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Insurance Premiums: A Hidden Cost of Bad Credit

Most of us only think of our credit when buying a home or applying for some type of credit. Surely our credit affects the interest rates and the amount of credit made available to us. What most of us don't consider are other areas of our credit affects our financial lives. Today's example is our [...]

By |2019-06-03T01:48:14-04:00November 28th, 2017|Uncategorized|0 Comments

SOCIAL MEDIA AND CREDIT RISK: BIG BROTHER IS WATCHING!

Traditional methods for evaluating credit risk are tried and true and have been proven over time. They usually involve reviewing an applicant’s income, collateral, and of course, credit history and credit score. With the explosion of social media, more data is becoming available to credit issuers and some lenders are already either incorporating this data [...]

By |2019-06-03T06:03:54-04:00October 20th, 2016|Uncategorized|0 Comments

HARP PROGRAM EXTENDED THROUGH SEPTEMBER 2017 – ARE YOU MORTGAGE READY?

Great News for Homeowners: The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will implement a new refinance offering aimed at borrowers with high loan-to-value (LTV) ratios. The HARP program, or Home Affordable Refinance Program, which was set to expire in December of 2016 is being extended. Since the new high [...]

By |2019-06-03T07:31:46-04:00October 11th, 2016|Uncategorized|0 Comments

A lesson Not Learned About Financial Challenges

Yesterday I was packing for another credit conference, and I was watching the news discuss the end to the Government shutdown and increase in the debt ceiling. I find it ironic how human nature does not discriminate and how desperately this country needs a culture shift. Wait; make that a culture shock. No matter how [...]

By |2019-06-03T07:04:22-04:00October 18th, 2013|Uncategorized|0 Comments

Pre-Paid Cards are Glorified Gift Cards!

Many of our applicants ask us if a prepaid card or prepaid debit card will improve their credit score. Unfortunately this is not a credit question that has an "it depends" answer. The short answer is NO it will not help improve your credit score. Here is your why behind the what. In order for [...]

By |2019-06-03T02:35:56-04:00May 31st, 2013|Uncategorized|0 Comments