Credit Coach Playbook #3: FICO Nutrition
It’s important to note that raising your FICO credit score is a bit like losing weight: It takes time and there is no quick fix. A good credit rating is invaluable. It will help you get more credit and
Credit Coach Playbook #6: The Ball is in Your Court
Making your credit card payments on time is extremely important to your credit score. Late payment fees and higher interest rates are undesired results of late credit card payments.
Dept of Edu – Discharge Student Loans with VA Benefits
Are You Entitled to Additional Benefits? The Department of Education provides a program for Veterans to discharge their student loans. To be eligible, the Veteran must have a service-connected disability(ies) that is 100%
Credit Coach Playbook #7: The Old Timer vs. the Rookie
There are many instances when a rookie is preferred to an old timer, but not on your credit report! If you have old cr
Credit Coach Playbook #9: Avoid the “Inquiry Injury”
Too many credit inquiries can injure your credit score, this I what Credit Coach calls an “inquiry injury”. Your credit score will suffer if
Handling Foreclosures
Many people feel like they’ve been hit in the face when credit problems strike them. On a much larger scale, getting hit in the face is similar to some degree as getting your house foreclosed on or any credit problem.
How to Establish, Use, and Protect Your Credit
How to Establish, Use, and Protect Your Credit What you need to know
What steps to take when buying a home
Answer: Well, that depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money- the deposit you make on the home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment, a percentage of the cost of the home that you must pay when you go to settlement; and closing costs, the costs associated with processing the paperwork to buy a house.
Understanding Your Credit FICO Formula
Understanding Your Credit FICO Formula. Typically most consumers have a misunderstanding of the credit score. In my opinion, it's the Credit Bureaus for not educating consumers on how to understand the process and the score point systems.
Resource Helps Renters and Landlords Find State and Local Programs Distributing Federal Rental Assistance
CFPB Launches Rental Assistance Finder for Pandemic Aid Introduction to the Rental Assistance Finder On July 28, 2021, the Consumer Financial Protection Bureau (CFPB) unveiled an online tool aimed at supporting renters and landlords affected by the pandemic. The Rental Assistance Finder, accessible at www.consumerfinance.gov/renthelp, guides users to state and local payment assistance programs for rent, utilities, and more. A Solution for Renters and Landlords CFPB Acting Director Dave Uejio highlighted the tool's benefits. He noted, "Millions are behind on rent due to the pandemic. This tool helps find assistance, benefiting both renters and landlords and preventing evictions." The Current Rental Crisis Data from June 23 to July 5 shows 16% of renting adults are behind on payments. Nearly half fear eviction soon. The federal government has allocated over $46 billion for housing cost relief, with programs across all states. How the Finder Works The Rental Assistance Finder simplifies [...]