Credit History
Can a Loan Modification Hurt Your Credit Score?
Applying for a loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is …
Cancelling Credit Cards to get Cash Out Refinance
Excellent credit score, great credit history, plenty of equityYour share of ownership in a company. Stockholders are often referred to as equity investors, because they invest in the equity of a company. , and yet lenderA Lender is a person, …
Bankruptcy Cancels Debt Not Mortgage
Bankruptcy may cancel your debts and obligations, but secured lenders keep their debts alive in their mortgages and foreclosures may continue. Q: Due to my cancer diagnosis, and subsequent expenses, my wife and I filed bankruptcy in 2010. Just a …
Bankruptcy Discharge Of Mortgage Does Not Release Lien
Bankruptcy discharge of mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose …
Have No Credit History After Living Abroad
If you now have no credit history after living abroad for some time, you need to work to build your credit history back in the US. Q: I am an American citizen who has lived the last 25 years in …
Credit Fraud or Identity Theft Suspected
Here are some steps you should take if you suspect credit fraud or identity theft with an elderly relative. Q: I have the power of attorneyPower of Attorney is the legal authorization given to an individual to act on behalf …
New Year’s Financial Resolutions for 2012
We all should have New Year’s Financial resolutions to help guide us in 2012 and improve our financial health during these financial hard times. Are you tired of thinking about your finances? The Great Recession has had a lasting impact …
Alternative Credit Report Available Now
For people without a credit history but a desire to build their credit, a new law allows you to create an alternative credit report and use that report in a credit applicationYour Application is a series of documents you must …
Option For People Looking to Build Their Credit History with eCredable
I recently joined the advisory board for a new company called eCredable. This company reports credit accounts under the same federal and state guidelines as the national credit bureaus, but the consumer is the one that is in charge of the report. …
How to Get a Mortgage Now
Here’s what mortgage lenders look for when considering a borrower for a mortgage loan. Mortgage lenders look at tax returns, credit scores, credit history and more when granting mortgage loans. When applying for a mortgage, you need cash on hand, a good credit history, tax returns, a steady salary for a mortgage lender to look at. To get a mortgage now, homeowners must disclose personal financial information. Here’s how to get a mortgage now.
