Tag: credit scoring tips

So has the lending world scared you into believing your credit score is your whole meaning in life?  Obviously it isn’t, but it does play a very important role in key areas of life.  Some you may surprise you.  Credit scores could determine insurance rates, employment, opening a bank account, and of course, borrowing money.  Scores […]

Everyone hears the credit advice flying in the mortgage process.  Examples may include “You need to pay off all your debts!”.  “Close your unnecessary credit cards!”.  Too often we see clients do things like these that hurt their purchase or refinance closing.  These costly mistakes stem from two primary areas.  First, borrowers just get bad advice from […]

Trended Data Credit Reports Explained As we like to say “Everyone is a number, so you might as well have a good one”.  Lenders have based decisions to approve or deny on your credit score number.  Even employment and insurance rates can be based on your credit score!  Now with Trended Data, a person’s credit reports […]

The relationship of credit limits and the balances on your lines of credit account for almost 1/3 of your credit scores.  So let’s show you why an increase credit limit helps. Increase Credit Limit May Help Credit Scores! Many are scared to death of the consequences from an increase credit limit.  But most of the time the […]