Home Buying & Financing FYI’s

When you are getting all your ducks in a row and preparing to buy a home, sudden hiccups that may come up can be stressful and scary. Some things that can STOP you from moving forward with your dream of home ownership are debilitating. The best thing for you to do is know what’s out […]

Bad Credit Ruins Lives

Poor credit can cost you thousands more in payments per year than those who establish good credit history. Bad credit ruins lives. The difference between living life and struggling to survive is based completely on credit quality. Let’s look at a car as a simple example. Most people in today’s society need a vehicle to […]

What determines my credit score?

FICO Scores are calculated from various data compiled in your credit report. This information is constantly being updated and changes all the time. 35% Payment History * Account payment information on specific types of accounts (credit cards, installment loans, mortgage, etc.) * Presence of adverse public records (bankruptcy, judgments, suits, liens, collection items, and/or delinquency […]

What is a FICO score?

FICO is the scoring model used to determine credit risk of a consumer for the purpose of lending and finance. The scores range from 350-850  and pulled from the 3 major credit reporting agencies: Transunion Experian & Equifax. The whole purpose of the credit score is to determine risk for financing yet do you ever […]