Monday, 6th February 2012.

Using a Credit Card to Rebuild Your Credit Score – Rising from the Rubbles of Bad Credit

Posted on Sunday, 15th January 2012 by Eden Fryett

Are you trying to get rid of negative information in your credit report/history? There could be a gazillion reasons for your predicament – bad economy, health issues, lack of knowledge or awareness, or plain negligence. The fact is, regardless of the circumstances that brought you there; the equation still looks this way: bad credit report/history = poor credit score. And you should know by now that this is a major setback in getting business/personal loans; a huge hindrance to finally acquiring your dream house; a deterrent in obtaining favorable terms and interest rates for your next car. You apparently need to increase your credit score, pronto! For this to happen, you have to rebuild your bad credit, which is by no means as simple as it sounds. Hurting your credit score is a lot easier than fixing it, but take heart…it is absolutely attainable.

For Starters: Get New Credit

A lot of people with bad credit swear they’d never use credit cards ever again after some unpleasant experiences. Ironi

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Tags: Credit
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HUD: HARP Overview Webinars, FHA Loss Mitigation Webinars, & Other FHA Training

Posted on Friday, 13th January 2012 by Lucy Hales

- This is the HUD national homeownership center reference guide mailing list for real estate industry professionals that are interested in updates to HUD Mortgagee letters, notices and guidebooks, & FHA Housing Industry Training. Please visit our homepage at: http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm Servicing lenders can visit HUDs National Servicing Center at: http://www.hud.gov/offices/hsg/sfh/nsc/nschome.cfm This list does not provide HudHome property listings.

Freddie Mac Home Affordable Refinance Program Overview Webinar:

January/February 2012 Webinar: Freddie Mac HARP Overview session. Hear about changes to HARP effective December 1, 2011 that are an effort to attract more eligible borrowers who can benefit from refinancing their home mortgages. Learn about: Borrower, Mortgage and Property eligibility. This webinar is 60 minutes. Registration required, no fee. More info and register at: http://www.freddiemac.com/corporate/housingpros/harp_overview.html

FHA Loss Mitigation Webinar Series:

The housing crisis has affected not only homeowners, but also Loan Servicers ability to meet the demands for Loss Mitigation intervention.

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Tags: Hud, Hud Harp
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What Is Provided on My Credit Report?

Posted on Tuesday, 10th January 2012 by Eden Fryett

Related Searches:

    Your lenders, landlords and even potential employers may pull your credit report as part of a background check when you apply for a loan, lease or job. Knowing what they are likely to see can help you know what to avoid to make your credit report look as pristine as possible. In addition, you can receive a free copy of your credit report from each of the three major credit bureaus once per year.

      • Your credit report contains information to identify you including your name, address and Social Security number. It also lists where you have worked and your birthday so that you can be identified and not confused with other people who may share your name.

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    Tags: Credit Report, Report
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    Knowing When You Need Debt Help

    Posted on Monday, 9th January 2012 by Lucy Hales

    We live in a individualistic society that takes pride in the ability to take care of things for ourselves. After all, we’re Americans – we can take care of our own . . . right? But what happens when our spending gets so out of control that we pile up too much debt to pay off?

    Although it may be hard to admit, we need to be realistic about our financial situation and look for help when we’ve dug a hole that’s too deep to get out of. Don’t be ashamed to ask for help from a trusted friend or family member, a financial advisor, or even a Government-approved debt management plan.

    Overusing Credit Cards – One of the easiest questions to answer is about your use of credit cards? Are you using credit cards to pay for everything you can each month? Are you paying off these credit cards each month? If you’re using the cards without paying off the balances, chances are high that you in a debt hole, or about to be in one.

    Living Paycheck to Paycheck – This term is often used but rarely defined. Living paycheck

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    Tags: When, When Need
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    Tips for Negotiating a Pay for Delete Request

    Posted on Friday, 16th December 2011 by Eden Fryett

    One method for eliminating part of your debt load is to request from a creditor or a debt collection agency that a pay for deletion be used to settle your account balance still outstanding. For the consumer, a portion or a full amount of the balance is paid in exchange for a deletion of the account.

    There are some collection agents that will lead a consumer to believe a pay for delete negotiation is not legal or they are not able to offer you the option. However, a pay for delete is an acceptable practice for negotiating debts.

    Get It in Writing

    A key point in a successful negotiation to delete accounts after payment is to ensure all negotiations and made agreements are put in writing. If you are sending a request for a payoff and an account deletion, it should be done by you in writing to the creditor or collection agency and mailed via the certified, return receipt requested option at the post office.

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    Tags: Delete Request, Request
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