With foreclosure running rampant in the economy today, I thought I would share and article about how foreclosure affects your credit.
Foreclosure Credit Damage – How Does Foreclosure Affect Credit?
By Bobby Tucker
When a homeowner hasn’t made their monthly mortgage payments for 3 months or more, their lender will usually starts the foreclosure process. There can be [...]
I thought these videos were helpful in explaining how credit scores work.
Here is another one answering common questions.
Protecting your credit can be very difficult if you have way more debt than you can afford. This article discusses two options if you can not afford your car lease payments anymore. Either pay it off in full using credit cards or turn it over and take the hit on your credit.
In either scenario your [...]
Understanding how credit scores are calculated can greatly help you protect your credit. Here are a couple articles that review how the FICO score is determined.
How Credit Scores Work
We depend on credit for so many important things in life — whether it’s for buying a car, house or computer or getting a student loan. A [...]