Last week the Community Home Lenders of America (CHLA) penned a letter to the Federal Housing Finance Agency (FHFA) stating that the pending addition of updated Credit Scores at Fannie Mae and Freddie Mac could be more manageable if done one at a time. Specifically, they stated the need to add VantageScore first. This is […]
Author Archives: John McCall
25
Jul
Jul
Recently released, the CFPB has taken One Main Financial task and ordered them to pay $20 Million for deceptive loan practices and add on services that benefited the company, not their clients. One Main failed to refund interest charges on over 25,000 customers who cancelled purchases within a “full refund period.” They also deceived clients […]
20
Jul
Jul
The Why: Phoenix Financial Services attempted to collect on debts that were disputed by consumers and using unlawful letters and misrepresentations to attain these collections. The CFPB took action against Phoenix Financial for numerous debt collection and credit reporting violations. In over a thousand cases, this collection company continued to collect on a debt […]
18
Jul
Jul
I have clients from all over the country asking me how much particular items on their credit report are affecting their credit and if the item is removed, then will their credit score rise. It is difficult to provide a precise answer because there are many underlying factors that can make or break your credit! […]
11
Jul
Jul
So You’re Saying There’s A Chance? All jokes aside, credit repair is a very serious matter. We have come into contact with many companies that over promise and under deliver when it comes to the services they offer. Have you been teetering back and forth between companies but have been unsure what to ask? Well […]
06
Jul
Jul
There is a major difference between what a credit repair company can do versus what a law firm specializing in credit repair can. What you may find even more interesting is that a consumer can actually do more than what a credit repair company will. A Law Firm however, trumps all. We have been using the law […]
29
Jun
Jun
It’s happened to me. It’s happened to thousands of people. You go to look for your wallet and it’s nowhere to be found. In my case, the thief was only after the cash. All of my credit cards, Driver’s License, and the rest of my belongings were untouched. A city bus driver found it when […]
27
Jun
Jun
The simple answer according to FICO is 715. But average means different things when it comes to one’s age, where they live, and how much money they make. There are also so many scoring models out there, it’s hard to tell where one stands. One thing for certain is getting yourself in a position to […]
22
Jun
Jun
When beginning credit repair, many consumers hold high hopes of ending their repair process with a clean report and a high credit score. Removing a few items here and there can really make your positive credit shine through and can give you the push you need to acquire financing; but that may not always be […]
20
Jun
Jun
Credit Alerts Worth Setting Up Now In order to maintain great credit scores, keeping track of all the activity on your accounts is key! Smart phones are attempting to make our lives easier with a multitude of applications. All major banking institutions now have online banking or apps to make life easier on their customers. […]