Wouldn’t it be nice if we could just make a phone call and say: “I promise to be good, to exercise, to eat right and take all my vitamins if you will just turn back the clock…” then have all the wrinkles and extra pounds just vanish? Maybe we can’t do that with our bodies … Read more
Well, perhaps not…however that’s probably how a loan officer feels when he is sitting in his office with a client, pulls their credit and it is missing one or more scores because that particular bureau is coming back with a deceased status. So he calmly smiles, looks at the client thinking to himself – but … Read more
Bank of America and JPMorgan Chase announced this week that they will make changes to how they report debt that was included in a bankruptcy. The change is set to occur within the next three months. This change comes from lawsuits filed in Federal Bankruptcy court against these two banks along with Citigroup and Synchrony … Read more
It is more crucial than ever for young adults to begin building a positive credit history well in advance of taking out an auto or home loan. Building a foundation of good credit and scores will determine interest rates and overall creditworthiness. To that end, this is a helpful guideline for young adults to understand … Read more
Whether you’re getting ready to walk down the aisle or headed to Las Vegas there are certain things to keep in mind in regards to your credit to make sure it retains its integrity. Neither of these life occurrences in and of themselves will have a direct impact on your credit history or credit scores, … Read more
Over the next 6-18 months credit reports will start to see some changes that could benefit many consumers. This comes from several years of investigations of the three major credit bureaus’ practices by New York Attorney General Eric Schneiderman. After a year of talks between the credit bureaus and the Attorney General – changes are … Read more
One of the most misunderstood facts about FICO scores is that most consumers think they only have 3…one for each bureau. The fact is that a consumer actually has dozens of FICO scores. With the rollout of FICO 09 a consumer now has approximately 65 different FICO scores. That can sound a bit overwhelming but … Read more
It is tax time once again and Advantage Credit, Inc. wants you to be prepared! With the start of a new filing season there are always a couple of items that need to be addressed, important reminders and dates to keep in mind. • The Transcript Delivery System (TDS) for Tax Return Transcripts and Record … Read more
When it comes to making payments on your credit cards there can be a lot of questions. Is it OK to just make the minimum payment? Should you pay it off every month? Is there a better time during the month to make a payment? How and when you make your credit card payments can … Read more
We all know FICO scores can be incredibly confusing to say the least. It seems there are always more questions than answers. How are they calculated? Why do they vary? What makes them change? I could go on and on. But what about those score factors/reasons you see when a lender pulls your credit report? … Read more