Category Credit Scoring

HAPPY NEW YEAR 2012 0

Jan4

Short Sales Have Most Significant Legal Issues 0

Aug4

Here is a great video from Bryan and Frank. Hope you Enjoy 

 

Online mortgage quotes assist in keeping credit intact 0

Online mortgage quotes seem to be a best initiative in the search of home mortgage. Customer and applicant should not go for the advertised rate in practical value. Mortgages are not supposed to be the layered products. It is a very general approach that each and every candidate possesses some unique circumstances and intentions to be accomplished. Each and every product of loan is deliberated to solve particular candidates and applicants and hence require some unique qualification. Lower rates of interest usually indicate that it is quite tough to get lowest accessible products approved. However, it is obvious that each and every bank will definitely make as mush as possible advertisement of their products and services so as to get more and more numbers of customers.

  continue reading »

What Makes Up a Credit Score? 0

Here a credit score, there a credit score, every where a credit score. Some of us don’t want to even think that a little 3 digit number can trouble us, but it does. Three credit reporting agencies keep track of our debt payment records; Equifax, Experian, and TransUnion with their Fico Scoring models BEACON score, Experian/Fair Isaac Risk Model, and EMPIRICA. Each agency is going to score a little bit different but here is a break down of what makes up a credit score.

This mysterious number is what determines the cost of debt to individuals. The credit score range is between 300 to 850 and currently the average is 723. The higher number means lower cost of debt, and the lower the score means higher the cost of debt. Let’s take a look what makes up a credit score.

continue reading »