Mortgage 101, Refinancing, Credit & Debt

Does Rate Shopping Hurt Your Credit Score?

February 17, 2015 / Posted by Chris

If you’ve ever shopped for a big-ticket item, such as a new television, mattress or car, part of your pre-purchase research undoubtedly included shopping around. After all, these are big purchases and you want to make sure you’re getting the best deal. Why would you ignore this basic principal when financing or refinancing your home?

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Credit & Debt

4 Little Changes That'll Make a Big Difference with Your Credit Score

February 12, 2015 / Posted by Chris

A good credit score is the key to successfully refinancing your mortgage. Here are four simple steps that you can take to improve your credit score, also known as your FICO score. Complete these small steps now and you might save hundreds or thousands of dollars on your future mortgage payments.

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Credit & Debt

4 Compelling Reasons You Need to Check Your Credit Report

February 10, 2015 / Posted by Chris

Lots of people don't check their credit report or scores on a regular basis. Too many consumers don't understand the link between regular credit report checks and good credit maintenance, and "out of sight is out of mind" can be a common way of thinking all too often.

When you start to check your credit report and score regularly, you'll start to understand how you can build better credit and manage your debt more efficiently. All while maintaining a better credit score.

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Credit & Debt

5 Things About FICO Scores You May Not Have Known

February 02, 2015 / Posted by Chris

You work hard to pay your bills on time, save a bit of money and spend wisely. You keep tabs on your credit report, especially now that you're considering refinancing your mortgage. While you've heard about FICO scores, you don't know much about them -- other than that they're really important. Take a look at five things you probably didn't know about FICO scores, and get a better understanding of how it all works.

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Credit & Debt

How Successful People Manage Their FICO Score

January 24, 2015 / Posted by Chris

You may have a friend in mind who seems to have everything figured out from a financial standpoint -- they have little to no debt and seem to be completely in charge of their financial security. They're fiscally responsible, have a well-organized financial life and maintain a high FICO score. How do they do it? 

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Credit & Debt

How FICO Score 9 Changes Impact Your Credit

August 20, 2014 / Posted by Chris

Fair Isaac Corp., the company behind the popular FICO score that is used on consumer credit reports, is going to make some changes to the way the score is calculated. As the FICO score is the most common way that consumers are evaluated for creditworthiness, this means that many individuals could be affected by these changes. Financial institutions typically use credit scores as a way to find out whether they would be willing to lend money to a consumer and to determine what rates to charge the borrower.

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Credit & Debt

How to Manage Credit Cards to Boost Your Credit Score

August 13, 2014 / Posted by Chris

Building and maintaining a good credit score takes dedication and consistency. While it usually takes months of effort to boost your score, doing nothing can cause your score to drop overnight. This thought can be disheartening, especially if you already have a low credit score. But you are not out of options. Below are familiar and not so familiar ways to nudge up your low credit score, starting today.

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Credit & Debt

The Top 3 Credit Score Killers

July 23, 2014 / Posted by Chris

Keeping your credit in good shape is a full time job. If you lose track of your bills or liabilities you can damage your credit score.

A low credit score can impact everything from getting that apartment you love to getting a loan for a car. Not only does having a low credit score cost you more money over your lifetime, it can also cause a lot of stress.

Here are the three biggest credit score killers and some tips on how to avoid them.

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Credit & Debt

What Is Considered A Good Credit Score?

June 11, 2014 / Posted by Chris

You know that you're credit is important if you want to buy a car or a house. But how good does your credit really need to be? What is considered a good credit score?

First consider what your credit score really says about you. Discussing credit can get personal. Please remember that your credit report is simply a record of how well you manage your financial obligations.

It shows if you pay your bills on time and if you manage credit lines in a responsible manner. Credit agencies reward people who handle their financial affairs responsibly with a higher score. And as you know the higher your score the better interest rates you get on any kind of loan or credit card you might apply for in the future.

Your credit score is serious business and it should be treated that way. Keeping a healthy credit score will save you a lot of money over your lifetime. It's an asset that you should take care of.

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Credit & Debt

Do Pre-Paid Cards Help Your Credit So You Can Get a Better Home Loan?

April 03, 2014 / Posted by Jason

Use Pre-Paid Cards and Get a Better Home Loan.

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