Credit Disputes Gone Bad

For years, you could dispute anything on your credit report that you believed to be inaccurate and the act of doing so would not be counted against you. While you still can dispute anything on your credit report according to the Federal Credit Reporting Act, you might...

IRS to give Tax Lien holders a Break!

Up until now a tax lien, paid or unpaid could haunt your credit report for a long time. Depending on what state you live in, a paid tax lien could stay on your report for 7-10 years and an unpaid lien could stay on indefinitely.  The IRS announced in February...

Do’s & Don’ts During The Loan Process

When you fill out a credit application, your mortgage broker will run a credit report for the underwriter. Each lender and each loan program has different guidelines they must follow. You should not do anything that will have an adverse affect on your credit score...

What You Don’t Know About Credit Could Hurt You

Here are 5 major factors that could hurt your score: 35% of the score depends on payment history, taking into account late payments. (One late pay could cost you 75 to 100 points). It is important to pay your bills on time. 30% depends on how much debt you have. Your...

What if I Have No Credit?

On occasion, a consumer will not have enough credit references to obtain the loan they wish to secure. If this is the case for you, start by opening small lines of credit that report to all of the three major credit bureaus, and make purchases that can be paid off...