Up until only a few months ago, consumers were largely in the dark when it came to the credit score information that big banks and credit card companies used to make decisions about their own customers. But that all changed last November when the Fair Isaac Company, known as FICO, rolled out a program encouraging banks to provide free credit scores to their own customers. The initiative received a huge boost in legitimacy recently as Citigroup announced that they would ...Continue Reading →
What does it mean when an account is in dispute?
While the credit bureaus are conducting their investigation of the validity and accuracy of an account they will often times put the verbiage, “consumer disputes account information” or “information disputed by consumer” in the comments section of that particular account. Please note, that not all accounts will have the dispute comment.
How does this affect me?
If you are planning or in the process of purchasing a home you would most ...
In a shocking development from the “you can’t make this stuff up,” department, former Federal Reserve Chairman Ben Bernanke recently disclosed that he’s had some mortgage trouble of how own. Speaking to a conference at the National Investment Center for Senior Housing and Care, Bernanke confessed that he’d been denied for a mortgage refinance on his own personal residence.
“I recently tried to refinance my mortgage and I was unsuccessful,” said Bernanke to moderator Mark Zandi of Moody’s Analytics in front ...Continue Reading →
This week, the credit reporting giant FICO reported they’re rolling out an update to their scoring model, FICO Score 9. Once implemented, it will provide a more accurate and fair way to gauge consumer collections for credit scoring. The highlight of FICO Score 9 is that it will differentiate medical collections from other consumer credit accounts in collections. Up until now, those two types of accounts were lumped in together once they hit collections – hurting credit scores the same way. But with a ...Continue Reading →
Originally posted August 3, 2014.
The last few days, more people have expressed concern over the decision to bring two aid workers who are inflicted with the Ebola virus back to the U.S. for treatment. Around the water cooler, there are whispers about the virus spreading here on U.S. soil. On Facebook, people offer their opinion that we shouldn’t bring the infected man and woman back into our borders for fear of an epidemic. There are even people prophesizing that this ...Continue Reading →
1. They go the extra mile.
People who achieve big things in life invest extra effort, thought, and creativity into everything they do, no matter how big or small.
2. They take risks and are willing to fail.
Failure is not the enemy of successful people – it’s a necessary ally. In fact, if they don’t go through enough failure in their lives they understand they’re not taking enough risks.’
3. Luck is created.
Successful people don’t wait around for luck to bless them – ...
We recently wrote a blog about a controversial study that concluded where you go to college may not be nearly as important to career success as once thought. It begs the question – if employers don’t put high regard into which institution of higher learning you graduated from, then what do they look for? We hit the books once again to find the answer.
Our syllabus in this class comes from a recent Gallup poll that ranked how much weight business ...Continue Reading →
The tragic case of murdered Realtor Beverly Carter reminds everyone in the business just how vulnerable we are, and especially women who are showing houses and meeting with clients. We care deeply about keeping our beloved real estate family safe, so Blue Water Credit would like to present you those 18 essential Realtor safety tips.
1. Work on the buddy system.
Have a designated safety partner in the office, an assistant or other realtor who you coordinate your schedule with. Communicate ...
This morning, news broke that shattered the real estate community and filled us with dear, empathy, and anger all at the same time. Arkansas Realtor Beverly Carter, who was reported missing last Friday night after disappearing from a routine home showing, was discovered dead. Carter, 49, an experienced real estate professional who worked for Crye-Leike Real Estate in Scott, Arkansas, hadn’t been heard from after driving out to show a listing on Friday, September 25. She called her husband, Carl ...Continue Reading →