Why is Your Credit Score So Important When Looking for a Mortgage?
When it comes to lending something that is personal, it is reasonable for any individual to be suspicious and careful. Not only is this the case when a middle class man has to lend a friend his precious new car, but also when banks give customers their appealing mortgage options. So the question is, how… Read More »
Credit Karma Score vs. Mortgage Credit Score
We get this question asked all the time. A lot of consumers are utilizing Credit Karma and assuming that the score they get from them is their universal credit score for homes, cars, and credit cards. Once they find their true mortgage credit score, they are appalled and assume that Credit Karma has different information… Read More »
What’s the deal with new UltraFICO™
Many have asked us about the new UltraFICO™ algorithm that allows for you to connect your bank account to Experian so they can increase credit scores based off of account balances and payments to utilities, cell phones, and rent. Experian is offering this as a free service, which is our first warning sign. The credit… Read More »
Paying Off a Charged Credit Card
Why is it that paying off a charged off credit card that is held by the original creditor the only collection that will boost your credit score? The reason is because a charged off credit card is impacting two sections of the client’s credit score where all other collections are impacting only the payment history… Read More »