Mindy Leisure Director of Rescoring Services A Personal Note from Advantage Credit As the Manager of Rescore Services for Advantage Credit, along with having over 30 years of experience in mortgage and credit, I’ve written a great deal of original industry articles, with 99% of those covering something credit related. With everyone stressed, worried and frazzled right now, this article is … Read more
This is a very frequently asked question – It is possible to have a collection removed from a credit report? The best answer would be…sometimes. A lot depends on the type of collection, the amount of the collection and the policies of the collection agency. Technically, a collection will stay on a credit report (paid … Read more
The Truth About Trigger Leadsby Mindy Leisure The first step in obtaining a mortgage is always going through the application process. You found the broker you want to use and fill out all the paperwork. Then you go home to find half a dozen voicemails and emails from different brokers claiming they can offer you … Read more
There are certain decisions that people make when it comes to credit that seem like smart choices up front, but can in fact actually damage credit scores. Obviously, one of the best ways to obtain and keep a good credit score is to pay your bills on time. But that’s really just one small part, … Read more
Identity theft increases by seven percent during tax season from March through June. What is the primary source of this identity theft? Your mailbox. If you use “snail mail” to pay bills or receive checks you need to be aware, especially during this time of year. These identity thieves are not the high tech savvy … Read more
Credit scores can be confusing at best. There is a lot of information floating around about credit and scores that just simply aren’t correct. So let’s start out the year by de bunking some of the “myths” that I constantly get questions about. Opting out will help a credit score. No it won’t. The bureaus … Read more
Fair Isaac Company (FICO) along with Experian and data aggregator Finicity announced last week that starting in January 2019 they will begin pilot testing a new credit score called “UltraFICO.” In addition to the information the scoring models already take into consideration, this new score will also factor in the money a consumer has in … Read more
In a study from Javelin Strategy and Research published in May, more than one million children were victims of identity theft in 2017. Of those, 66% were under the age of eight. Up until now it was next to impossible to freeze a child’s credit file because there was no history for them. Children are … Read more
Opting Out by Mindy Leisure Does “opting out” really help your credit score? For years I have had people tell me their clients opted out and it increased their credit score by 10 or more points. In reality this is a myth. Opting out has no bearing whatsoever on a person’s credit score. What is … Read more
There are many obvious actions that can cause a credit score to drop such as making late payments, maxing out a credit card, etc. But there is one seemingly innocent action that you’ve probably never thought of that could drop a credit score by 20 or 30 points. It may seem like a harmless thing … Read more