At the end of every mortgage term, you have to renegotiate or renew the terms of your mortgage. However, you may not want to wait until then; you may want to refinance. Follow complete guide to mortgage refinancing. Refinancing is simply replacing your current mortgage loan with a different one, usually with different terms to best […]
How Credit Scores Are Built – Part Five Did you know that shopping for new financing might hurt your credit scores? One of the most controversial topics when it comes to credit scoring is that fact that allowing lenders to pull your credit can potentially have a damaging impact upon your credit scores. As a […]
How Credit Scores are Built: Mix of Credit FICO is the company who creates the brand of credit scores which are used most commonly by lenders in the United States. This means that whenever you apply for a mortgage, a credit card, an auto loan, a personal loan, or many other types of financing there […]
A common question asked is whether professional credit repair is more worth it than DIY credit repair. Many people do it themselves, whereas others call a professional. Credit reporting errors happen and they occur probably a lot more often than you think. The Federal Trade Commission even conducted a study a few years ago which […]
Amounts Owed Think making timely payments is all that matters when it comes to your credit scores? Think again. Obviously how you pay your bills is a very important factor in your credit scores, but it only accounts for 35% of your FICO credit scores. This means that the majority of the factors which make […]
Payment History Payment history is the #1 consideration for your credit score. Accounting for 35% of your FICO score, it’s the most important thing you need to keep track of. Despite what you may have read online or heard on your favorite financial talk show, you do not have just one credit score. You do […]
