It is much easier to get paid charge-offs removed than unpaid charge-offs. There is no incentive for the creditor to fight the dispute, since they already have their money. So if you dispute the charge-off, the credit bureaus will send …

How is my credit score impacted by paying a charge off? Read more »

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credit fixers or self help credit repair

Credit Repair Companies, even the good ones (and I say that very generously) remind me of a quote from one of my all time favorite private dick movies “the Two Jakes”. In the opening scenes Jake finds himself at the top of the heap, professionally speaking, the “leper with the most fingers.” This is how I feel about credit repair companies, even the good ones are just one finger away from being fingerless.

A few weeks ago I sent an email to my clients titled “Credit standards ARE loosening” which was inspired by a blog  FHA 203(b) Loans for North Carolina borrowers with 620 Fico Scores . In that email I pontificated that …

It just got a little bit easier to buy a home in Raleigh Read more »

Private Mortgage Insurers leading the way in housing recovery   One of the earliest indicators of the housing meltdown which began in 2007 was that issuers of Private Mortgage Insurance (PMI) began to contract their underwriting guidelines for issuing PMI …

Private Mortgage Insurance helps lead the way in the Housing Recovery Read more »

One of the booming  cottage industries that has emerged from the Great Recession is credit repair companies. Most are by the same people who flew the sub prime mortgage industry into the ground lying to home buyers about their ability …

How to DIY Credit Repair Tips Read more »

In my free time I enjoy riding my Felt road bicycle. There is a cliché amongst cyclists, “there are two types of bikers, those who have crashed and those who haven’t crashed yet”. The same can be said about identity theft. It seems like once …

How to place a Security Freeze your Credit Reports Read more »

Q&A: Impact on Credit Scores? QUESTION: Can a Home Equity Line of Credit (HELOC) impact my credit score? ANSWER: Credit expert Linda Ferrari (author of “THE BIG SCORE: Getting It and Keeping It, Buying Power for Life”) explains that HELOCs are …

Can a Home Equity Line of Credit (HELOC) impact my credit score Read more »

Even if you use traditional credit very little, now you can build a good history by having your rent payments reported to the credit bureau.