There’s an old adage He Who Has the Gold Makes the Rules aka ‘ The Other Golden Rule’. Nothing could be further from the truth in this scenario so the best answer here is ‘It depends’.
FAQ – What is a Charge Off? A charge-off is an accounting term used … More What is a Charge Off?
Getting denied a mortgage doesn’t have to derail your dreams. iQualifier, a new credit management site, can help you take control of your credit and make smart financial decisions.
In this Google Hangout we discuss the recent changes to the USDA Rural Development Loan Program
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.
What Is an FHA 203k Loan?
This loan can help you buy and repair a fixer-upper or what is sometimes called a Handyman special
FHA 203k loans are loans that are insured by the Federal Housing Administration The federal government designed these loans to encourage lenders to fund seemingly risky home purchases. Risky, because they are homes that either don’t meet HUD standards for occupancy and are in need of major renovation or simply need some updating but the updates are causing the homes to fall short of market expectations.
By now everybody should know that getting a mortgage loan to buy a house today is not as easy as it was in 2007. The so called mortgage meltdown of 2008 changed everything; just ask anyone who obtained a mortgage in 2007 and who has obtained another in 2013, there’s no such thing as “take my word for it”. Today, everything, and I mean EVERYTHING out of the ordinary has to be documented, verified and then certified. The process is very detailed and nothing is left to chance but with motivated borrowers, and the right mortgage lender the process can be smooth. Continue reading When Spanish Alone isn’t enough
Fair and Accurate Credit Transactions Act (FACTA ) was a law passed by the US Congress in 2004. This act allows consumers to request and obtain a free credit report once every twelve months from each of the three nationwide consumer credit reporting companies (Equifax, Experian and TransUnion). Continue reading How to Get Truly Free Credit Reports For Life
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 a week I read headlines such as Sony Hackers Claim to Have Credit Cards, and, Senate panel quizzes IRS on tax-return identity theft.From what I can tell there are no indications that identity theft will decline anytime soon either.
Continue reading How to protect your Credit from Identity Theft