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

Blog posts (267) | Videos (292)
 

Are greedy wolves making government-insured mortgages?

Now that subprime is a dirty word and Wall Street firms are no longer making securities backed by loans to people with low credit scores, brokers and bankers are filling the void with a little help from Uncle Sam. They are making loans ... FHA, which is meant to expand credit to folks of modest means? John Courson, president of industry [more...]

Date: 2009-01-15 11:00:45

If you are unable to payoff…

…your credit card debt short-term, consider asking your creditor for an increase in credit. By decreasing the ratio of your balance to the credit limit will be taken to account in most credit scoring models. [more...]

Date: 2009-01-10 17:35:36

Mortgage Rates — More Changes Coming Soon!

Mortgage rates have improved but continue to be volatile.  Today’s rates are actually up about 0.125% from yesterday ... in order to make sure their loans will be purchased from Fannie without having to absorb the price ... ?  Those with 40% down (home equity), 740 plus credit scores with taxes and insurance included [more...]

Date: 2009-01-09 21:22:08

Latest News in Credit Repair and Credit Score - Dec 24, 2008

Saving American economy from ‘Joe the Debtor’ - New Haven Register 24 Dec 2008 at 3: ... of similar-sounding Web sites on the Internet. The official Web site mandated by Congress is www … [more...]

Date: 2008-12-24 17:14:31

Latest News in Credit Repair and Credit Score - Jan 07, 2009

Maligned Arizona defense strong against Falcons - Columbia Missourian 5 Jan 2009 at 11:42pm TEMPE, Ariz ... is www … 2009 resolution: Shape up your credit report - Detroit News 28 Dec 2008 at 4:57pm Getting [more...]

Date: 2009-01-07 17:39:55

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Financial Goals for 2008: Reviewing Our Progress

A year ago I wrote up a list of financial goals for 2008. Today, I thought I’d take a look back at them and see how we did ... on our credit scores. As far as account consolidation goes, we still have a number online savings ... successful, in that we dropped down to two main credit cards (Amex Blue Cash and Chase Freedom) while [more...]

Date: 2009-01-02 22:28:10

Collector Threatens Jailtime Over Dead Debt [Debt Collectors]

Reader R. kinda messed up his credit years ago. He's a good boy now and his credit score is 700+, ... of limitations on the debt has well passed and threatening to send a debtor to jail is a violation of Federal law ... but now RSI Claims Process Services is hassling him about a 12-year-old credit card debt [more...]

Date: 2008-10-24 21:04:06

Debt Relief: Don’t Believe Everything You Read

Since the economic crisis began, there has been a flurry of TV ads and online sites claiming that they can assist you in relieving the pressure of ... to your credit score, and the IRS counts forgiven debt as taxable income, so you could end up owing Uncle ... debt.  While there are some legitimate operations that can assist you, most of which are non [more...]

Date: 2009-01-07 02:35:39

How to Set New Year’s Financial Resolutions You Can Keep

(source) Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s ... or Equifax. If your credit score is lower than 700 due to some outstanding debt, see if you can get those bills paid off as early in the year as possible. Pay the credit cards with the highest interest [more...]

Date: 2009-01-02 19:55:16

How to Set New Year’s Financial Resolutions You Can Keep

(source) Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s ... or Equifax. If your credit score is lower than 700 due to some outstanding debt, see if you can get those bills paid off as early in the year as possible. Pay the credit cards with the highest interest [more...]

Date: 2009-01-02 19:55:16

Tennessee women to celebrate Day of “Free”dom

Nashville Convention Center transforms into state’s largest life support system for women ... (like setting up a living will, a serious budget and a plan of attack to improve your credit score ... s exactly what women can expect at the fifth annual All About Women experience coming [more...]

Date: 2009-01-14 18:00:45

Suze Orman's Free Book Download - Last Day!

Suze Orman's latest book "2009 Action Plan: Keeping Your Money Safe & Sound" ... . I'm particularly interested in what she has to say about credit and credit scores. And thankfully [more...]

Date: 2009-01-15 16:52:37

Loose Change: 1/14/09

Getty Images Personal Finance: -Companies aren’t just slashing jobs, they’re also cutting benefits, ... including company matches to charity donations. WSJ -You know those free WaMu credit scores we’ve written about before? Rumor is that they might become a thing of the past. Noooooo [more...]

Date: 2009-01-14 15:01:47

692: What does this number represent?

Is it… a) Cans of hair spray Dolly Parton uses each day b) Jillian Michaels’ peak testosterone level c) ... your new Ford Focus starts falling apart e) Joan Rivers’ age in dog years f) The cost (in dollars ... none of the above. 692 represents the average US credit score. Other posts on Pophangover:Other [more...]

Date: 2009-01-15 23:58:07

Friday Stories: Hero Pilot, Bad Birds & A-Rod

Stories I’m watching this Friday: Everyone lives, the pilot averted disaster by ditching in the river, and ordinary humans acted like heros ... American help in the oil business Peru must not have a great credit score MarketWatch: 6 brutal facts you need to realize about your retirement Good for you, bad for phone companies: possible cell phone [more...]

Date: 2009-01-16 03:49:36

January 7 - IBM/MSFT Layoff Rumors Remain - Oglivy Cuts 10% - LM Glasfiber Spins 150 Out the Door - Cessna Warns - 400 Less at Barclays - Aloca Sheds 15,200 - EMC Deletes 2400 - Lenovo Erases 2500

                                  Mike: Good day to all ... with credit scores of 500 who don’t have a steady job. Credit cards are drying up for many, which prohibits those with marginal credit from purchasing with credit cards. Homes are no longer ATMs [more...]

Date: 2009-01-07 13:47:48

Subprime Loans

Subprime loans are probably the one thing that we can put a finger on that has led us to this mortgage disaster ... to individuals who had credit scores well below 680.  It was almost as if these subprime lenders were willing to give anyone over the age of 18 with a beating heart a mortgage loan.  Sadly [more...]

Date: 2009-01-15 02:59:14

New Credit Scoring Model Set for Release in 2009- Finally!

Almost a year ago, we wrote about the new FICO 08 scoring model that was initially planned for roll-out at the latter part of 2008 ... -user information would be included. Small Collection Accounts Disregarded.  Accounts with debt less ... . Besieged with lawsuits between its creator, Fair Isaac, and the three largest credit bureaus [more...]

Date: 2009-01-06 13:47:30

Crime-Ridden Apartments, Credit Reports and Cops

If you haven't carefully checked the fine print in the city's proposed high-crime apartment ordinance, ... better credit score than anyone forced to rent in one of Dallas' more dangerous apartment houses. Kathy ... will be required to collect credit reports on future tenants and make those reports available on demand [more...]

Date: 2009-01-13 23:55:06

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

How Much Is Your Credit Score Costing You?

I hate to say it, but just change your time is no longer sufficient. There was a time when everything you do, good credit to have ensured that all your bills ... , simple decisions you can not pass on your credit card. But why? What is the average consumer, which [more...]

Date: 2009-01-14 13:14:07

Bad Credit Secured Personal Loans

The possibility of loans, while struggling with a bad credit problems, it's a bit difficult ... and a loan calculator, you can come across lenders offering loans at reasonable rates. These loans ... , sponsorship of the marriage, buying a car, and so forth. In addition, your credit score improves [more...]

Date: 2008-11-23 01:09:37

Becoming Debt Free

Becoming Debt Free Posted By William Blake on @ 9: ... balances, especially credit card debt, experience emotional stress that can make it difficult to enjoy ... more for the items you purchased than their actual sticker price. Second, debt can hurt a consumer’s credit score [more...]

Date: 2008-11-18 21:10:43

Good Time To Ask About Refinancing Your Mortgage: I Might Save $50,000!

With the rate drop yesterday, mortgage rates are at amazing lows. People in the office are bragging about locking in 4 ... that you’ll be holding the loan longer than that. Here are two breakeven calculators: one and two ... . (Especially if you have a good credit score and a loan-to-value ratio below 90%.) My favorite source [more...]

Date: 2008-12-18 11:53:02

A Guide to Repairing Your Credit Score

by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]

Date: 2009-01-01 08:28:50

A Guide to Repairing Your Credit Score

by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]

Date: 2009-01-02 22:12:26

A Guide to Repairing Your Credit Score

by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]

Date: 2009-01-10 08:35:57

MORTGAGE FOR BAD CREDIT

If you would like to buy a new home or have some improvement plan but you are in the situation of poor credit score and it is hard to gain the trust ... in the country, and you can also use their programs to help you on debt consolidations, mortgage refinance [more...]

Date: 2008-11-13 07:17:06

Credit Repair Strategies Revealed

Discover How To Build Back A Good Credit Score & Get Out Of The Debt In The Shortest Time Possible! ... Creditors Credit Repair and Avoiding Court Credit Repair Collection Agency Options to Avoid in Credit [more...]

Date: 2008-12-22 14:39:42

Wednesday freebies: Your Eco-Friendly Home

A twice-weekly sharing of eco-shwag. Today’s giveawy is a copy of Your Eco-Friendly Home: Buying, Building, Remodeling Green by Sid Davis. From my review for Low Impact Living: This guide gives you all the general home building, buying or renovating information you need, be it the low down on mortgages, credit scores, or contracting [more...]

Date: 2009-01-14 15:00:31

Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”

Clinton wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... . Is it true that my credit score will suffer even more by me paying back all of my debt? Will this prevent [more...]

Date: 2008-10-15 19:49:53

Why Even Good Credit Might Get Cut

(Photo: Dan Esparza) You can afford your mortgage, you have a high credit score and you pay your bills on time every month ... individuals account, as a form of loss mitigation. The problem this poses for many travelers [more...]

Date: 2009-01-16 02:35:39

The Lending Lunacy Continues as GMAC Gives Out More Bad Loans

This past week the Treasury used $5 billion of funds from the Troubled Asset Relief Program ((TARP)) to purchase senior preferred equity in GMAC, the financing arm of General Motors (GM). GMAC reacted immediately to deploy the funds by lending to new car buyers with credit scores as low as 621 [more...]

Date: 2009-01-01 11:02:24

GM lowers minimum credit score for car buyers

Many are slowly becoming more confident in car manufacturers. It may be due to an infusion of cash into the auto industry, higher cash rebates, and lower interest rates. The Riverside Auto Center is home to Fritts Ford, Moss Bros. Dodge, Dutton Motor Company [more...]

Date: 2009-01-06 08:19:36

Can Businesses Really Check My Credit Report Before Offering Me A Job? [Ask The Consumerists]

Reader Brandon wants to know if those freecreditreport.com commercials are being misleading when they tell you that your credit report can affect where ... , but how is it that they can scare people into checking their credit scores because "it may even [more...]

Date: 2009-01-14 20:53:31

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

Reader Question: My student loans went into collections! How do I get it off my credit score?

Reader's QuestionHi FB,A couple of months ago I was denied a student loan deferment and forbearance although I was unemployed and not earning any ... , like Debt Counselling of Canada. They should NEVER CHARGE YOU ANYTHING for their services ... debt shows. [more...]

Date: 2008-12-01 22:11:00

Credit Repair Tips and Tricks

The best part about finding a third party credit counselor to tackle your credit repair is that you won’t feel so alone ... a larger portion of your available credit. Last off, look at getting what is known as “good debt,” ... , you should work at boosting your score to at least 700. Reduce your credit card balances down [more...]

Date: 2008-11-24 18:27:25

Mortgage Rates are at 50 year lows!

Mortgage markets improved last week for the second week in row ... : * Credit scores of at least 720 * At least 20 percent equity * Relatively low debt versus ... Forums Discuss real estate, network, or learn about investing on our forums! This Article [more...]

Date: 2008-12-22 17:33:40

Happy Friday! *1.16.09*

Oh no! Oh no! Oh no you didn’t! Yes I did. That song is a classic! We’ve been singing it all week in our office ... sent me a cool article about new credit score information.   I found this the article on yahoo [more...]

Date: 2009-01-16 04:39:18

Keep Closing Costs Down

Keep Closing Costs Down January 14th, 2009 | Category: ... costs can vary dramatically for buyers who have identical credit scores, loan terms, and mortgage ... home security bmw diy amplifier wiring sewing aquarium solar flooring auto repair led speaker [more...]

Date: 2009-01-14 11:46:00

Mary Lou Writes In And Wants To Know “Why Does My Credit Score Keep Going Down?”

Mary Lou wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... on one credit card and $7,300 on my car for a total of $12700. In January 2008, I owed over $26000 [more...]

Date: 2008-10-09 21:13:13

Free FICO Score At Equifax (No Strings)

Written on 10/02/2008 by me, Jay White, the founder of Dumb Little Man and an all around average guy ... . As you may know, Equifax is one of the 3-primary credit bureaus in the US and its score is used heavily as a risk criteria anytime you apply for a personal loan, credit card, or auto loan [more...]

Date: 2008-10-02 12:12:54

SAR #9005

Is Big Oil still manipulating the markets? Ups and Downs: Friday the market continued its January jump, ... , so the Treasury is letting GM, via GMAC, give 0% 60 month loans to unemployed folks with credit scores [more...]

Date: 2009-01-05 13:55:00

Mortgage Rates January 15, 2009

The Producer Price Index (PPI) came out and reflected virtually no inflation on the wholesale side of things ... payment, 740 credit scores, and verifiable income and assets. Rates vary based on borrower profile [more...]

Date: 2009-01-15 20:03:13

Ohio Newsbreak - January 7, 2009: Budish, Jimmy Crum Dies, Blackwell’s Quest, Dannettes Reject Offer, Ohio Economy, Fingerhut warns on tuition

Ohio’s college tuition freeze in jeapoardy - Dayton Daily News Lobbyists prepare for another power shift - Columbus Business First Somebody wants ... - Columbus Dispatch Local credit scores sliding - Cincinnati Enquirer Editorial: Cuyahoga Sheriff [more...]

Date: 2009-01-06 16:45:29

Telegraph Outsourcing Production To A Land Down Under

Telegraph Outsourcing Production To A Land Down Under By Patrick Smith - Mon 12 Jan 2009 02: ... from a traditional publisher - which part-owned a London printing plant, employed scores ... developers in Bulgaria and India.” Photo Credit: Marxchivist Layoffs Round-Up: Telegraph, Trinity Mirror [more...]

Date: 2009-01-12 10:42:45

Best Refinance Mortgage Rates - Ways to Qualify for a Low Refi Rate

Obtaining a low rate is a top concern for many homeowners who choose to refinance their existing mortgage ... payments, judgments, and high debt to income ratio are damaging to your credit score [more...]

Date: 2009-01-15 04:45:36

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