Is Consumer Counseling Right For You?
July 13, 2009 by Eleanor
Filed under About Scores and Credit, Disputes, Score Strategies
I recently wrote about how some NON PROFIT (not court ordered) Consumer Credit Counseling Agencies are helping raise scores for a narrow niche of the market. You might be part of that niche!Are you a Veteran? If so, a NON PROFIT (please understand that I’m not just capitalizing those letters for fun… it’s important that [...]
Minimum FICO Scores are Increasing
January 13, 2009 by Eleanor
Filed under About Scores and Credit, Loan Programs
One of our major Banks announced that effective this week they will be charging more for Government Loans with credit scores less than 620! For more information on the new credit score requirements click here. “Government Loans” refer to USDA mortgage loans, FHA mortgage loans and the 100% mortgage loans available to Veterans. This does NOT [...]
What Credit Score is needed for a VA Home Loan?
October 13, 2008 by Eleanor
Filed under Loan Programs
If you are applying for a VA mortgage loan – you need to know that there’s not a PUBLISHED minimum score… but that’s not to say that you will be approved just because you’re a veteran if you have “skanky” credit! The VA Handbook says: “In circumstances not involving bankruptcy, satisfactory credit is generally considered [...]