Shop around for mortgage broker?

My husband and I are planning on selling our condo soon, ... with us. Is it bad to shop around on a mortgage broker? The brokers are just doing a preliminary analysis on our situation with a copy of my credit report and my score, once they each tell me how much [more...]

Date: 2008-11-18 15:32:05

Blog posts (232) | Videos (340)
 

Three Legislative Proposals That Could Have Major Consequences for Your Finances

J.D. is on vacation. This guest post comes from DR of The Dough Roller, a money management blog ... in a consumer report or any change in a consumer’s credit score, as the basis for increasing any annual ... on Wall Street and in the credit markets lately, one could easily forget about money-related legislation [more...]

Date: 2008-12-18 13:00:42

All Bets Are Off: How Rick “The Free Capitalist” Koerber’s real-estate scheme helped wreck Utah’s economy. Posted by Robert Paisola

This is an article that was just released by The Salt Lake City Weekly. It is an amazing review of what we reported yesterday, and verifies the facts. This is an exact copy of the story: Photo Credit: SL Weekly 2009Feature | All Bets Are Off: How ... based only on a credit score and a friendly handshake (and sometimes not even a credit score [more...]

Date: 2009-01-08 18:44:00

White House Throws GMAC $6 Billion Rescue Line

Remember when the Bush administration was opposed to tapping the $700 billion Wall Street bailout to help Detroit’s Big Three? Fugetaboutit ... percent fewer loans worldwide than it did a year before, Dow Jones reports.) The $6 billion — ... from a minimum credit bureau score of 700 two months ago down to a score of 621. From a statement from GMAC [more...]

Date: 2008-12-30 16:29:15

Are You Saving Enough In Your 401-k Retirement Accounts? See How You Compare

US News and World Report recently conducted a survey of 401-k participants and broke them down by age group, job tenure, and asset allocation ... ?  Check out the full story on US News and World Report’s site. © Own The Dollar - This posting ... ® Credit Score Estimator Related posts:Use a Credit [more...]

Date: 2009-01-07 16:48:56

Top 9 Reasons To Help Homeowners Avoid Foreclosure

Top 9 Reasons To Help Homeowners Avoid Foreclosure Posted by Aaron Rice under For Buyers, For Realty Professionals, For Sellers, ... (No 7-Year Limit). Credit scores will be lowered by 300+ points. A Foreclosure is one credit report item that is almost impossible to repair. The lender can seek a deficiency judgment against [more...]

Date: 2008-11-15 14:24:38

Removing Bankruptcy From Credit Report

by Matt Douglas With a bankruptcy mark on your report your score will be lowered considerably. However there is hope, you can remove this mark and by building some positive credit ... , a dispute letter must be sent to each bureau disputing the accuracy of the mark. Upon receipt [more...]

Date: 2008-12-26 09:47:42

Listen to this awesome news!!!

I don't know if you remember, but a sweet but desperate reader wrote in saying that her student loans went into default and she wanted to know how to ... into collections! How do I get it off my credit score?My heart immediately sank, but I wrote back a short post ... and it is now officially OFF my credit report..thank God! It turns out that they mailed [more...]

Date: 2009-01-03 18:08:00

Why Monitoring Your Credit Score Is More Important Than Ever Before

Are you considering the process of repairing your credit? One of the most important things you can do, apart from getting errors and mistakes removed from your credit report, is to keep your credit... Writers Wanted: Join Our Blogging Community Today! [more...]

Date: 2009-09-29 19:25:22

Will a short sale hurt my credit score?

When I meet with homeowners who are struggling with their mortgage are maybe behind on payments and have no equity in their home, ... or foreclosure on one’s credit report. I recently came across some great information provided by a mortgage ... my report and if it appears that their only option is to sell their house in a short sale, I always [more...]

Date: 2009-01-15 20:14:24

Credit Repair After Bankruptcy

by Matt Douglas If you have a bankruptcy on your credit report you probably feel like there is no way to escape a low score ... . People frequently ask if credit repair is legal. It is not only legal but this act explicitly says ... is that this mark does not have to remain on your credit for 10 years. To remove it we suggest [more...]

Date: 2009-01-07 23:54:48

Fast Credit Repair Tips

Many companies and programs are offering fast credit report tips, however they often come with a hefty price tag ... , you can increase your credit score rather quickly. In some cases the results can be a couple days, but within 30 days significant improvements can be made. Original text: Fast Credit Repair Tips [more...]

Date: 2009-01-15 18:01:59

Saving on Education Related Expenses

Saving on Education Related Expenses With all the other demands placed on your budget, finding room for one more expense may seem impossible ... your limit- this shows up on your credit report and gives your credit card company an excuse to charge ... , major, GPA, location, etc. Don’t feel limited by your current or past academic scores- you’ [more...]

Date: 2009-01-11 14:47:52

Erase Bad Credit

If you have a low credit score contrary to popular belief you do not have to just wait seven years for your credit report to naturally repair it self. You can take action today and remove bad credit... [more...]

Date: 2008-12-30 23:04:27

Real Estate Short Sales and FICO Credit Scores

Real estate "short sale" is a new term of art that has entered the lexicon during what is considered the worst housing crisis in a generation ... is completed. Sammy avoids having a foreclosure haunt his credit rating for the next seven years. Typically, short sales appear on a person's credit report as "Settled for Less" or "Paid in Full For Less [more...]

Date: 2008-09-12 14:20:35

BehindTheMedspeak: Healthcare credit score — just another name for wallet biopsy

Certainly it's more politically correct but they're exactly the same thing ... For Hospitals Credit-reporting bureau Experian PLC said it agreed to acquire SearchAmerica Inc ... and their revenue cycle," said Kerry Williams, Experian's group president of credit services and decision [more...]

Date: 2008-12-10 17:01:16

Your Credit Score Affects Your Reputation

Reputation is a measure that all of us have ... . This will ensure that you can get the payoff put on your credit report. What you should then do is to stop ... ; your financial reputation is what stands between you and loans, credit cards, apartments, rentals [more...]

Date: 2009-01-07 13:45:30

Visa Black Card: 1% Cash Back, 0% APR Balance Transfers, Concierge, and Luxury Gifts

Visa is introducing a new credit card catered to consumers who spend $50,000 or more a year ... . According to the card’s application, only 1% of U.S. residents will qualify. I’ve seen reports ... for the card. Some who are accepted have average credit scores and low income. This is not what you would [more...]

Date: 2009-01-09 13:00:02

TIMSS: U.S. moves up in math, but Asians still rule

The new TIMSS 2007 report is out. U.S. fourth and eighth graders improved in math but stayed the same in science, reports the New York Times ... as they become adults. . . . Second, test scores, at least average test scores, don’t seem ... no credit for the minimal math gains. [more...]

Date: 2008-12-10 10:57:32

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

Credit Repair After Bankruptcy

by Matt Douglas With a bankruptcy mark on your report your score will be lowered considerably ... is accurate. Often people are concerned with the legality of credit repair, and you should ... . However there is hope, you can remove this mark and by building some positive credit [more...]

Date: 2008-12-26 10:07:50

We’re Never Going To Go Back To The Heyday

The News Journal reports from Delaware. “For Delaware in particular, key industries are sensitive to national economic conditions ... a certain credit score. Deborah combined the No-Document Loan with another loan and was able to buy ... . That point has been hammered home in recent weeks with employers dumping bad news on workers. ‘” [more...]

Date: 2008-10-24 15:48:52

Sanity Begins Creeping Into Mortgage Lending Market

The New York Times reports that New York's state mortgage financing program, SONYMA, ... of the credit markets.With credit drying up, many banks have begun demanding larger down payments and requiring higher credit scores for borrowers, said Shelia S. Martin, director of program operations [more...]

Date: 2008-10-02 21:30:00

How Real Estate investors can deal with bad credit reports

by Doc Schmyz Creditors and bankers approve or disapprove loans based on your credit worthiness ... . Having bad credit reduces the opportunities of these things. You may get approved for a loan ... score is very important in today’s world. However, what do you do if you happen to have a bad credit [more...]

Date: 2008-12-24 13:04:29

Credit Repair After Bankruptcy

by Matt Douglas With a bankruptcy mark on your report your score will be lowered considerably ... repair, and you should know you will never be fined, prosecuted, arrested, or face any legal action ... . However there is hope, you can remove this mark and by building some positive credit [more...]

Date: 2009-01-04 12:44:30

GM, Ford Death Watch

Fortune is reporting GM plunges 31% as outlook dims Investors cast a shocking vote of no confidence in the future of U.S. automakers Thursday ... % of sales volume came from people with bad credit scores," said Magliano. "Now the subprime buyer ... is coming back to haunt them. Lenders dramatically cut standards for credit worthiness at the beginning [more...]

Date: 2008-10-11 05:40:52

37 Killer Free eBooks to Improve Your Wealth

The Internet is full of wonderful information, and much of this information can be found in ebooks ... Report: In this ebook, you’ll learn about methods for legally improving your credit score, spotting ... Trust Offers: The FTC commision’s pamphlet explains the details of living trusts and how [more...]

Date: 2008-09-15 04:51:31

Good, Better, Best...Never Let it Rest

Hey y’all! Happy New Year and all that jazz! I hope everyone had a safe and great New Year’s Eve and Day ... life Cs in English on my report card. Now if you don’t know, a 4 is what you usually need to receive college credit. Best score is a 5.Needless to say my confidence was shook. I pressed on. I worked [more...]

Date: 2009-01-02 16:55:00

Housing collapse continues

Housing collapse continues A first hand report has come in to my iceberg of someone who wants to buy a home, has a 20% downpayment, a good credit score, suitably large income, and... can't get a loan on the home he wants. It is, apparently, too far from the nearest fire hydrant and thus does not meet Fannie/Freddie or FHA [more...]

Date: 2008-11-10 05:10:33

People no longer seem to value listening

It's not a genius prize. But I can reblog this post from Classical-Iconoclast without too much embarassment as I did not write the Gergive article; ... write as well as that. If the LSO want the full score it is here. Song credit Mark A. Mandel. Any ... or critical analysis only, and will be removed at the request of copyright owner(s). Report broken [more...]

Date: 2008-11-29 10:26:02

We All Knew It Was Going To Happen In California

The Sierra Sun reports from California. “Since housing values went up for so long, ... credit score and a steady record of making payments on a house he bought in 2000. After its value [more...]

Date: 2008-06-24 21:38:30

Florida Panther Ville Peltonen out for 2 weeks with broken foot

This just happens with him in the middle of a hot scoring streak ... , missed 24 games last season with a foot injury.The Palm Beach Post's Brian Biggane reports ... Peltonen was injured early in the game Saturday. "To his credit he played and scored two goals [more...]

Date: 2009-01-14 23:19:20

some things on my mind #5

Got some things, that I just feel like sharing, rambling, or ranting about. So here goes: 1. First things first ... your score by being listed on your Mamma's Visa that has a $5K credit limit, well that ain't gonna ... on January 9th. I strongly suggest that you get your copies of all three credit reports asap to see [more...]

Date: 2009-01-16 19:20:00

Get a Mortgage on a New Home in Florida with 2% down! By Geniusofdespair

.fullpost{display:inline;}An Eye on Miami Investigative Report: Lennar and Shoma New Homes can be purchased with less than 2% down! ... credit scores still getting you a mortgage, we noted that a recent call to Lennar had yielded news ... , you can advertise your homes as having downpayment assistance available.” Loan Guy said of the program [more...]

Date: 2008-10-31 20:39:00

soon, but not now.

Although I have no plan of getting another credit card after all the things that I’ve been through, I am still hoping that one day, ... report errors and all the boo boos in my name. Someday. ... for most. In my case anyways, I am still making my way to improve credit score since, I have lost most [more...]

Date: 2009-01-15 17:28:10

Good News For Buyers Is Always Bad News For Sellers

The Desplains Times reports from Illinois. “Last month Dan decided to stop paying his mortgage. It was hard for him ... be able to afford anything.’” “To finance the purchase he obtained two mortgages, one for 80 percent ... keep dropping,’ he said. ‘They go down by about $5,000 every month.’” “Dan’s credit score [more...]

Date: 2008-06-12 14:48:03

Great GM Giveaway May Rescue June Sales. But At What Cost?

We're getting reports from the front line that GM's 72-hour sale is a success-- of sorts ... stop digging" maxim; offering low credit score buyers up to 150 percent loans (to get them ... . IF this plays out across the country, GM's Black Hole Tuesday numbers will be bad, but they won't be as bad [more...]

Date: 2008-07-01 14:05:07

Not So Happy New Year As Financial Crisis & Pain Grow; Home Prices & Consumer Confidence Down Dramatically; Will 2010 Be Better?

Happy New Year! If you are like most people, that may sound a bit like wishful thinking this time around. And, I’m afraid, with good reason ... markets, the news agency reports. Any good news? Well, yeah. I suppose. Sort of. If you have money or can get money (many can’t nowadays even with pretty good credit scores) then you can probably find [more...]

Date: 2008-12-31 21:56:06

GM 72-Hour Giveaway May Prop-Up June Sales

We're getting reports from the front line that GM's 72-hour sale is a success-- of sorts ... digging" maxim; offering low credit score buyers up to 150 percent loans (to get them ... . IF this plays out across the country, GM's Black Hole Tuesday numbers will be bad, but they won't be as bad [more...]

Date: 2008-07-01 14:44:07

Mortgage Rates following a Dismal Jobs Report

This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score ... . Equally bad are the revisions to August and September's figures reflecting additional losses [more...]

Date: 2008-11-07 16:48:53

Delete Late Pay History

by Matt Douglas Late payments are not created equal; a 30 or 60 day late pay will not damage your score much, and can often be removed ... . There are a few exceptions such as a bankruptcy. The Fair Credit Reporting Act clearly says [more...]

Date: 2009-01-08 14:53:06

Mortgage Rates for Friday Afternoon

This morning’s Jobs Report was even worse than expected with 533, ... s report.   Mortgage rates are much improved over the last rate post (pre-Thanksgiving) and slightly ... ).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 720-739, “full [more...]

Date: 2008-12-05 21:22:25

Volt Still Kicking as Feds Take $5B GMAC Stake

With a new $6 billion bailout from the Treasury approved late yesterday, General Motors has lowered its requirements for auto loans ... of GM’s retail customers last year, Bloomberg reports). This morning GMAC announced it will provide loans to customers with a credit rating of 621 or above, down from yesterday’s minimum score of 700 [more...]

Date: 2008-12-30 21:00:12

Flotsam and Jetsam

Flotsam and Jetsam Jennifer Rubin - 11.25.2008 - 8:12 AM Bloomberg reports: “The U.S. government is prepared to lend more than $7 ... last year, to rescue the financial system since the credit markets seized up 15 months ago.” ... its opponents mistakes and fumbles in order to score, that team probably will lose.” The smartest take I’ve [more...]

Date: 2008-11-25 13:12:53

Buy a student car loan without any difficulty

Amazon.de Widgets Cars are becoming a necessary part of every individual’s life. Becoming owner of the car is a dream of every body whether it is office employee or business men. Even a student would want it for his personal needs. By having his own car saves lot of time in traveling and one does not have to wait to go to the place he thinks. Every possibility of getting a student car loan from the market. You must have face to face meeting with the lenders for driving away your dream car. [more...]

Date: 2009-09-29 10:14:45

My Identity may have Been Compromised

I got a notice yesterday that my identity maybe, could have, probably, possibly been compromised. The scariest part of it is the information that was compromised is essentially my entire life, it was a background investigation file. I am fortunate to be close enough to the issue that I know the risk associated with what happened is extremely low if not non existent. Just to be on the safe side I have been provided with 1 year of complimentary credit monitoring. [more...]

Date: 2009-09-29 13:30:32

Restore Your FICO Score – Part Three

In the previous parts of this article we discussed how FICO score can impact your financial status as well as the initial steps that you can take to begin restoring your FICO score. We covered handling collections first since they do have a big impact on your overall score, but there are a few other ways that you can quickly see a big jump in your score. After you have the collections on your account either settled or verified, double check to make sure that they were removed from your credit report. [more...]

Date: 2009-09-29 23:17:33

How Debt Management Programs Affect Your Credit Score

Thoughts on managing debt wisely with debt management programs. How do these programs affect your Equifax credit report and score ? I have been a financial counselor for over two years, and here’s one question I often receive from clients: if I implement your debt management program, how will this affect my credit score? People ask this because they wonder whether getting outside assistance to handle their debt could potentially be a strike against their credit. Well, my response is simple. [more...]

Date: 2009-09-30 08:14:35

Your Credit Report Card

Mark Frauenfelder is the co-founder of my favorite sites, Boing Boing (which is a “directory of wonderful things”). Mark’s also a GRS reader. He dropped me a line the other day to tell me about a new project he’s been following. Today, Credit.com is launching a free new online financial tool called Credit Report Card . This tool is designed to provide users with a quick snapshot of their credit reports. [more...]

Date: 2009-09-29 18:00:31

Obtaining Your Own Personal Instant Approval Credit Card

by Chris Channing The idea of an instant credit card doesn’t seem so safe at first glance. After all, there is plenty of debt in the world, and much skepticism for new financial ventures that comes with it. Instant credit cards are offers in which can tell you if you are approved in seconds- and are lenient on who may apply. The approval process for an instant approval credit card, surprisingly, isn’t going to be as simple as the title would imply. [more...]

Date: 2009-09-30 11:09:19

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