by kathywardteam | Jan 26, 2013 | Revolving/credit card accounts, Scores
In your credit reports credit card accounts are referred to as ‘revolving credit’. Because your credit score is calculated independent of your income, your use of revolving credit is very important. Keeping your balance 30% or less of your credit limit and paying...
by kathywardteam | Jan 2, 2013 | Home Buyers
If you’re looking to purchase, today’s historically low rates will allow you to purchase a more expensive home without breaking your budget. We’re in that sweet spot of low prices & low rates. Now is a great time to buy! Some argue that you need...
by kathywardteam | May 21, 2012 | Scores
CK, a consumer credit monitoring site, is not accepting new clients. At this time, they continue to provide service to those who signed up prior to about April 1st. RUMOR HAS IT a new online site is being generated to take the place of CK. The middle of June, 2012, we...
by kathywardteam | Jan 30, 2012 | Revolving/credit card accounts
Cancelled debt may constitute income that is subject to state and federal taxation. Consult with a tax professional if you receive a 1099-C form. We have heard of these forms being sent out fifteen years after debt had been generated. If you don’t submit this...
by kathywardteam | Dec 29, 2011 | Scores
Every lender has their own computer generated scoring model. Lender A might give more importance to payment history than lender B. Lender B might give more importance to length of credit history than lender C. Etc. And, most lenders now give more importance to...
