Credit repair and Collection agencies

Credit repair and Collection agencies

Credit repair and collection agencies go hand in hand since one is out to get the other. In other words, we sometimes run from our debts taking advantage of a kind gesture. Collection agencies are not as kind as the lenders so, therefore, be a warning…the collection agencies are on the loose. Understand how collection […]

Importance of your credit score for loans

Importance of your credit score for loans

Why your credit score matters to loans Importance of your credit score for loans for your mortgage, Your credit score helps lenders determine your ability or inability to repay the mortgage (and, subsequently, their risk). Lenders also examine your debt-to-income ratio (DTI), the percentage of monthly debt obligations relative to how much income you bring […]

Apply for a house with good credit score

Apply for a house with good credit score

Strictly speaking, you don’t need a credit score to buy a house. If you’re paying cash, no one necessarily cares if you have good credit. However, if — like most aspiring American homeowners — you’ll need financing, then a credit score is a concern. Your credit score is one of the most important factors lenders […]

Avoid going to court paying debts

Avoid going to court paying debts

If you ever entered a courtroom, you know that the stress elevates; even if you are in the room for someone else. Courts are an automatic source of lifting stress. Moreover, to avoid the courts means we have to abide by laws and pay our debts. If you have taken out a home mortgage, car […]

Credit score error can harm housing buyers

Credit score error can harm housing buyers

Equifax – one of the big three U.S. credit scorers – says a computer coding error changed credit scores as much as 25 points, up or down. Between March 17 and April 6 NEW YORK – Equifax, one of the three major credit bureaus, announced that a computer coding error resulted in the miscalculation of credit […]