Did you know…One of the biggest factors in determining a credit score is balances on revolving debt? Optimally the bureaus want to see no more than 3 revolving debts with balances and those balances being below 30% of the high credit. They also want to see several other open revolving accounts with no balances. Having … Read more
There are a lot of reasons to avoid credit repair companies. They usually don’t live up to your expectations, you end up with a lot of money out of pocket and typically, they end up doing more harm to your credit than good. A big downfall of these companies that most people don’t take into … Read more
Evergreen, Colo., May 30, 2013 – One way that Advantage Credit Inc. remains on the cutting-edge of credit reporting services is by continually striving to improve the customer experience. The latest endeavor is an App designed to keep users aware of happenings in the industry. This free App for iPhone, iPad and Android smart phone … Read more
Evergreen, Colo., May 23, 2013 – Advantage Credit Inc., a leading provider of credit reporting services, is pleased to announce that their proprietary Tax Transcript (4506T) products are now available through Ellie Mae’s Encompass360® mortgage management solution. This partnership will allow Encompass360® users to access Advantage Credit Tax Transcript services directly inside Encompass360®. The incorporation … Read more
We all know there are differences in credit scores because of different scoring models (i.e. FICO,Vantage or other proprietary credit scores). Credit scores will also vary depending on the permissiblepurpose behind your accessing a credit report. For example, when a consumer applies for a credit card,the credit score delivered is different than the credit score … Read more
We continue to earn the business of so many long term customers and take great pride in providing our clients with personnel that are the most knowledgeable in the industry, with an attitude of dedication and professionalism that is reflected in our Old Fashioned Customer Service approach. With the continued increase in business, we are … Read more
What is it? The Financial Crimes Enforcement Network (FinCen), a Bureau of the Department of the Treasury, recently published final rules regarding the requirements for Residential Mortgage Lenders and Originators (RMLO) to establish a Customer Identification Program (CIP) anti money laundering program (AML) and file suspicious activity reports (SAR) under the Bank Secrecy Act (BSA). … Read more
You apply for a mortgage. The next day you receive a call from another mortgage lender and you wonder how they knew you were applying for a mortgage. When you apply for a loan, the mortgage lender will pull your credit report. This will trigger an inquiry on your personal credit file. One or more … Read more
Advantage Credit Inc. is proud and excited to announce our new employees that have joined the Advantage Credit Inc. family. Cheryl Shufelt, Customer Service Manager, joined Advantage Credit in January, 2012. Prior to working at Advantage Credit, she has worked in the Banking and Mortgage industries for over 20 years where her roles included management, … Read more
Fannie Mae and Freddie Mac announced they are modifying their forbearance policy to include unemployed borrowers as of Feb. 1, 2012. Current statistics show that 10% of the current delinquencies on FNMA and FMAC loans are due to unemployment so this policy change could help thousands of borrowers who are currently unemployed and struggling to … Read more