Inquiries On Your Credit Report

Fannie Mae recently announced that lenders are required to pull your credit hours before closing – and any inquiries on your credit report must be explained.  We figured you might want to know more about how Inquiries affect your score. An inquiry on your credit report shows up when you allow someone to look at [...]

Walking Away From Your Mortgage

60 Minutes did a piece this weekend on people walking away from their mortgage – and I guess they are trying to “justify” it.  Recent numbers indicate that 4 million households are currently 60 days delinquent or more – up 30% from last year. I suspect part of that is because mortgage companies are TELLING [...]

Personal Bankruptcy at All Time High April 2010

The number of people who are filing for Bankruptcy is at an all time high – not really that surprising I guess. I mean if you don’t have a job, or you’re under employed, what are you going to do? Filings totaled almost 146,000 in April, according to data compiled by Automated Access to Court [...]

Cutting up Credit Cards

We came upon the FUNNIEST Video – a lady dumps her credit cards into a blender to see if they will get ruined… it’s FUNNY – but might not be the best idea for someone who is trying to raise their score. There’s at least one kind of card you probably DO want to crunch [...]

54% Have Good Scores

If 54% of American’s have credit that’s good enough to buy a house… that means 46% of American’s are listening to Debt Collector Calls… no wonder we’re depressed! But there are also debt collection agencies and debt collectors who perpetrate scams on honest people who owe nothing; and debt collectors who clearly violate the law [...]

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