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 ... Continue Reading →
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 ... Continue Reading →
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 ... Continue Reading →
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 ... Continue Reading →
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 ... 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, ... 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 ... 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:
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- Keep your credit card balances low. The most effective way to improve your credit score is to pay down ...
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 ... Continue Reading →
How long will late payments, collections, bankruptcies, foreclosures, and other negative items remain on your credit history?
So you slipped up and missed a credit card payment once, or the dog ate the bill for your last car loan payment so it wasn’t paid on time. Inevitably, life will throw some circumstances at us that end up as negative items on our credit report. But the question we set out to answer today is, “How long will negative information STAY on our ... Continue Reading →