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Posts Tagged ‘Credit Scores’

Washington Post Doesn’t Understand Credit Scores

The Washington Post is alleging that Senator Obama received a special “discount” when he purchased his home in 2005. This is what is being reported:
He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known [...]

Errors on Credit Report Can Cost You a Boat Load

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, [...]