3 Money Saving Hacks You Can Use Today
Everyone loves a money saving hacks, right? I mean, who doesn’t like saving money? Having 2 little girls makes me more conscious of my spending, especially around the holidays. Not only do I have to worry about college, and weddings, but I have their sweet 16’s to consider, too. Here are 3 money saving hacks…
The Case Against Credit Repair
When my wife and I moved into our house in 2005, we were by far the youngest in the neighborhood. My neighbors are pretty cool, though. Two of them were WW2 vets. The neighbor to my right is Mr. Handyman. They’re a great bunch who like to have BBQ’s and invite us over. During one…
The Customer is Always Wrong
A client calls and immediately tells me she just needs “x and x” removed. Our standard procedures are to always take a look and audit a credit report before giving any actual advice. But she was so confident that I almost didn’t push. Then I noticed that her loan officer had already sent us both…
The Problem With Our Credit Repair Services
There’s a problem with our credit repair services. I’ll explain… Just the other day I had a client email me that she was very upset and canceling services for both herself and her husband. She was a referral from a loan officer. She wants to buy a house and has nothing but derogatory information on…
New Student Loan Forgiveness Programs Unveiled
The nation’s student loan debt has expanded tremendously over the last decade. Recent graduates are saddled with student debt, preventing them from saving for retirement and delaying marriage and home ownership. And the cost of college keeps going up and up each year. According to data from J.P. Morgan, (JPM) college tuition is the fastest…
Why Your Credit Score Is Different Than The Score Your Lender Sees
FICO isn’t the only credit score model. It’s simply the one lenders use when deciding whether to offer you credit. It’s also not the one people usually receive when they ask for a copy of their own credit report. You get the same raw data, but you don’t get to see the same number that…
What’s in Your Credit File?
It is a common knowledge that credit bureaus keep lots of information, but not everyone knows exactly what information they keep. It’s as complete a record as they can get of your financial history, and they usually try to keep it for a minimum of seven years, and often longer. Here are some of the…
Here’s Why Your Credit Scores Are Different
In a perfect world there would be no difference between your scores at Experian, TransUnion, or Equifax. We don’t live in a perfect world. The truth of the matter is that there can be huge differences between your reports with different bureaus: Some lenders only report to one bureau. Sometimes there are mistakes in your…
Why Your Creditors LOVE Bad Credit
Creditors in the credit equation are known as Data Furnishers. They are the agencies who offer financing to consumers, then report the pay histories back to the credit reporting agencies or the credit bureaus. Some other personal information is also given by creditors, including consumers’ names, date of birth, social security number, address, prior addresses,…
How to Remove Credit Inquiries
If credit inquiries are a source of frustration to you, then you’re in the right place. The section on your credit report called “Credit Inquiries” lists the creditors and companies that have pulled your credit report in the last 2 years. There are two types of inquires: Hard and Soft. A soft inquiry is the…
