Category Archives: All You Need To Know About Credit

Your Credit Score is Less than 620 And You Want To Buy A Home

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

NO CREDIT? Not a BAD Thing

In the absence of a credit score and established credit history on a credit report, alternative credit references are perfectly acceptable to help you obtain an FHA mortgage.

How To Settle A Collection Account

Collection accounts need to be settled (paid) in order to qualify for mortgage financing.

Don’t Close those Credit Cards: Your Score could DROP

I have seen folks with fantastic credit have their credit scores drop dramatically because in the months before they met me for the mortgage prequalification they paid off and closed their credit card accounts

FTC Strikes Against ID Theft Protection “Guarantee”

The Federal Trade Commission announced a settlement with LifeLock for misleading claims about its Identity Theft Protection services.

The MYTH of Credit Inquiries

Multiple mortgage inquiries do not affect a credit score.

No Credit Does NOT Mean “Bad” Credit

No credit means just that: here’s a person who has no established credit history.

NYS Attorney General Steps Up To Stop “Default Judgments”

I’ve been reading credit reports for 20 years. Often I’ll ask a client the status of a judgment that appears on the credit report. We’ll need an explanation for the derogatory credit account and the judgment may need to be paid and a Satisfaction of Judgment obtained in order to get the client’s mortgage loan [...]

Credit Basics: Let’s Get Started

It’s more important than ever for consumers to understand some fundamental issues about their credit reports.

About Credit Reports: What you really need to know

In an effort to simplify the whole credit report shebang and provide a starting point, here’s some advice I posted on LifeHacker.com earlier today.