The North Gilbert Breeze recently had a very good article written by Keith R. Nelson, an associate at Rowley Chapman Barney & Buntrock, Ltd. The article appeared under the “Law Talk” section and discussed how not having Medpay in your automobile insurance can adversely affect your credit rating should you be involved in an automobile [...]

Believe it or not credit reports do contain errors. I don’t think any error on your credit report should be considered minor. Because errors in your report can significantly alter your credit score and end up costing you thousands of dollars in the form of higher interest rates, inability to refinance a loan etc. Additionally, [...]

Your credit profile and ability to obtain future financing is the last thing on your mind if you’re planning on living abroad for a few years. Many Americans simply pack their bags and go off on their adventure without much thought to how this may impact their credit profile. However, once its time to move [...]

From the mailbag: 
If I owe $175K on a VA mortgage on my primary residence and the bank agrees to “forgive” $25K because the best I can sell my house for is $150K will this negatively affect my cerdit rating?
Most likely this will adversely affect your credit. The extent will depend on how the bank reports the [...]

I see faulty credit reporting all the time. After pulling credit, I (or Aimee) will review the credit report with the borrower.  It is amazing how many times we see active accounts which have been discharged during a bankruptcy. 
Quite honestly, I’m not sure how much this affects the credit score, but it certainly will not help.  Oftentimes [...]

Not only can bad credit cost you big bucks, it could even cost you that new job you want or the promotion you’ve been working so hard to get.  It’s hard to believe, but it’s true, more and more employers are pulling credit and screening out job applicants.
I vaguely remember a conversation from a few months. The [...]

Very few lenders hold on to a mortgage loan. Most lenders sell the servicing rights to the mortgage to a third party loan servicing company within a relatively short period of time.  A lot can happen during this transfer and you as a borrower need to pay attention when you receive notification that your loan [...]

When I check credit as part of the mortgage application process I always review the report with the client. I do this because I have found credit reports to be notoriously inaccurate.  I know Congress passed a bill a few years ago to address this issue. However, I’m still not convinced the system is accurate [...]

Many people are confused when it comes to their credit scores. I know I’ve posted a pie chart demonstrating what constitutes the FICO score, but there is so much more to the credit score.  Take the quz below and find out how well you know the system. Answer the questions in the comments section. I will [...]

Below is a pie chart that answers a very common question I receive.
 
I know the FICO scoring model no longer allows the use of authorized user accounts to boost credit scores. However, there are lots of credit boosting companies out there that promise rapid score improvement at low or minimal cost. I don’t agree with a lot [...]