Posted on September 17, 2008 - Filed Under News | Leave a Comment
The government has stepped to the plate and decided to bail out the two mortgage giants Fannie Mae and Freddie Mac. Both companies are important part of the American economy because of the dealings with the majority of home loans in the country.
Actually both these companies started out as government entities and [...]
Posted on September 11, 2008 - Filed Under applications, inquiries | Leave a Comment
One piece of the formula of your FICO score is inquiries. This is how many times you credit report has been request to be viewed. The common thought that happens is when you check your FICO score it considered an inquiry and will count against your FICO score.
Well the folks over at Fair Isaac recognize [...]
Posted on September 10, 2008 - Filed Under good FICO score | Leave a Comment
Ok, why does anyone really care about having a good FICO score? The differences that a few points in your FICO score saves you really comes to a maybe a point or even a half point in interest. As a consumer the largest purchase you will ever do in your life time is your home. [...]
Read More..>>Posted on September 8, 2008 - Filed Under News | Leave a Comment
In the news in the story of the two mortgages companies Freddie mac and Fannie Mae. There are in trouble because there liabilities has far exceeded their assets and now need to bailed out by the government. If you are a lay person you might to understand what these companies do for the American economy. [...]
Read More..>>Posted on September 6, 2008 - Filed Under improve credit score | Leave a Comment
The common belief of most American consumers is that credit cards are for emergencies. If you are the average American you also have over ten different credit accounts including credit cards, mortgage, and an auto loan. This belief is can put consumers into trouble and can really make for some tough times. [...]
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