Archive

in February 27, 2013 by in Credit Scoring, Your Money

What most people don’t really realize is the “cost” of having a mediocre or poor credit score.  They go on their merry way paying whatever the lenders say they must when they purchase, whether it be with credit cards, auto loans or home loans.  Consumers bemoan the high cost of things, not realizing that they

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in February 25, 2013 by in Credit Repair

It's official!  The state of our credit has made national news!  60 Minutes did an expose on the state of the nations credit histories for our citizens.  What they found doesn't even begin to show the size of the iceberg under the surface. Everything we do today, unless we live in a cave, in one

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in December 13, 2012 by in Credit Repair

Dec 13 2012:  By Nicholas Owens, Guest Columnist Consumer Financial Protection Bureau report details how the nation’s largest credit bureaus manage consumer data Credit cards dominate consumer reports; Debt collection tops disputes WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released a report on the consumer experience with the three largest nationwide credit

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in December 6, 2012 by in Uncategorized, Your Money

There are at least two versions of the word "underbanked": 1)   Those who have had a checking account closed by the bank.  This usually occurs when too many checks bounce, or the account is overdrawn too many times.  Banks have regulations they must follow, so if you hit their magical threashhold, they can cancel your

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in November 6, 2012 by in Credit Scoring

Credit reports can be mysterious documents to read and understand.  In this section, we will dissect the document by sections so you can become more familiar with the terminology, structure and information it contains about you. Primary Data (your identity):         Primary data consists of your first, middle and last name, including any prefixes and suffixes…i.e.

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in November 2, 2012 by in Your Money

As a responsible parent, it is important to teach your kids about the wonders and pitfalls of money management.  But if you are in financial trouble yourself, how do you teach your kids anything that will have meaning for them?  Remember, just because you are having temporary financial troubles, does not mean that you don’t

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in October 16, 2012 by in Credit Repair

You have probably heard the buzz at some point:  "there are ways to create an alternative tax identification number".  So I felt it was important to discuss this subject so you know the facts, and not believe the "hype" on the internet. At one time, hundreds of websites were advertising that they could get you

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in October 16, 2012 by in Credit Repair

Did you know that at least 85% of credit reports in the United States have errors?  Do you understand what those errors mean to you?  Well, most of us don't know the whole story.  The three major credit bureaus, Experian, TransUnion, and CSC/Equifax, are the main repositories of data that is reported about your credit

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in October 12, 2012 by in Your Money

It was announced recently that a new credit report would be available to the public and lenders.  In a partnership between Fair Isaac Corporation (FICO) and CoreLogic (CREDCO), the new report is called the "FICO® Mortgage Score Powered by CoreLogic®". The purpose of the new report is to give lenders an advantage by providing non-traditional

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in October 11, 2012 by in Your Money

Credit Repair and Bankruptcy   Many people ask us "will bankruptcy completely screw up our credit report"?  The answer is, of course, complicated.  The short answer is "yes", and the longer answer is "it will get better". Having a personal bankruptcy on your credit report will affect your score as much as 200 points, and

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