Do you know what a bankruptcy lists is and if you are on it? If you have filed for bankruptcy, you are sure to be on several bankruptcy lists! You probably thought that you would quit receiving so much junk mail after your bankruptcy, but because of bankruptcy lists, you will receive more than ever! Credit card companies know that you are probably eager to reestablish your credit. They also know that you cannot get out of your debt for at least seven years, so they are happy to obtain your personal information.
Your bankruptcy became a part of a public record and there are people whose job it is to compile bankruptcy lists. Many different marketing companies hire people to gather the information from the public record and create these lists so they can sell your name to companies who are anxious to sell you their services. The companies who purchase these marketing lists range from credit card companies to credit repair services, and everything in between! The demand for hot business leads is growing more and everyday.
There really is not a way to stop receiving mail from these companies once you are victim of the bankruptcy lists. As soon […]
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So, you0re about to get a mortgage? Take a deep breath. Prepare to spend a little bit of time doing your homework. Three or four hours of effort may end up saving you thousands of dollars now, and tens of thousands of dollars over time. Home financing can be intimidating, but it0s not rocket science. A few basic considerations can make a world of difference.
Let’s get started
Educate yourself. Get several quotes. Mortgage brokers will generally offer a better deal than a bank, but it doesn0t hurt to call a bank or two for comparison as well. A good loan originator will spend as much time with you on the phone as you need. And a truly professional loan originator will ask enough questions to understand your goals. If you don0t feel good about a conversation, trust your instinct; cross them off your list and move on.
Get everything in writing
Make sure to ask for Good Faith Estimates. There can be quite a few costs associated with getting a mortgage. You want to see every one. Comparing Good Faith Estimates can be challenging because different mortgage lenders often use different terminology. Don0t let that stop you. It0s also a good idea to […]
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What is the quickest way to improve your score? Do mortgage inquiries count against your credit score? Credit repair expert Jim Kemish answers these questions and more.
The Importance of Your Credit
Your credit score will determine the interest rate that you are charged on everything from your credit cards to your mortgage. No other single bit of data has such a dramatic impact on the quality of your life. Nothing is as important, and yet credit scoring is widely misunderstood. Here are answers to some of the most common questions that we are asked.
When Did Credit Scoring Start?
In the 1950s two Stanford University researchers, engineer Bill Fair, and mathematician Earl Isaac invented the first version of what has become known as the FICO score. Fair, Isaac & Company0s FICO score is now the most widely used credit bureau score in the world. Automated FICO scores were first made available in 1989 and initially used primarily by credit card issuers. In 1995 Fannie Mae and Freddie Mac, the two secondary mortgage market giants, first recommended that lenders pull credit scores for all borrowers. And the rest is history.
Why Are the Three Scores Different?
There are three primary credit bureaus. They are Experian, Equifax, […]
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