The Finance Advice

Lee Keadle

Credit scores are a critical component for lenders trying to approve home loan borrowers.  Multiple studies by the Federal Home Loan Mortgage Corporation (usually called Freddie Mac) have shown that credit scores are some of the best indicators for a borrower’s long term performance.  So, what exactly does your credit report show? 

The basic information in your report identifies you and is updated as you apply to various lenders.  This information includes your name, date of birth, social security number, address, and job history. 

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Posted in Finance on January 6th, 2009
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How to handle an identity theft 911 emergency — discovering somebody has stolen your identity.

An identity theft 911 situation is when you first discover you’re a victim of identity theft.

Perhaps you’ve just received a bill from a creditor you’ve never heard of before.  Perhaps you’ve just received a call from a bill collector who is demanding you pay for a widget you never bought.

Panic time.

Somebody is using your name, reference numbers (i.e., social security number, etc.) or other personal information to set up fraudulent accounts that you’re getting billed for.  You’re also wondering if maybe they’re tapping into accounts you’ve legitimately opened.

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Posted in Finance on August 17th, 2008
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Applying for a credit might seem like a simple task but you can find your self in financial trouble unless you have the right information.

When applying for a credit card we need to understand the need for credit cards in this internet age. Where this can be for many different reasons. For instance some people might need help with their bills that they cannot pay. Then there are people that want a credit card so they don’t have to carry cash around or maybe just they just want to shop online. Or maybe you need one to go on vacation with. Whatever your reason is, most if not all people know that they need a credit card. But the bad part is that credit cards are not handed out so easily. Where most people have to apply for a credit card before they can get one. So if you are thinking about getting a credit card, then you should read on.

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Posted in Finance on May 10th, 2008
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