Category Archives: Lending

Having Exclusively Loans or Exclusively Credit Cards

Many individuals don’t realize that maintaining a mix of credit is important to their overall credit score. In fact, mix of credit makes up 10% of your credit rating. For this reason, it’s a bad idea to only have credit … Continue reading

Posted in Bad Credit or No Credit, Bankruptcy, Budget, Building Credit, Credit Repair Software, Credit Score, Debt Negotiation, Debt Validation, Divorce and Credit, Late Payments, Lending, Understanding Your FICO Score, Validate the Debt, VantageScore | Tagged , , , , , , , , , , | Leave a comment

Things That Do No Damage Your Credit!! Yahoo

If you pay child support and/or alimony, you won’t be putting your credit score on the line unless your payments become delinquent to the point where a collections agency becomes involved. So long as you’re making the minimum payments on … Continue reading

Posted in Bad Credit or No Credit, Building Credit, Co-signing, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Foreclosure, Inquiries, Late Payments, Lending, The Credit Market, Understanding Your FICO Score, Validate the Debt | Tagged , , , , , , , , , , , | Leave a comment

Things…. Improve Your Credit

The notion that bank overdrafts lead to a lower credit score is one of the most common misconceptions when it comes to repairing, maintaining and improving a credit score. If you overdraft a bank account or accidentally write a check … Continue reading

Posted in Bad Credit or No Credit, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Interest-Only Loans, Late Payments, Lending, Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

Home Foreclosure

If you get too far behind on making your mortgage payments, your lender will be forced to consider foreclosing on your home. This will have a multitude of negative effects:ย  Your credit score will severely decline as a result of … Continue reading

Posted in Debt Negotiation, Debt Validation, Foreclosure, Late Payments, Lending, The Credit Market | Tagged , , , , , , , , , , , | Leave a comment

Reverse Mortgage and Credit Repair

A reverse mortgage is a loan that lets the borrowers tap in to their home equity without selling their home. This type of loan is limited to borrowers 62 years of age or older. Essentially, the mortgage lender makes payments … Continue reading

Posted in Budget, Lending, The Credit Market | Tagged | 3 Comments