In its battle to tamp down inflation, the Federal Reserve has increased the interest rates banks charge each other, which ripples through other lending markets, including mortgages. Further increases are possible. Are you helpless in the face of these mortgage rate increases? Not necessarily if you maintain a good credit score. Here’s what you can… Read more »
There’s a lot of misinformation out there about consumer credit. Many commonly accepted notions are simply wrong. Here’s what will build rock-solid credit and what won’t. What counts most The most important thing for building creditworthiness and achieving a good credit score is to pay credit card balances and installment payments on time, every time…. Read more »
When shopping for a mortgage, one number, in particular, plays a major role — a good credit score. A higher number means you’ll be offered a lower interest rate, which means a more affordable mortgage. Here’s what you need to know about your credit score and a few tips on how to improve it. What… Read more »
Do you have bad credit? While legitimate credit repair services can help improve your credit scores, you can do the work yourself and save money. Here’s how. Pull your credit report at www.annualcreditreport.com. It’s free. Each credit reporting agency, Experian, Equifax and Transunion, will have its own detailed report on your history. Study each and… Read more »
When buying a home and applying for a mortgage, a good credit score is critical. A home can be purchased with less than stellar credit, but often at interest rates and terms that aren’t to your advantage. Improving a damaged credit score is something that takes time, patience and must be addressed long before making… Read more »
