The Honest Truth About Credit Repair Companies (continued)

January 30, 2010

In the prior post, I asked my client exactly what DSI told her they would do for her to repair her credit for the fee of $487, to which she replied, “That they would dispute some charges and raise my credit score.”.
And I replied to her:
“Lovely………and, unfortunately, exactly what I told you. You need credit [...]

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The Honest Truth About Credit Repair Companies

January 30, 2010

Earlier this week at our real estate investment firm, I had a client that enrolled into our retail rent to own program. The program is a home ownership program that is designed to help clients easily overcome past credit hurdles and get into their dream home. Because the objective is to help the clients get [...]

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FHA Changing their Guidelines for 2010

January 27, 2010

FHA has announced that they will be tightening their lending guidelines in 2010.   The changes are designed to strengthen FHA reserves.  Due to the increase in foreclosures, FHA reserves have dipped down to just .53% of the value of insured loans.  Congressional legislation requires that they keep their reserves at least 2%.
Now, you might think [...]

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Get A Cash Loan Now

January 25, 2010

A cash loan is a great way to get the money you need now, without worrying whether or not you will have to take out a high interest loan from a place like a bank. These loans are great short term loans, as they allow you to write a check to any loan office which [...]

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Federal Credit Card Legislation Goes in Effect Next Month!

January 15, 2010

Today, I was doing research for another article I was writing about credit cards for people with bad credit  I landed on the site of First Premier, which is a company that specializes in working with people with bad credit.  I was trying to find some of their qualifications for an unsecured credit card, and [...]

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Affordable Credit Repair – Is it Right for You?

January 14, 2010

Many people do searches on the internet trying to find affordable credit repair or even free credit repair. There is nothing wrong with this – after all learning to be thrifty is one of the most important parts of permanent credit restoration.
But, before you decide to go down the path of cheap credit repair, [...]

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Top 5 Things That Will Stop You From Qualifying For A Mortgage If You Are Restoring Your Credit

January 9, 2010

With so much bad information about credit restoration in the marketplace, I often get asked by people what will prevent them from qualifying for a mortgage within a 12-24 month time frame. Let’s be honest – If you are working on credit repair mortgage application can be nerve wracking. So, if you are presently working [...]

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Read This Before Applying For Bad Credit Loans

January 6, 2010

If you are having a hard time financially, you are not alone in wanting to turn to bad credit loans. With so many Americans out of a job, with debt and credit card balances at an all time high, with our incomes being reduced, and daily expenses like utilities and food going up, it’s daunting [...]

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Prepare for Your Mortgage Loan with Rapid Rescore

January 5, 2010

Rapid Rescore is a service provided by mortgage lenders that can get your credit report errors fixed and your credit score recalculated much faster than if you were to do it on your own.
If you are considering a mortgage or a bad credit mortgage refinance loan the first order of business is to get your [...]

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What’s in Store for FHA Loans in 2010?

January 4, 2010

It goes without saying that 2009 was a difficult year for the mortage industry. While their were once numerous option for those seeking a bad credit home mortgage, FHA became the go to product for those with less than perfect credit. Even then, the minimum credit score required soared up to a 620.
So, [...]

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