A presentation of the Did You Know Series Did you know that charged off accounts are still collectible? The majority of consumers do not fully understand exactly what a charged off account is. The assumption is that once an account is charged off it is no longer collectible and should have no balance. Unfortunately, this … Read more
Most people have a lot of questions surrounding the usage of credit cards. Should you have one? How many should you have? Should you have major credit cards or department store credit cards or both? How much should you use them? Should you pay them off every month? The list goes on and on… Credit … Read more
Evergreen, Colo., August 28, 2014 – Encompass360®, a prominent provider of on-demand automation solutions to mortgage and financial service industries announced some new enhancements recently which have already been integrated into the Advantage Credit system. These enhancements will make it much easier for customers of Advantage Credit using Encompass360® to maximize their time without leaving … Read more
Fair Isaac, the creator of the FICO scoring models has announced that this fall it will be releasing a new version of its scoring model – FICO 09. An exact release date has not been set. There are some major changes in this new model that could help more borrowers get into home loans. In … Read more
Borrowers needing help establishing credit most often start with getting a secured credit card. While secured cards are a great way to start establishing or re-establishing credit they do require you to put $300-$500 up front to secure the card. Unfortunately, some people may not have access to that much money. Luckily, there’s another option … Read more
Back to school. Seems like summer just started and it’s time, once again, to make the trip to the store for all those school supplies, school clothes and basic necessities, basically a time when you give your credit cards a little more of a workout. Can buying certian items actually hurt your credit? Do the … Read more
Winter is over. We’ve planted the flowers, washed the heaviness of winter off of the windows and dusted away the cobwebs. Now is a great time to check out any cobwebs that may be lingering on your credit report. For example – The charged off credit card from a couple years back. Or even the … Read more
Over 30,000 identity thefts occur each day with one quarter of these happening to people who are on vacation or traveling. Now that we are in the height of vacation travel, there are some fairly simple steps you can take to make sure this does not happen to you. Be proactive. Don’t wait for your … Read more
After years of hard work you have finally paid off your house. Your credit cards are paid off and the kids are off on their own. You are debt free! Then one day the Sheriff shows up on your door with an eviction notice because you have not been making your payments on your Home … Read more
A presentation of the Did You Know Series Did you know…which is better – a credit card or a debit card? In our society of more card use and less cash use along with the pervasiveness of fraud especially among the big box retailers, it is important to know which is better to use, a … Read more