credit report
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. …
Fraud Alert and Security Freezes on the Clark Howard Show
On today’s Clark Howard Show, Earl called in and said his wife’s purse had been stolen. He wanted to put a credit freeze on her credit history. I thought he might also want to file for a 90-day fraud alert. …
How To Buy A House After Foreclosure
Q: My husband and I lost our home to foreclosure in October, 2007 after my husband lost his job. We really want to become homeowner’s again and were wondering about the benefits of signing up with one of the non-profit …
Car Buying and Leasing May Affect Credit Scores
Q: I recently traded in an old lease vehicle for a new one. The payment is slightly lower on the new car than it was on the old car. When they ran my credit score, it was 747. How much …
Household Budgeting Behind Confidence Boost in Consumer Distress Index
Household budgeting has become a priority for American consumers. While many families continue to struggle under the weight of the Great Recession, CredAbility‘s Consumer Distress Index offers some comforting news: the level of consumer distress is beginning to ease. The …
Credit Destroyed by Loan Modification Process
Q: My lender is one of the big box lenders that has had all kinds of trouble with their loan modifications. I went through the total disaster HAMP program and it took a year for the bank to finally give …
Can You Be Sued For A Deficiency Judgment After Foreclosure?
Can you be sued for a deficiency judgment after foreclosure? Homeowners can be sued for a deficient judgment after foreclosure. Lenders sue foreclosed homeowners for a deficiency judgment after foreclosure. Underwater homeowners and foreclosed homeowners can still be sued for a deficiency judgment after foreclosure. Homeowners worried about being sued for a deficiency judgment after foreclosure should consult a real estate attorney.
Student Loan Cosigner Responsibility After Divorce
What is a student loan cosigner responsibility after divorce? Student loan cosigner responsibility after divorce is no different than a student loan cosigner’s responsibility before divorce. The cosigner of a student loan is responsible for loan payments even in the event of a divorce. After divorce, a student loan cosigner has responsibility for their spouse’s student loan they cosigned on.
FICO 8 Mortgage Score Could Make Lender Approval More Difficult
FICO 8 Mortgage Score could make lender approval more difficult. Lender approval may be more difficult to get with the new FICO 8 Mortgage Score. Home buyers may have a harder time getting lender approval with the new FICO 8 Mortgage Score. The new FICO 8 Mortgage Score looks deeper into credit score, credit history, credit reports of potential home buyers. Home buyers may find lender approval more difficult after new FICO 8 Mortgage Score.
Loan Modification Can Affect Credit Scores
Loan modification can affect credit scores. Refinancing a mortgage appears on credit history. Loan modification can make home ownership affordable, but can affect credit scores. Homeowners having trouble paying their mortgages can apply for loan modifications, but it will affect their credit scores. Homeowners applying for loan modification programs have damaged credit histories and low credit scores. Homeowners enter a trial loan modification period in the loan modification process and that trial period can affect their credit scores.
