The Power Of Credit Building On Your Journey Of Credit Restoration (Part 3 Credit Building Options, Installment Accounts)
Installment accounts can be great credit builders. In this article, part 3 of our series on credit building, we discuss installment accounts and how they help you build credit, we also show you many great options you can choose from that have no credit checks! You can even save money for future use with these credit builders.
The Importance Of Credit Monitoring & Stopping Identity Theft
Identity Theft has become a huge issue ruining people’s credit. The COVID-19 pandemic has fueled this issue even more. In this article we discuss the importance of monitoring your credit, how to tell if you are a victim of identity theft, and what you can do to prevent or stop identity theft from happening to you.
The Power Of Credit Building On Your Journey Of Credit Restoration (Part 2 Leveraging Credit Building For Mortgage Approval)
Continuing our series on credit building, in this article we discuss how to leverage credit building to maximize a credit report in order to get mortgage approval. The average denial rate for a mortgage is approximately 16.1% nationwide. Denial reasons vary, but let’s tackle only the credit related reasons. Denial reasons are not limited to […]
The Power Of Credit Building On Your Journey Of Credit Restoration (Part 1 Introduction)
Think of your credit report as a balance scale. You have your satisfactory accounts on one side, your derogatory accounts on the other, and that needle in the middle is your credit score. The credit score is lower on the derogatory side, and the higher on the satisfactory side. Obviously, the side with the most weight determines your credit score. This post today is only part 1 of a multi-post series to educate you about credit building. Why it’s a huge key to your success in your journey of restoring your less than perfect credit profile, or on your journey of starting your credit with a solid foundation. During this series we will show you many items that can help you either build a solid credit profile from the ground up, or employ to improve your score by offsetting negative items on your credit report. I will link each article as I write them at the bottom of this post.
How to Avoid Credit Repair Scams
Scammers love to take advantage of someone else’s misfortunate situation. Given that credit is now king and not cash, credit determines your access or denial to many essentials to function in daily life such as the ability to get or keep a job, a home (rent or purchase), a car, access to emergency funding, etc. The COVID-19 pandemic has also fueled this even more. Scammers know this and take advantage of desperate consumers who are seeking to improve their credit. In this article we show you how to easily identify scams, what to do if you encounter a scammer, and what to look for when you are seeking help with your credit. We will also show you what a reputable credit repair company looks like.
New Year, New Opportunities for Partnerships and Endless Possibilities
Partnering with Credit Wellness Solutions allows you to focus on your qualified clientele while they work in the background to get your unqualified clientele credit ready for mortgage lending, often much sooner than the 6 month credit repair program. These clients are then sent back to you ready to go. Sammy, our CEO and Founder published an article that goes into detail how credit reporting errors affect a credit score and how credit repair can step in and be your hero in the trenches. Considering the Fed’s announcement to raise interest rates as many as 3 times in 2022, the first expected within the next couple months; the robust real estate market experienced in recent years could slow dramatically.
A New Year, A New …
Fixing Your Credit is the Best New Year’s Resolution You Can Make
2021 is rapidly coming to a close, and perhaps your yearly New Year’s Resolutions are coming to mind. Like most people you may be thinking about quitting smoking, losing weight, saving more money, or going to church. Maybe your goals for 2022 are a bit more lofty such as, buying a new car, or a new home. Maybe you tried some of these resolutions, some you were able to follow through, others not so much. Other resolutions you may have had circumstances prevent you from achieving your goals. Was your credit score one of the things holding you back in 2021? It’s time to change that!
Why Credit Repair is the Mortgage and Real Estate Industry’s Unsung Hero in the Trenches
Credit Reporting Errors Could Be Costing Your Clients THOUSANDS in Interest and Possibly Approval.
Qualifying for mortgage lending for many consumers, even those with decent credit can be a daunting task. So much goes into the decision process to decide if the consumer is lending ready. Is the consumer credit worthy? How have they handled credit in the past? How are they handling it presently? Do they have the capacity to handle the obligation of repayment over 15-30 years? Lenders justifiably want to see the consumer can handle the biggest financial decision and obligation of their lives. Putting aside obvious indicators such as work history, income, and age; lenders use credit reports from the 3 major credit bureaus (Equifax, Experian, and Trans Union) to make an informed decision on a consumer’s lendability.
