Learn how an innocent credit card can reduce your scores by 150 points – overnight. It does not matter if you made all of your payments on time, or even early! The folks at FICO may applaud your timely payment efforts, but there is something they care about even more.… Read More
Are you planning to buy a home or refinance your mortgage? Paying more than your minimum credit card payment will soon increase your odds of getting approved for your mortgage.
Starting June 25th, 2016, Fannie Mae will update their mortgage underwriting guidelines to benefit consumers who pay down their credit card balances.… Read More
If you have been through a rough patch and your credit was hurt, there is good news. Some recent changes in the FICO scoring model make it easier than ever to get your credit back in awesome shape. Here are a few of the highlights, and some may take you by surprise.… Read More
Credit card issuers have the ability to bring your account current and wipe out your entire record of late payments using a procedure called “re-aging”. Re-aging, if managed properly, can be a fantastic credit repair tool. The re-aging guidelines were set by the Federal Financial Institutions Examination Council (FFIEC) in June of 2000 for the purpose of helping “borrowers overcome temporary financial difficulties, such as loss of job, medical emergency, or change in family circumstances like loss of a family member”.… Read More
One of the most effective credit repair strategies for anyone that has been through a period of bad credit is opening fresh revolving accounts. Nothing can rocket your scores upward, faster and farther, than a couple of new credit cards. Why does this work so well?… Read More
If you have had credit problems and are in search of the best credit repair technique to boost your credit scores, look no further. The latest release of the FICO algorithm provides an amazing score boosting opportunity. In keeping with the spirit of FICO, this is not a magic trick, but a means of rewarding those who prove their worth.… Read More
If you stop making payments on a credit card (and never resume), the date you are officially 30 days behind becomes your default date. This is also the moment the reporting period clock starts ticking. The credit card company will typically charge off the account six months later.… Read More
There are two forces that influence your credit scores, the negative and the positive. Cleaning up negative information is our job. Building positive credit is all about you. Both are integral parts of a successful credit repair program.
100 Points for a Start
Seeing negative information get deleted is an exciting part of the credit repair process, and a clean report is a joy.… Read More
Oh those darn FICO scores. They are so sensitive. Sometimes it feels like you have to walk on eggshells to keep them happy. Here are a few little things that can really send them into a tail spin. Credit repair isn’t really all that hard when you know what not to do.… Read More
It is always nice to see a spectacular FICO score. In the credit repair business we see scores across the board. We see some pretty lofty numbers as a matter of course. And yet, anything approaching the 850 mark is almost an aberration.… Read More