Collection accounts need to be settled (paid) in order to qualify for mortgage financing.
March 26, 2010 – 10:59 am
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
The Federal Trade Commission announced a settlement with LifeLock for misleading claims about its Identity Theft Protection services.
January 21, 2010 – 1:48 pm
Multiple mortgage inquiries do not affect a credit score.
April 21, 2009 – 11:13 pm
No credit means just that: here’s a person who has no established credit history.
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 [...]
It’s more important than ever for consumers to understand some fundamental issues about their credit reports.
October 12, 2006 – 1:16 pm
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.
Mortgage professionals must run your credit report to qualify you. The question is, “How many times will they run it?”
When you are being qualified for a mortgage, there are different
types of credit reports we use to qualify you.
