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Your Credit Rating and Credit Report
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How to Improve your Credit
If you have had credit problems, be prepared to discuss them honestly with a
mortgage professional. Responsible mortgage professionals know there can be
legitimate reasons for credit problems, such as unemployment, illness or other
financial difficulties.
The ABC's of Mortgage Credit
Mortgage companies often grade your loan based on certain credit-related items
such as payment history, amount of debt payments, bankruptcies, equity position,
and your
credit score.
Credit Scoring Guide
Credit scoring is a statistical method that lenders use to quickly and
objectively assess the credit risk of a loan applicant. The score is a number
that rates the likelihood you will pay back a loan.
Credit Reporting Agencies
Credit Reporting Agencies collect information about you and your credit history
from public records, your creditors and other reliable sources.
How do I correct errors in my credit report?
You have the right, under the
Fair Credit Reporting Act, to dispute the completeness and accuracy of
information in your credit file.
Credit questions and answers
It's never fun to be turned down for a loan, but before you think you won't be
able to get credit anywhere, there are some steps you can take.
FICO Scores - What they mean.
Credit scoring places you in one of three general categories.
If you have a score of 680 or above, you may be considered an A+ borrower.
Angie McCarter
Contact me for
more info
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