continue ReadingJust a quick post on a Saturday. I just read another article online by a so-called “credit expert” that suggest the best way to manage your money and live happily ever after is to simply build up a decent savings account to help you pay your debts down and then cut up all of your [...]
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Continue ReadingThis Week in Credit News Bank of America Replaces Overdraft Charges with Fees BofA gives its customers a choice. Use their services more or pay more sucker! Homes Will Cost You More in 2011 – Even If you Have Great Credit Fannie Mae says it’s introducing forcing a new fee schedule which will cost you [...]
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Continue ReadingOpening new lines of credit or qualifying for a loan is about to get a bit more complicated in 2011, as lenders and creditors will soon start using enhanced, updated versions of the popular FICO and VantageScore credit scoring models. FICO just recently unveiled an updated and more rigorous version of their FICO 8 Mortgage [...]
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Continue ReadingIt’s a question we get on a daily basis: “How do I raise my credit score?” And while there are thousands of articles and blogs online that detail step-by-step instructions that will probably help you raise your score by a couple of points over a few months, we’re constantly on the lookout for the tidbits [...]
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Continue ReadingCredit repair can be confusing. We know, because we’ve assisted tens of thousands of consumers gain at least a fundamental understanding of how to maintain their credit scores. Most of these people have come to us with absolutely no knowledge of what goes into their credit scores, or sometimes even how to read a credit [...]
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