Credit Blog

Services for Real Estate Pros - Credit Coach, LLC
The reality is that divorces are unpleasant and frequently involve legal battles between the two parties.  Not only can divorce lead to emotional strain, but it can also lead to financial disaster as well.  Any shared accounts and co-signed loans are the major source of the issue. During a divorc...
Before applying for a loan, there are three key things that can be done to help qualify for the best possible lending available. Step 1:  Understand your credit.  Credit reports and scores are a major part of a mortgage loan application.  A mortgage professional will check scores from the three m...
When people ask me why their credit scores are so low, the first two things I look at are their payment history and the amount of revolving debt they carry.  Combined, these two things account for 65% of a person's credit score.  I would like to focus on explaining what I mean by revolving debt. ...
Now that Christmas is over, it's time to focus on paying off Holiday debt.  High balances and finance charges can be a burden and actually limit financial opportunities by keeping your credit scores lower than they should be.  Remember, debt utilization accounts for 30% of your credit score.  By ...
A credit inquiry reflects on a credit report to show that a business has previously requested a copy of the report.  When you check your credit report, you may notice that a number of credit inquiries have been made, sometimes from a business that you don't recognize.  Not all inquiries affect yo...
Minimum Scoring Criteria for FICO The question has been asked:  "Why does my credit report show 0 for a score?" The Fair Isaac scoring model has minimum scoring criteria in order for someone to register a FICO score.  •1.)    There cannot be a deceased notation being reported to the credit bureau...
I would like to clarify the difference between credit scores and the different scoring models that are available to consumers.  As we all know by now, the three major credit reporting agencies are Trans Union, Experian, and Equifax.  What a lot of people don't know is how there credit scores are ...
Short-Sale vs. Foreclosure??? This is the hot topic right now and for some reason many people are still finding it confusing; most likely due to the mis-information being spread about the topic. With the current state of the mortgage market, consumers that are trying to do the right thing and sel...
The holiday seasons are quickly approaching and many of us will begin shopping for gifts.  Almost every store will be offering a discount on your purchase if you sign up for their retail credit card.  I know this 10%-25% savings on your purchase seems great!  Before doing this though, please thin...

Kevin Weier

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