How to Rebuild Your Credit After Bankruptcy
In this lesson, we will discuss some of the things you can do to rebuild your credit after a bankruptcy filing. In particular, we will talk about the credit-reporting laws that relate to bankruptcy, as well as some tips for improving your score. The number of personal bankruptcy filings are up this year, and they’ll probably stay that while for a while. You don’t have to be an...
Read MoreFewer Credit Cards for People with Bad Credit
Changes within the credit industry could soon put cards out of reach for people with bad credit scores. These changes are happening now, and they will continue through 2010. Here’s what you should know: I don’t usually write about credit card topics on this blog, because it has little to do with the real estate focus I maintain. But there are some new developments in the financial...
Read MoreCredit Score of 720 – Can I Get a Mortgage Loan?
Reader Question: “I recently checked my credit scores from all three bureaus, and found that I have an average of 720 points. I want to buy a home later this year. Can I get a mortgage loan with a 720 credit score, or should I try to improve it before applying for loans?” Let me start with the short answer, and then we can build on that. In most cases, a credit score of 720 is enough...
Read MoreHow to Increase Your Credit Score – Sliders vs Climbers
Do you have bad credit? Are you looking for ways to increase your credit score so you can qualify for better financing? This article gives you the guidance you need to accomplish this goal. Warning: This article contains some tough love, because that’s what a lot of folks need right now. If you know you’ve screwed up in the past, but you are serious about improving your credit, then...
Read MoreConsumer Credit Questions – FAQs on Credit Reports and Scores
Do you have questions about credit reports and scores? If so, you’ve come to the right place. We have compiled some of the most common credit questions we have received over the years through the Home Buying Institute (our sister website). Most of these Q&A sessions have a real estate focus. They explain the connection between credit, mortgages and home buying. 1. Why is credit...
Read MoreHow to Raise Your Credit Score Fast
The pitch usually goes like this: “We can help you raise your credit score fast so that you can qualify for auto loans and mortgage loans. Best of all, you only have to pay a small up-front fee…” Nonsense. If you ever encounter an offer like this one, run the other way. Nobody can raise your credit score but you. The so-called credit repair companies are mostly scams....
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