Currently viewing the category: "Credit/Credit Scoring"

This is a reprint of an article by Kenneth Harney, a columnist for the Washington Post Writers Group. *** With foreclosures soaring – and some homeowners with unblemished payment histories walking away from their houses with no advance warning – the two major producers of credit scores have begun changing how they evaluate consumer risks [...]

Continue Reading

Can You Stop Yourself?

May 20, 2010 by

This is a reprint of an article by Kenneth Harneyof the Washington Post, a syndicated columnistwho often writes about real estate and financingissues. If you’re thinking about applying for a home mort-gage later this spring, here’s some important news:Beginning June 1, your lender is likely to order asecond full credit screening immediately beforeclosing. The last-minute [...]

Continue Reading

Credit Scoring: Behind the Curtain

September 25, 2008 by

Credit scores have a huge impact on our lives. If you aregoing to borrow money for a car or a home, the scores onyour credit report will help determine the loan amountgranted, and more importantly, the cost of your loan inthe form of interest rates and fees. A while back, I went to a seminar [...]

Continue Reading

Restoring Your Credit

April 26, 2007 by

Credit Restoration May Help Improve YourCredit Scores-And Save You MoneyIf you have negative information showing on your credit report, you should develop a plan for getting any erroneous information rectified, and possibly begin a campaign to minimize the effect of the negative items that are properly reported. As I’m sure you know, mortgage lending has [...]

Continue Reading

Do You Know That Your Credit Activity is BeingSold for Sales Leads? They are called Trigger Lead Sales Lists, and they are marketed by Experian, TransUnion and Equifax. It’s the same concept as the credit card offers that come in the mail so frequently, but there are some important distinctions when they are used for [...]

Continue Reading