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May 19th, 2009 13:05 |
When you have negative information in your credit report that is accurate, there is only one way to get rid of it. Only the passage of time can lead to its eventual removal. The good news is that it will eventually be removed.
Any accurate negative information that has been filed in your credit report can generally stay on your report for seven years. As always, there are certain exceptions. Any information about a bankruptcy you have filed may be included in your credit report for up to ten years.
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May 17th, 2009 19:55 |
Many home buyers are very worried about this issue. We’ve even heard one story that an applicant was denied a mortgage because he had returned a rented videotape late!
Of course, that could never happen. And most people don’t need to worry about the effects of their credit history.
However, you can be better prepared if you get a copy of your credit report to review before you apply for your mortgage. That way, if there are any errors you can take steps to correct them before you make your application.
Click here to get a free credit report w/free credit score.
If you have had credit problems, be prepared to discuss them honestly with your mortgage lender — and come to your application meeting with a written explanation.
Responsible mortgage lenders know there can be legitimate reasons for credit problems, such as unemployment, illness or other financial difficulties.
If you had a problem that’s been corrected, and your payments have been on time for a year or more, your credit will probably be considered satisfactory.
If you need a home loan now and can’t fix your credit report first., then use E-Loan for a fast and painless loan approval with bad credit.
http://www.home-loans-help.com/credit-history-mortgage.htm
Omar M. Omar
Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you’d be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help creditors evaluate your ability to repay home mortgage loans. Here’s how credit scoring works in helping decide who gets credit — and why. (more…)
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May 14th, 2009 12:14 |
3 Ways to Improve Your Credit score By 50 Points In Less Than 30 Days
Hartley Pinn
“What can you do to increase that set of three numbers on your credit report that can be so important with your financing? “
I came across this question as I was surfing discussion groups the other day. Check out my answer:
Dear Friend,
Here are 3 steps I used to take my credit score from 592 (horrible credit) to 762 (perfect credit) almost overnight. If you’re interested in improving your credit rating quickly, you’ll find this story helpful: (more…)
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May 13th, 2009 21:01 |
MARY LAN TOMKINS
The Federal Trade Commission on Tuesday alerted consumers that the agency has received complaints about companies who claim to give consumers a free credit report. The credit reports these companies offer aren’t truly free – the consumer gets stuck with fees that are hidden in the fine print, or they are enrolled in memberships for unwanted services. We’ve all seen that often-run commercial with the catchy jingle about how this guitar-toting man’s life is a mess because of identity theft and he’s forced to work at some restaurant. (more…)
Before you sign and shake on it, find out what sort of business you are dealing with. Business credit reports are a necessity to take risk out of a new venture.
EXPERIAN Business Credit Reports are nationwide and include:
Trade information showing a company’s payment history
Public record information such as (more…)
