Since the beginning of the pandemic, the amount of debt held per average American citizen has increased exponentially. With more debtors comes more collectors looking for new ways to track down those who owe them money. With the implementation of new collection rules, debt collectors have new means of chasing down debtors outside of mail […]
Author Archives: creditlaw2022
11
Nov
Nov
How It Works: Veteran Credit Repair No matter if you are a member of the armed services or a civilian, almost every lender will require a minimum credit score when accepting financing inquiries. In today’s blog, we will go over how credit works for veterans, observe potential loan options and take a deep dive into repairing your credit! […]
05
Nov
Nov
Building Up Your FICO Understanding and building credit in a positive way takes discipline and some education. Do you recall being taught in school, how to build your credit scores? Did your teachers let you know how big of a role credit would play in your life as you got older? Honestly, it is probably […]
13
Oct
Oct
What is Considered Medical Debt With there being more than 45 different FICO scores in circulation there is bound to be some variances in how each score is reported. Each debt listed on a report holds different weight; from revolving debt to past due debt, each instance is judged differently across each scoring model when […]
06
Oct
Oct
Building Buying Power Have you been picturing the day when you can paint your own walls and mow your own grass? The dream of homeownership comes with great financial responsibility. Many first-time home buyers have questions about their down payment, and how they can start saving to make that first major purchase. We’ll discuss several […]
06
Oct
Oct
Building Buying Power Have you been picturing the day when you can paint your own walls and mow your own grass? The dream of homeownership comes with great financial responsibility. Many first-time home buyers have questions about their down payment, and how they can start saving to make that first major purchase. We’ll discuss several […]
29
Sep
Sep
The Federal Trade Commission has stated that reports of identity theft had skyrocketed to record highs in 2020 and continue to to rise in 2021! In 2019 the total amount of reported cases was around 650,00o while cases in 2020 had breached 1 million! 2021 is shaping up to have similar results and it is […]
22
Sep
Sep
Less Than Perfect Credit Scores and Living Situations. Many families deal with tough situations when it comes to rentals and the landlords that come with them. According to the Business Insider, more Americans are renting than at any time in the last 50 years. I can recall a time when I rented a home that […]
22
Sep
Sep
Less Than Perfect Credit Scores and Living Situations. Many families deal with tough situations when it comes to rentals and the landlords that come with them. According to the Business Insider, more Americans are renting than at any time in the last 50 years. I can recall a time when I rented a home that […]
14
Sep
Sep
A Change to Credit Score Eligibility in DU Each and every point making up a credit score just got even more crucial! Fannie Mae’s new release (B3-.1-02) changes the way you calculate the qualifying credit score. For purchase apps with multiple borrowers, the qualifying score will be an average of the applicants’ middle score; see their example […]