Credit History
Cancelling Credit Cards to get Cash Out Refinance
Excellent credit score, great credit history, plenty of equity, and yet lender wants borrower to cancel many of his credit cards to refinance. What gives? Q: I have a situation in my mortgage refinance process and need your advice. My …
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 mortgage debt does not release lien on property and payments on mortgage loan may not benefit credit history. Q: We successfully signed a loan modification with our lender two years ago. It took forever to get the …
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 attorney for my grandmother who lives in Texas. I, however, live in Atlanta. I’ve input …
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 application. Q: In our local paper you stated that …
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.
Credit Freeze and Security Freeze – How They Work To Protect Your Credit History
Credit Freeze and Security Freeze – How They Work To Protect Your Credit History. A credit freeze, also known as a security freeze, is one of the most effective ways to prevent identity theft. Using a credit freeze or security freeze on your credit history can help keep your from having your identity stolen.
