How you can tell if a credit repair company is operating illegally

Credit repair organizations provide a valuable service to consumers, helping to increase credit scores by holding credit bureaus, banks, debt collectors, and lenders accountable for reporting accurate information. However, like with any financial service, it’s important for consumers to know their rights and make sure the credit repair company they hire is following all laws and regulations.

So what’s the most important thing to look for ...

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Using Dave Ramsey’s Debt Snowball method to pay off your credit cards.

Amid our current rosy good news of stock market surges and economic growth, there sits an extremely prickly thorn: high credit card debt. In fact, the levels of U.S. consumer credit cards and other personal debt have reached levels not seen since the debt parade stopped in 2008 with the U.S. financial collapse.

In fact, as of 2016, our collective consumer credit card debt climbed to $927.1 billion, ...

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Mortgage brokers and loan officers: here are 10 ways you can increase a borrower’s credit score in short order (Part 2)

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 ...

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A closer look at FICO’s many versions of your credit score.

A closer look at your different FICO scores:

What’s your FICO score? No matter what you respond, your answer will be wrong – or at least incomplete – because FICO actually has several scores for each score holder. In fact, FICO, the metric for consumer credit scoring introduced by engineer William Fair and mathematician Earl Isaac in 1956, has evolved from one general score into myriad ...

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21 Financial Red Flags (Part 2)

These days, so many people are struggling financially, failing to save, awash in debt and student loans, shut out from home ownership, and wondering how they’ll retire comfortably. So it’s more important than ever to identify the red flags in our financial picture, and then fix them.

In part one of this blog we covered the first 7 financial red flags to look for. Here are 7 more to identify in case you’re inadvertently sabotaging your finances, and most importantly, action ...

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