Filed Under (Debt Problems) by Sara Turner on 07-11-2010
Today I’m going to briefly explore and talk about what makes up your credit score. When working with hard money lenders, what your credit was did not usually make much of a difference. In the market today, on the other hand, a lot of things have changed, and even in the hard money realm, your credit score is playing a bigger role in lending decisions.
Most people are very under informed and uneducated when it comes to all of the various factors that go into their credit score. We have made a quick basic breakdown on credit score factors:
35% of any credit score comes from how you have made payments. This is the biggest of the credit score factors, and the most recent payment history is the most important. T
Filed Under (Debt Problems) by Sara Turner on 02-11-2010
Is consolidating your debt necessary?
Having a credit card has become a very prestigious thing today. The number of credit card holders is on a rise especially in UK and most of the western countries. People tend to have eight to ten different credit cards in their pocket. People make unnecessary purchases more than what they can actually afford. This has resulted in tremendous increase in credit card debts.
If you owe lot of loans and debt to creditors and are paying high interest rates on credit cards debts, then consolidating your debt can only help your cause. You can consolidate your debt using a debt consolidation or debt management program.
If a person happens to carry his balances for the next month he will have to pay more than the charge to the card.
Filed Under (Debt Problems) by Sara Turner on 27-10-2010
To me personally the last couple of years have been miserable monetarily! Everybody knows that the recession has had a substantial impact on practically the entire globe; and for me personally I got hit really hard. I was a mortgage broker prior to the economic chaos struck and I seemed to be doing very well, immediately after the economy got changed upside down I found myself with no employment. Which was just the 1st strike against my economic well being. You see I also had more than $100,000 invested in a real estate property development venture.
