House hunting is possibly one of the most thrilling, yet most stressful times in a person’s life. The end result of your hard work and saving money to own a home can be extremely rewarding. The hoops you need to jump through in order to achieve that goal may not always be as exciting though. …
Blog
Under the Microscope: Who’s Checking Your Credit Score
According to a recent article on CNN (in regards to the FACS Act), approximately 65% of Americans have not checked their credit reports in the past year, and nearly 1/3 of them don’t even know their credit scores. Let’s look at that again, with emphasis: Nearly 1/3 of the entire US population has no idea …
Repairing Bad Credit So You Don’t Have to Cut Corners
A poor financial situation sometimes leads to many of us cutting corners when it comes to our spending habits. Very often it’s because we’re spending too much money each month to pay off our debts. Interest rates for those with poor credit scores versus those with high ones can mean the difference of hundreds of …
The “Benefits” of Overdrafting Your Bank Accounts
This morning I got an e-mail from my bank, Wells Fargo, informing me that I would need to opt-in for the “benefits” of their Overdraft Protection Service. I’m not generally in the habit of overdrawing my bank accounts, so I’ll happily have to decline their offer. But apparently a good number of Americans are in …
What is a Good Credit Score?
If only there was a simple answer to that. The more important question is what exactly are you applying for? A score that’s good enough to get you a Capital One credit card isn’t necessarily good enough to get you a low interest mortgage. What those 3 digit numbers say about you to potential lenders …
Free Credit Scores May Soon Be the Law
As it is right now, the three major credit bureaus – Equifax, Experian and TransUnion – are required to release credit reports to consumers once every 12 month period. But for whatever reason, you have to pay up if you want to know what your scores are. This all may be coming to an end …
Best Way to Improve Credit is an Emergency Fund
So many of our credit repair clients are with us because they never planned for a rainy day and hit a financial pothole that ruined their credit. If you missed my blog yesterday on how Emergency Funds Aren’t Always a Top Priority, I’d suggest seeing just how bad the problem is in this country. The …
Emergency Funds Not Consumers Top Priority
Unexpected events, like the loss of income in your family or an illness, are some of the leading causes of bankruptcies in America. It’s not always that we’re bad at managing our credit, sometimes life just has a way of testing us financially. A Gallup Poll found that 41% of Americans have little or no …
Repairing Credit: a Beginners Guide (part 3 of 4)
Resolving Accurate or Verifiable Collections If you’ve already been through the process of having your credit report validated and/or corrected, you’re probably wondering what to do with everything on your report that disputing was, for whatever reason, unable to resolve. And this brings up a good point: the majority of people mistakenly assume that disputing …
Repairing Credit: a Beginner’s Guide (part 2 of 4)
How to Fix your Credit Report part two of our Repairing your credit guide Whether you’re planning on fixing your own credit or would like a credit repair company to help you, one of the first steps in any repair process is to make sure your credit report is true and accurate. That’s because: • 79% …
