This is the time of year people don’t concern themselves with their credit score. However, if a sudden need for additional credit is required you may end up paying more for the money in interest rates, or unable to get the financing you need.
I have received several calls in the last week from prospects that were considering signing with a Debt Consolidation Company. First issue voiced was the cost of 25%, and second concern was what this could do to their credit. If you know of anyone considering this move, or bankruptcy, please insist they need to talk with Austin Credit Group before they pull that trigger!
Not Exactly! There are several companies offering Free Credit Reports with Credit Scores. First clue that it isn’t free is when they ask for your credit/debit card number.
One of the variables used in calculating credit scores is the length of time an account is open. Closing your oldest account could hurt your credit score for a much longer period of time.
I have seen many clients within a few years of a Divorce. They all have something in common. In one in particular case, only $16,000 of $480,000 was under the client’s direct control….
You might want to think twice before whipping out your credit card. As of Sunday, stores in most states could start charging you a “checkout fee” when you pay for something with plastic.
You’ve got a Great credit score, right? But, perhaps not so very much. For example, a 790 could mean your credit is excellent or just mediocre. The times they are a changing. . .for example, while a FICO score of 790 out of 850 is considered excellent, it’s merely mediocre on the VantageScore model — which tops out at 990.
Related: Most Under Appreciated Personal Credit Score Killers
Debt Consolidation vs. Debt Settlement. Debt Settlement could be worse than Bankruptcy. If a negotiated debt includes a payment plan to the original creditor, the negatives will reset the 7-year calendar with each payment. Call Austin Credit Group for an evaluation of the best options available for your situation. Debt Settlement Programs are a Credit Killer! Read More….
Mortgages are cheap, but many borrowers can’t qualify for the best rates — or get a loan at all. Here’s how to tilt the odds back in your favor. http://money.cnn.com/2012/03/09/real_estate/mortgage-qualify.moneymag/index.htm We offer a Credit Check up for $49.95 that will teach you! http://austincreditgroup.com/review
Start Dreaming Again! Never Give Up! Let us help you qualify for your own home.