Helping Yourself Qualify for a Home Loan

There are a fair number of specific helpful suggestions to make in helping you purchase a home. All of them revolve around the loan ... , but if you don't have at least two open lines of credit, a given reporting bureau may not report a score ... thing is to get a credit score above 720. If you're there already, keep doing what you're doing [more...]

Date: 2008-06-20 13:39:52

Blog posts (17) | Videos (15)
 

Tightening Consumer Credit Standards

According to a Federal Reserve survey of senior loan officers at major banks, ... % of banks report that they’ve been actively lowering credit limits, with just under 40% saying that credit ... 52% of banks reported that they’ve increased the credit score required to secure a line of credit [more...]

Date: 2008-12-29 15:00:51

second residential mortgage

If you are still confused about what a second residential mortgage loan is and how you can use it to your advantage, you are literally losing money ... mortgage, check your personal credit report to ensure that your credit score has improved. Lenders ... loans.The other type is a “home equity line of credit” or HELOC. The main difference between the two [more...]

Date: 2009-01-14 10:43:37

Credit Card Updates and the Sad State of Affairs

Katybug scored a Chase Continental Mastercard with a huge $1900 credit line. The size of the line is not important but the size of her bonus is ... our credit report clearly shows our South Carolina address. We will send it all off tomorrow ... . Her Citi Aadvantage Platinum Worldcard approval is delayed. They want a copy of a pay stub, phone bill [more...]

Date: 2008-11-30 11:23:59

Saving your credit and credit scores

I have blogged about my experiences with American Express and their systematic reductions in my credit lines ... , but in my case Amex decided to start chasing the balance.  I pay them $500, then they reduce my credit limit ... as “closed as consumer’s request”)  which would have locked in the higher credit limit on the credit [more...]

Date: 2009-01-14 23:51:28

When you overdraw your checking account does that effect credit??

don't mess with your credit That is exactly what someone plugged into a search engine to get to my site! I love it - bad grammar and all ... , you can bet that your credit score will take a hit. Also, if you use an overdraft line of credit ... the bank is going to report you to the credit agencies. But if, however, you continue doing so every [more...]

Date: 2008-09-10 16:07:32

Texture of the Credit Crunch, Not So Good

Mortgage brokers view of the mortgage meltdown. As a mortgage broker I can tell you that the past several years have been bludgeoned with careless ... to such as the small business owner who grosses $500,000 per year but has a bottom line of $50,000. With a decent ... credit score mortgage with no money down and no real income verification. Are you [more...]

Date: 2009-01-06 21:05:00

No Cash Yet For Chrysler; Treasury Favors GM?

Although I don’t necessarily agree with The Wall Street Journal’s editorial this past Friday (January 2, 2009, pg. A14) ... their credit score threshold from 700 points to 621. Before the federal government stepped ... t receiving a penny of the funds, which is okay with them as they only wanted a line of credit to keep [more...]

Date: 2009-01-05 07:11:23

Credit Card Lenders Clamp Down Hard

Consumers are in a newly austere mood, and those who have lived beyond or at the edge of their means may be forced to retrench whether they want to ... , some can come back to haunt consumers. The result can be a lower credit score, which forces a borrower ... or not. The New York Times reports that credit card issuers are cutting back on their lines [more...]

Date: 2008-10-29 03:50:36

Refi Problems

While mortgage rates may be a historic lows the screening that lenders are doing are stricter than ever ... rates, you'll need a FICO credit score of 720 or higher, says Cameron Findlay, chief economist ... it's not worth the trouble. ...If you have a home equity loan or line of credit, you'll probably need [more...]

Date: 2009-01-16 13:13:00

Wall Street Hyperbole and the Real Estate Markets

Tell a friend to subscribe to the RSS feed and we *might* tell Santa to not leave coal in your stocking this year! ... ), provable income and assets in line with the loan amount being requested, and a credit score above ... .  Pessimistic, drama laced hyperbole sells newspapers and drives up viewership ratings.  It also confuses [more...]

Date: 2008-09-16 20:42:21

What Can You Expect After a Bankruptcy? The Time Line

Recently, someone called this article to my attention, which extolls the advantages of bankruptcy ... because of BK 4 years to 7 years: Credit score below 680, forget about getting an unsecured credit ... : No credit cards, loans, insurance rate skyrocketed. 1 year to 2 years: No credit cards except secured cards [more...]

Date: 2009-01-09 15:35:08

The Next Batman 3 Villain

The Next Batman 3 Villain Add comments Top Rising Stories Tough Weather At British Open Sends Golf Scores Soaring ... to check it out. Get the full story... Credit Lines FREEZE, But Not For Reverse Mortgages Frozen ... Gusting winds of 30mph and heavy rain sent the average score on the first morning [more...]

Date: 2008-07-18 12:42:13

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 ... from a minimum credit bureau score of 700 two months ago down to a score of 621. From a statement from GMAC President Bill Muir: We will continue to employ responsible credit standards, but will be able [more...]

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

Steelers Offensive Line Had Solid Outing Last Time Out Against Baltimore

The last time these two hated rivals met - in Week 14 at Baltimore - the Pittsburgh Steelers offensive line had a much better day than people gave them credit for. The Ravens had three sacks on the day, sure, but Ben Roethlisberger also threw ... party was on each play. NFL Scores, Schedule and Blog Posts - SB Nation Sack [more...]

Date: 2009-01-16 15:48:38

Comic-Con Forecast: Hot, Crowded and Geeky

SAN DIEGO -- Like Clark Kent ducking into a phone booth, Comic-Con International is about to get super ... credit for firing up the buzz machine that led to Iron Man's superheroic box office numbers. "Comic ... ? You can still score one on Craigslist if you're willing to cough up the big bucks.) The lines to pick [more...]

Date: 2008-07-24 03:51:26

Bad credit risk, bad driver?

This is a good year for drivers in California. Way back when in 1988, Proposition 103 received more than enough support from voters to pass ... . Add in lack of consistency in employment and multiple lines of credit getting close ... insurance quotes , check out your credit score and, if necessary, repair the score. The Fair Credit [more...]

Date: 2009-01-06 12:06:34

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