First Time Home Buyers
From the monthly archives: December 2007
You should check your credit report at least once a year to make sure your identity has not been compromised. It’s a good idea to also check your credit report before applying for a loan, if you’ve been denied for credit, you think your identity has been
Continue Reading →Review Your Credit Reports Regularly
If your identity has been stolen, regularly review your consumer credit reports to detect any suspicious activity. You are entitled to free credit reports, one from each of the three large credit reporting agencies
Continue Reading →During the Holiday Season, economists watch consumer spending intently because it makes up two-thirds of the U.S. economy.
When spending is stronger-than-expected, it can lead to inflation which pushes mortgage rates higher.
So far this season, mortgage shoppers should be in good spirits. Sales have fallen four weeks in a row and the [...]
Continue Reading →Opt-Out
To protect yourself further by removing your name from mailing lists, pre-approved credit offers among other lists, see below:
- To stop prescreened credit card offers, call toll free: 888-567-8688
- To get off many lists for marketing mail, calls and email:
http://www.dmaconsumers.org/cgi/offmailinglist
http://www.dmaconsumers.org/cgi/offtelephone
http://www.dmaconsumers.org/consumers/optoutform_emps.shtml
For information on the federal [...]
Continue Reading →The three credit bureaus are: Equifax, Experian, and TransUnion. The websites are www.equifax.com, www.experian.com, and www.transunion.com, respectively.
Fair Isaac is not a credit bureau. It is the company who develops and maintains the FICO score.
Continue Reading →Federal law entitles you to one free credit report each year from each of the three credit bureaus. This credit report should be ordered through www.annualcreditreport.com.
Continue Reading →Your credit score is calculated by using mathematical models that analyze your creditworthiness. The models consider the amount and types of debt you owe and then analyze and compare your repayment history with thousands of other consumers to arrive at a credit score.
Some of the most important factors in determining your credit score include [...]
Continue Reading →Mortgage rates moved away from the best levels of the year last week with force, and this week could resemble last.
Markets have been grappling with conflicting signals about the U.S. economy.
On one hand, there is evidence of inflation in the form of higher cost of living. On the other hand, [...]
Continue Reading →A divorce does not supersede the original contract with the creditor, and does not release you from legal responsibility on any accounts. You must contact each creditor individually and seek their legal binding release of your obligation. Only after that release can your credit history be updated accordingly.
Continue Reading →Equifax, TransUnion and Experian are three separate companies who compete against each other. As such, they do not share their information. It is very unlikely that your credit reports are the same at all three credit bureaus. There are three primary reas
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