Credit Score

Buying a House with Bad Credit

September 25, 2009

I get questions every day about the options people have when they are interested in buying a house with bad credit. Are there still options? Can you get into your dream home when you have less than perfect credit? The truth is, your options are much more limited than they were just a year ago, [...]

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Bad Credit Repair –7 Easy Strategies to Improve Credit Fast!

September 15, 2009

1. Pay Down Your Credit Cards! Ideally, you want to owe less than 25% of the available credit for each account. (No, it won’t help you AS MUCH to pay down your highest interest cards first or your lowest balances. You need to have EACH card paid down below 25% for the best possible score) [...]

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Establishing Credit When You Don’t Have Any!

September 11, 2009

Most people I talk to are interested in repairing their credit. Even people with good scores are now motivated to make them GREAT (i.e. 720+) due to tightened lending guidelines. While trying to repair damaged credit is certainly a challenge, there is something that can be even more difficult to overcome. What? NOT HAVING ANY [...]

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New FICO Model — Will it Help Your Score?

August 31, 2009

The new FICO 08 credit scoring model is out, and over 400 lenders are already using it. The credit scoring model was redesigned to give lenders a better idea of your credit risk. Will it help your score? Here are some key features: Collections under $100 will no longer hurt your score.  This means a [...]

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Your FICO Score…Understanding What Matters!

August 27, 2009

So now that you have a basic understanding of what doesn’t impact your credit score, let’s talk a little bit more about your FICO score and what does have an impact. That way you will have a better understanding of what you need to do to improve credit! Your FICO score is a score that [...]

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