Finally, paying rent can help your credit score!

August 23, 2021 by Norm Schriever

Finally, paying rent can help your credit score!

Right now, there are approximately 43 million households being rented in the U.S., which adds up to well over 100 million people. And although about 35% of the population does not own a home, they still have to pay close attention to their finances, debt, and credit scores.

For homeowners and those who have a mortgage, that home loan acts as ...

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May 26, 2021 by Norm Schriever

What credit score is considered good or bad? (And why does it matter so much?)

Your credit score is an essential part of your financial picture, with a huge impact on how much you pay for loans and other accounts. In fact, credit score impacts many aspects of your finances, including your credit cards, mortgage, auto loans, student loans, insurance, utilities, and even can possibly help you get (or lose) your dream job.

And yet too ...

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April 4, 2021 by Norm Schriever

3 Big questions you may have about your credit score right now.

These days, the financial future remains muddied for tens of millions of Americans, with the fallout of the pandemic causing economic devastation for years to come. So, if you’ve experienced some sort of blemish on your credit due to a missed payment, collection, or eviction, you’re not alone.

But for those who are looking to rebuild and start their lives anew, ...

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July 13, 2020 by Norm Schriever

Understanding the difference between VantageScore and FICO Scores

At first glance, you may think they’re the same thing – complex software algorithms that crunch credit reports and spit out a credit score based on that data. Digging deeper, we even see that the scoring models known as VantageScore and FICO have similar goals: to gauge the risk of a consumer falling behind at least 90 days on one ...

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August 17, 2018 by Norm Schriever

Las Vegas & Nevada residents falling short when it comes to debt, collections, and credit.

Residents of Las Vegas and Nevada are known for many things, including hosting millions of tourists, gamblers, and vacationers every year to the ‘Vegas Strip. But Nevadans are now known for another, more auspicious, reason: mismanaging their finances.

Unfortunately, that’s the ugly truth we find by looking into the wallets of the average Las Vegas or Nevada consumer – a fact that’s backed ...

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May 10, 2018 by Norm Schriever

Sky-high with the San Jose, Ca housing market

California is known for many things, including beautiful coastline, amazing peaks and parks, wine country, and plenty of sunshine. But there’s another thing that the Golden State is known for – high housing prices. While we usually think of San Francisco, Los Angeles, or even San Diego first when luxury real estate comes up, it’s another city – San Jose – that ...

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April 14, 2017 by Norm Schriever

Thanks to new rules, millions of consumers will see a boost to their credit scores

If you’ve been toiling with a low credit score due to a tax lien, civil judgment, or similar negative item being reported, you’re in store for some good news coming very soon. Starting this summer, millions of Americans will be getting a credit score boost even if they haven’t paid down debt or don’t anything else ...

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March 3, 2017 by Norm Schriever

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 ...

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February 26, 2017 by Norm Schriever

3 Things to consider when getting a secured credit card

There are many reasons why a record number of consumers are getting shut out of traditional lending, unable to get a mortgage, auto loan, or even a single credit card. In fact, millions of Americans suffered significant damage to their credit scores through the Great Recession, leaving them with foreclosures, bankruptcies, and a whole ...

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January 26, 2017 by Norm Schriever

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, ...

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