I’m a good debater – I can make an argument out of anything, which is one of the reason I enjoy writing. Recently, I listened to a conversation over whether or not the current credit scoring was fair to the consumer. I argued both sides successfully to the frustration of my audience. [...]
Entries Tagged as 'Credit Scores'
Is the Credit Scoring System Fair? A Viewpoint Which Agrees
October 27th, 2009 · No Comments · Consumer Info, Credit Reports
Tags: Apply Online·bad credit·Credit Reports·Credit Scores·Credit Scoring System.·fair·Good Credit·lenders·Mortgage·personal responsibility
Turn and Burn – a Highly Profitable Foreclosure Strategy
October 13th, 2009 · 1 Comment · Credit Reports, Mortgages
The “turn and burn” a.k.a. “buy and bail” strategy – is a method sometimes used by people whose homes are “underwater”. It is increasingly used by the wealthy with very large mortgages whose homes are worth significantly less than what they owe. This little trick reared its ugly head after the housing market [...]
Tags: Buy and Bail·Credit Scores·Economic Meltdown·Good Credit·investment loans·Making Homes Affordable Program·pay with cash·turn and burn
Many Mortgage Lenders Have Yet to Adopt FICO 08
September 16th, 2009 · 1 Comment · Credit Bureaus and Scores, Credit Reports
When Fair Isaac Corporation (FICO) rolled out their “new and improved” FICO 08 credit scoring model last year, hopeful consumers with single derogatory incidents on their reports anxiously awaited the possibility of improved credit scores under the new system. The updated scoring model, developed in part in response to the subprime mortgage crisis, minimizes the effect of small, missed payments listed in [...]
Tags: credit delinquencies·Credit Scores·credit scoring systems·FICO·FICO 08·Mortgage Loans·new FICO scoring system·scoring models
My Equifax Credit Report has Disappeared
September 9th, 2009 · No Comments · Credit Bureaus and Scores, Credit Repair, Credit Reports
Q.I have totally disappeared from Equifax and have no report from them, I do not know why this has happened. I discovered this while trying to get a VA mortgage from a loan officer who also could not find it.
My Experian report has me at a 640 and TransUnion only has me at a [...]
Tags: credit information·credit report·Credit Scores·Equifax·Experian·fraud·Inquiries·Social Secuirty Number·split file
