When it comes to credit reporting, there are two questions that are asked consistently: Do creditors have to report to the bureaus? And how can I get my rent to report to the credit bureaus? Looking at the first question – Do creditors have to report to the bureaus? – the answer in a word … Read more
Evergreen, Colo, January 4, 2021 – Advantage Credit, Inc., and Partners Credit & Verification Solutions, two leaders in the mortgage technology and credit reporting industries, are pleased to announce their merger. “I am extremely excited for this new endeavor,” said Don Unger, President of Advantage Credit, Inc., “The companies that Blake Matheson and I have … Read more
One in five consumers have some sort of error on their credit reports. While a lot of these are things like a name misspelling or incorrect address, some are more serious and can have a significant impact on credit scores. Disputing these inaccuracies is fairly simple, but what happens when an item is disputed? And … Read more
How Often Do Credit Scores Update? By Mindy Leisure The question is often asked, “should I pull my borrower’s credit report after the first of the month to see the most updated credit scores?” The assumption being that credit reports update during the first part of the month…actually this is far from accurate. Credit reports … Read more
There have been a lot of questions lately about installment loans and their importance to a credit profile. Such as: Does an installment loan help or hurt? How much do the balances on installment loans affect a score? What about the payment amount? Is that a factor that is considered? What happens when its paid … Read more
Short answer, the reason why your credit score is not increasing is something that you have probably never heard of called “Scorecard hopping.” Let’s say you have been working diligently to get a small medical collection deleted and you finally get the collection agency to write you a “pay for delete” letter. After a few … Read more
If you are thinking about purchasing a home or refinancing your existing home, your credit scores needs to be your number one priority right now. Given the uneasiness of today’s financial climate and the continuous volatility of the stock market, credit score requirements are increasing exponentially. While the entities that back most loans (Fannie, Freddie, … Read more
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