Credit Repair 
There are currently 3 blog entries related to this category.
Credit Repair - Time Well Spent
Thursday, February 12th, 2009 at 2:06pm. 58 Views, 0 Comments.
There is so much information out right now about credit it's mind boggling. What is your credit score and how does it affect your buying power? What do all of these numbers mean and how important are they really?
Your credit or FICO score is a number that creditors and bank use to determine credit worthiness. If you have perfect credit your score will be in the 800's. If you have good to fair credit your score will be in the 700's to middle 600's. If you have poor credit your score will be in the low 600's or below. When you are ready to buy a house, car, get new insurance or even find a job your credit score is pulled and that gives whoever is looking at it a quick snapshot into your financial history.
Well - we are…
Credit Restoration Can Help You Save Money
Wednesday, January 28th, 2009 at 1:38pm. 48 Views, 0 Comments.
Credit restoration is a good way to clean up your credit and can help make getting a loan easier than ever. I have a client right now that has a mortgage that is sitting at about 7.5% interest. Of course now that the banks are lowering their interest rates to near historic lows, he wants to take advantage of this opportunity. Unfortunately he isn't able to refinance his current mortgage because he has a couple of dings on his credit. If he were able to get the current rate he would be lowering his mortgage payment by about $300 per month but until he improves his credit rating the bank that is offering the low rate won't approve the refinance.
If you are wanting to take advantage of the current interest rates but need to restore your good credit, now is…When Good Credit Isn't Good Enough
Friday, January 16th, 2009 at 10:02am. 75 Views, 0 Comments.
In today's economic environment having excellent credit is more important than ever. I have some clients that have always had good credit and have had no trouble in the past applying for and receiving lines of credit. They have no car payments and have for the most part stayed on top of their debt. When recently applying for a "90 days Same as Cash" line of credit for a household item, they were stunned when they were declined. The cost of the item was less than 8% of their monthly income and they couldn't get approved. That seems to be the story now days when lenders are tightening their belts and denying credit to people with even a slight ding on their credit report.
Credit repair can help by challenging late payments made in the past, working…