by kathywardteam | Apr 22, 2016 | Questions and Answers
Learn about your credit report It is wise to review your reports at least once a year, not only because of today’s identity theft world, but you want to verify the information on all of your credit reports is correct and up to date. Several sites offer free credit...
by Ryan Kackley | Feb 19, 2016 | Scores
Experian, Trans Union and Equifax do not generate your credit score. The three bureaus generate credit report, but they do not generate your credit score or advise lenders whether to approve or deny an application. There are several companies and dozens of scoring...
by kathywardteam | May 5, 2015 | Questions and Answers
There is often confusion and panic about INQUIRIES ON CREDIT REPORTS. There are two types of inquiries –hard inquiries that can impact your credit score, normally a few points, and soft inquiries that do not impact your score. Inquiries remain on your reports...
by kathywardteam | Feb 13, 2015 | Home Buyers
THE RECESSION BROUGHT TO MANY, FOR THE FIRST TIME IN THEIR LIFE, A DAMAGED CREDIT HISTORY AND LOWER SCORES. Adding insult to injury, many scoring models changed to give more ‘weight’ to credit card debt. If you were unable to expeditiously pay down your balances, or...
by kathywardteam | Feb 13, 2015 | Home Buyers
“I WISH I WOULD HAVE KNOW THIS SOONER!” This is what I am often told when reviewing credit reports and giving clients advise and options regarding the information in the reports. Once you know your path to improving the report information and scores, the sooner you...
by kathywardteam | Feb 13, 2015 | Questions and Answers
Question: I can’t obtain the credit I desire. What can I do? First and foremost, obtain your credit reports from all three of the nationwide consumer credit reporting companies – Equifax, Experian and Trans Union. There is only one authorized source for free...
by kathywardteam | Nov 8, 2014 | Revolving/credit card accounts
We have several clients who had a JC Penney account for several years, were recently issued new cards and their credit reports post a new JCP account. The downside is the new account/card has a new OPEN date, thus the credit scores are lowered. The reason this...
by kathywardteam | Nov 8, 2014 | Scores
We have noticed Trans Union has changed their scoring model for most mortgage lenders causing a drop in TU scores. This is particularly irritating if you are approved for a loan, then before the loan is completed, your scores are again pulled and TU score might no...
by kathywardteam | Aug 18, 2014 | Scores, Uncategorized
There are dozens of credit score models generated by each credit bureau and unique to different industries like mortgage lenders, credit card issuers, auto loans and insurance providers. This risk assessment isn’t consistent from industry to industry or even lender...
by kathywardteam | Aug 18, 2014 | Scores
Verify the fees of the online site you are considering. TV advertising, by companies that offer a free credit report, is not cheap! Most of these sites give you only a glimpse of what you need and in order to obtain your three reports and scores they charge much more...
