Every time you use your smartphone to Google something, every time you tag your location on social media, and definitely every time you buy something online, companies are collecting your data. In fact, most major retail brands, companies, and online sites that sell products or services are carefully “mining” your sensitive personal and financial data, reselling it to third-party data collection companies who then analyze, ...Continue Reading →
February is Black History Month, so we’d like to applaud and celebrate some heroes of the Untied States civil rights movement. Initiated by Carter G. Woodsen in 1921 as only a week, this reverence for African American contribution and culture was placed in February because it marked the birthdays of both Frederick Douglass and Abraham Lincoln. It was later expanded to a full month in ...Continue Reading →
When TransUnion and Equifax got caught for defrauding consumers by urging them to unnecessarily pay for credit scores and products, the Consumer Financial Protection Bureau (CFPB) stepped in to make things right. Now, the CFPB has taken strong action against the credit reporting agencies, forcing them to pay stiff fines as restitution to those they deceived.
In fact, TransUnion and Equifax have been ordered to pay ...Continue Reading →
Loan officers and mortgage brokers often see potential home buyers fall a few points short of qualifying when it comes to credit score, but that doesn’t mean they need to be turned away. In fact, there are strategies we can employ to increase a borrower’s credit score by 5, 10, or even 25 points in a short period, allowing ...Continue Reading →
Anyone who’s in the mortgage business knows that the halcyon days of an easy refi boom driven by historically low rates is probably over, which means that credit score will be more important than ever in getting a borrower approved for the right loan product. But even if you pull their credit and they fall ...Continue Reading →
If you’re a Realtor or loan officer, it probably feels like you spend the lion’s share of your time collecting and organizing other people’s documents. But now that it’s 2017 and April 15 isn’t too far away, it’s time to get your own financial house in order for the IRS.
Considering that most Realtors, loan officers, and brokers are self-employed, that means getting a (hopefully sizable) ...Continue Reading →
It’s 2017, and that means it’s the perfect time for you to get your finances in order – starting with an improved credit score. Here are 17 great tips for improving your credit score in 2017:
- Keep your credit card balances low. The most effective way to improve your credit score is to pay down your ...
I know what you’re thinking: the confetti is still falling from New Year’s Eve 2017, and the year is just getting started, so why would we want to discuss taxes? It’s actually the perfect time to start preparing for tax day so you won’t be scrambling and rushing come April. In fact, tax preparers and CPAs get ...Continue Reading →
As the confetti falls on another New Year and the calendar page flips to 2017, we’re reminded by how truly incredible 2016 was. To commemorate the last 365 days and say goodbye to 2016, we decided to put together our top-10 blog posts of the year, as determined by reader views.
As always, thanks for reading, sharing, and follow Blue Water Credit, and please reach out to us if you need any advice or help with your credit score in 2017. ...Continue Reading →
What’s in a number? When it comes to credit scores, it turns out a whole lot! Here are 20 illuminating statistics about credit score that we updated with the most recent data for 2016:
1. The average FICO scores, the most commonly used model with a range from 300 to 850 points, is 699 as of July of ...Continue Reading →