Archive for category Education
Three easy steps to a stellar score that will get you the best rates.
Do you know how your credit score is calculated? Or that you are entitled to one free credit report per year under the Fair and Accurate Credit Transaction Act? A survey conducted by Opinion Research USA and the Ad Council shows that Americans are misinformed about their credit health, with over 70% wrongly identifying a credit score of 600 as average or above average. Targeting low to moderate-income Americans of all ages and ethnicities with some form of credit, this campaign was developed to inform consumers about their credit and the importance of actively taking responsibility for maintaining its health. Additionally, this campaign aims to educate consumers about important steps they can take to establish and maintain good credit, including: paying bills on time, keeping credit card balances as low as possible and resisting the urge to open up more credit cards than are needed within a short period of time. The English PSAs remind people that, Theres no magic to improving your credit. But there is help and its free.” New Spanish-language PSAs complement the effort and direct consumers to a distinct website, www.controlatucredito.org, better tailored to the audience. The underlying aim of both efforts is to encourage consumers to better understand the intricacies of credit scores and credit reporting, and to provide information necessary to do so.
Jeremy Simon, staff reporter with CreditCards.com, explains the ins and outs of credit scores and credit reports. For more information, visit www.creditcards.com
Todd Ossenfort of Pioneer Credit Counseling explains the basics of a credit score and how to improve it.
Credit scores, on the scale assigned by FICO, range from 300 to 850. Who has an 850 credit score and what canyou do to get one? Less than 1 percent of the population has a credit score above 800, so it’s very unlikely you will have an 850 credit score. However, if your credit score is above 720, you will probably still receive the best rates. Watch more credit and identity theft videos from Expert Real Estate Tips to learn how to raise your credit score.
Your credit fix, videos talk about credit report, credit score, credit repair, debt collection, collection agencies, bankruptcy, foreclosure, public records, judgment, taxes and more
Your credit score is determined by looking at a combination of information from credit cards, available credit, payment history, and other financial information. Negative information like bankruptcies and liens can drastically lower your credit score, but the information won’t stay there forever. After a certain number of years bankruptcies and liens will stop affecting your credit score. Late payments and the amount of available credit can also strongly affect your credit score.
Maxine Sweet, Vice President of Public Education for Experian, discusses the impact of requesting your credit report on your credit score. For more information, visit: www.experian.com
The 7 STEPS TO A 720® CREDIT SCORE program was created when mortgage broker Philip X. Tirone noticed that good people with good intentions were consistently turned down for home loans. Those who did qualify often paid unnecessarily high interest rates. On a $300000 home loan, a person with a poor credit score could pay as much as $212040 extra over the course of 30 years. This is simply unacceptable. 7 STEPS TO A 720® CREDIT SCORE exposes the rules of the credit game, allowing countless Americans to increase their credit scores and save hundreds, sometimes thousands of dollars in interest payments. 7 STEPS TO A 720® CREDIT SCORE is a credit-improvement strategy based on patterns of change identified by studying tens of thousands of credit reports. Available to the public, the system is also used by real estate agents, mortgage brokers, investment advisors, and accountants across the nation to help borrowers save money, qualify for the best loans, and reduce interest payments. An expert in residential home financing, Philip X. Tirone has a unique background in difficult-to-obtain loans, having started his career working with borrowers with stated incomes and/or poor credit scores. With this foundation, he became a specialist in the credit-scoring process, authoring the book, 7 STEPS TO A 720® CREDIT SCORE, as well as the bestselling workbook, APPLYING THE 7 STEPS TO A 720® CREDIT SCORE. Philip is the founder of the Mortgage Equity Group (the MEG) and specializes in …
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In this 5 minute video, I’ll show you my wife’s actual credit score. It went from 604 to 686 in 60 Days. I think it will go even higher the next 60 days. Visit www.StartMyCreditRepair.com
How do credit scores impact mortgage applications? Credit scores measure debt and your ability to pay back loans Especially today, your credit score will determine your mortgage and interest rate. What credit score should you have and how can you improve your credit score and get the best interest rate for your mortgage? Watch this Expert Real Estate Tips segment for information on credit scores, mortgage applications, and how to improve your credit score and credit history.
Available to the public, the system is also used by real estate agents, mortgage brokers, investment advisors, and accountants across the nation to help borrowers save money, qualify for the best loans, and reduce interest payments. An expert in residential home financing, Philip X. Tirone has a unique background in difficult-to-obtain loans, having started his career working with borrowers with stated incomes and/or poor credit scores. With this foundation, he became a specialist in the credit-scoring process, authoring the book, 7 STEPS TO A 720® CREDIT SCORE, as well as the bestselling workbook, APPLYING THE 7 STEPS TO A 720® CREDIT SCORE. Philip is the founder of the Mortgage Equity Group (the MEG) and specializes in educating borrowers and helping them increase their credit scores so they qualify for the best loan programs available. The MEG is a non-traditional mortgage company composed primarily of team members committed to providing each homebuyer with specialized time and services unique to his or her needs, complementing traditional mortgage services with innovative programs aimed at reducing mortgage payments and maximizing buying power. Philip’s commitment to educating homebuyers prompted him to create the 7 STEPS TO 720® LICENSING PROGRAM FOR PROFESSIONALS in which he trains other mortgage planners and industry professionals on consistently outperforming the market by helping clients improve their credit scores. As well, he established the 7 STEPS FOUNDATION …
Make sure you download your free eBook at www.RaiseYourCreditToday.com to learn what the banks don’t want you to know. Philip Tirone from 720 Credit Score, The Credit Card Score, and The Bankruptcy Facts goes undercover to figure out how to build credit score. This is the fastest way to build credit fast, specifically around your credit card score and key bankruptcy facts. http www.TheCreditCardScore.com, http www.PhilipTirone.com
Do you know what kind of credit mistakes are lowering your credit score? Common mistakes may be dragging down your credit score and you may not even know what you’re doing. Keep your credit card balance below 50 percent of your available credit. If you max out your credit cards every month you may be lowering your score. You can also get into more trouble if you run into late payments on your credit cards. Watch this Expert Real Estate Tips video for more common credit mistakes that could be lowering your credit score.
From www.hardtofindseminars.com Everyone knows you need a high credit score in order to get a good loan. Its the single most important factor lenders use when determining whether you’re a credit risk or not. But fortunately no matter what your credit score looks like today, there are simple steps you can take that will boost it to its highest level possible. Thats why in this hour-long interview youll meet Dave. Dave is a credit consultant, newspaper columnist, and author of How Credit Really Works. And according to him, anyone can bring up their credit score – you just need to know how. But the bad news is your score may be lower than you think. Dave says the credit scores you get online are not the ones most lenders see. In fact, your real score could be more than 100 points lower! Hear how to protect yourself and get the highest credit score possible!
Which credit cards should you cancel to have the least negative impact on your credit score? Canceling old credit cards that you don’t use anymore shouldn’t have too much of an effect on your credit score as long as the remaining cards are kept to a balance below 50% of your available credit. Your credit score will be higher if you are using and repaying credit, rather than just holding onto some old credit cards.