Latest Articles from Credit Card Posts

Sneak Peak!! New FreeScore.com “Starter Home” Commercial Airs February 6

January 28, 2012 | No Comments »

Starting February 6th, we will begin national airing of our two new TV commercials each entitled, “Starter Home.” The two commercials offer something for both men and women. We have one spot featuring a woman looking at her dream home with a...

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Debt consolidation done right

January 18, 2012 | No Comments »

Debt consolidation through a refinanced home loan can offer a tempting promise — the exchange of your maxed-out credit cards for a clean slate. The trouble is, consolidating debt with a refinance doesn’t reduce it by a cent. It just...

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Factors influencing credit report Posted By : Joy Mali M

January 11, 2012 | No Comments »

Factors influencing credit report – By: Joy Mali M Credit Report the name itself explains the importance and we are well aware of its significance in our lives. Not only as basis in calculating credit scores, credit statement also decides...

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Sneak Peak!! New FreeScore.com “Starter Home” Commercial Airs February 6

Posted by Andrea Lewis at Jan 28, 2012 | No Comments »

Starting February 6th, we will begin national airing of our two new TV commercials each entitled, “Starter Home.” The two commercials offer something for both men and women.

We have one spot featuring a woman looking at her dream home with a real estate agent.  When the agent sees that the woman’s third score has literally gone down the toilet – the real estate agent walks out on the deal.

In the male version, a young man is tuned into to buying the house of his dreams when the music goes sour with his third credit score of 583.

According to Jeff Paradise, senior vice president of FYI Direct, Inc., the parent company of the brand, “As mortgage rates have hit an all time low, we felt this was timely.  The mortgage markets seem to be opening up.   For example, leading mortgage providers are eliminating the minimum credit score requirement for borrowers seeking a mortgage refinance from their existing servicer, as long as they have at least 20% equity in their home.  Yet, scores below the mid-600s may still have difficulty obtaining a loan.  So, in these spots, we are reminding people to take control of their credit before they start the purchase process.”

  • Ability for members to immediately access their three credit scores and credit reports
  • Ability for anyone to compare their credit scores to others in their zip code
  • An interest rate calculator
  • Current mortgage rates
  • A search function to find homes in your area
  • Real estate news and information
  • Other news on financing and information on credit and credit scores

Tags: Airs February February

Debt consolidation done right

Posted by Andrea Lewis at Jan 18, 2012 | No Comments »

Debt consolidation through a refinanced home loan can offer a tempting promise — the exchange of your maxed-out credit cards for a clean slate. The trouble is, consolidating debt with a refinance doesn’t reduce it by a cent. It just moves your balances to your mortgage lender.

Industry experts put the failure rate of debt consolidation programs as high as 80 percent. If you’re part of the four out of five who take out these loans and don’t pay them off, you could be worse off. The better you understand debt consolidation — what it can do and what it can’t do — the less likely you’ll make a bad financial move.

Understanding debt consolidation home loans

The critical thing to understand about consolidating your credit card debt with your home mortgage is that doing so extends the repayment period, which can greatly increase your overall interest paid.

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Tags: Debt Debt Consolidation

Factors influencing credit report Posted By : Joy Mali M

Posted by Andrea Lewis at Jan 11, 2012 | No Comments »

Factors influencing credit report – By: Joy Mali M

Credit Report the name itself explains the importance and we are well aware of its significance in our lives. Not only as basis in calculating credit scores, credit statement also decides about the rate percent of the loan, credit cards and insurance rates as well. It is thoroughly reviewed when you want to open a new account or want a job. For this reason, we should know all aspects related to the credit statement.

Factors that do not affect credit report

We are surviving in the credit targeted market where an individual is determined through its credit scores. No lenders want to fall into the trap by offering credit to the ones who have shown irresponsible behavior in the past.

If one has to live a peaceful life then it is necessary to maintain relevant grades. Read more…

Tags: Joy Mali Joy Mali M Mali Mali M

How to Enter Delinquent Rent on a Credit Report

Posted by Andrea Lewis at Jan 04, 2012 | No Comments »

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    As a landlord, you may encounter challenging tenants despite your best screening efforts. When unwanted incidents happen, you have various options to resolve the problem. If your tenant fails to pay rent, you can choose to take drastic action. You may report the delinquent rent to the credit bureaus so that it appears on the tenant’s credit report. This hurts the tenant’s credit, making it more difficult for him to obtain loans and leases in the future.

    Difficulty: Moderate
      • 1

        Send a written notice to the tenant informing him of your plan to report the delinquent rent to the credit bureaus.

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    My 2011…

    Posted by Andrea Lewis at Jan 02, 2012 | No Comments »

    A confession

    2011 did not turn out the way I thought it would.

    In fact, for part of the year, I was frustrated, irritated, and emotionally drained.

    Let me give you an example….

    I put my heart and soul into a program called “Never Be Stuck.” I was ECSTATIC about rolling this out.

    We thought that we would have at least 200 people register.

    23 people signed up

    11.5% of my goal.

    That is not just an F … It’s an F-. If there were a worse grade, it would be a G.

    Let’s see

    Here are a few other non-accomplishments …

    1)    I lost a few good friends who let me down.

    2)    My wife and I had more than our fair share of arguments.

    3)    My kids had some discipline issues that made me wonder whether I’m raising them the right way.

    I’m telling you this for a couple of reasons

    First, I want to keep it real. Every year at this time, I

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    Shelter Your Credit Scores from Foreclosure and Other Hardships

    Posted by Andrea Lewis at Dec 15, 2011 | No Comments »

    If you’ve been following the housing industry, then you know that many Americans are underwater on their mortgages and that foreclosures are a regular occurrence. In fact, you probably know some of these homeowners personally. Unemployment, lavish spending and plain bad luck are just a few of the reasons for foreclosure. Regardless of how homeowners wind up in foreclosure, one thing is certain: It could happen to anyone.

    Take, for example, a story in the New York Times that reveals how a financial advisor lost his home. He was caught up in the middle of the housing boom when prices were skyrocketing. Instead of living within their means, he and his wife bought a house they couldn’t quite afford. Even though he gave out sound financial advice to clients, he never stopped to question his own lavish lifestyle. Eventually the stock market declined and the housing bubble burst. Aft

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    Credit Score Secrets Posted By : Laura Lyons

    Posted by Andrea Lewis at Nov 30, 2011 | No Comments »

    Credit Score Secrets – By: Laura Lyons

    There are many things you can do to improve your credit score. However, some of your efforts will be in vain because there are just some things you will never know about your credit score, and private information that will never be revealed to you. Its hard to gauge the amount of effort and energy you exert into improving your credit score without knowing the in and outs, and the tiniest details about how your score may impact your future. For example, just how important is your credit score to your insurance rates, your credit card rates, and even the rate on your home loan and mortgage? Here we provide you with the best tips on how to improve your credit score and some secrets that will help you along the way to achieving the best score you can get, realistically.

    Expect to pay for your credit score reports. Read more…

    Tags: Credit Score Secrets Laura Lyons Lyons Score Secrets

    How to Change Late Payment History on a Credit Report

    Posted by Andrea Lewis at Nov 13, 2011 | No Comments »

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      Credit reporting agencies determine an individual’s credit score from payment history, type of debt, length of account history, and the amount of revolving debt. Late payments contribute to a lower credit score and can prevent individuals from obtaining new credit or even employment. Creditors are responsible for providing the three major credit reporting agencies with accurate payment information.

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      Tags: Credit Report Payment History Report