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It was a chance debate one day among my esteemed colleagues who, fueled by myths and misunderstandings, were being vocal with their “knowledge” regarding credit ratings. As surprising as it was, the more unfortunate fact was that few among the group were aware of the importance of credit score other than in securing credit cards […]

What is Joint Credit? Joint credit is the combined assets, incomes, and credit histories of two or more people. Thus, joint credit can be issued to multiple individuals, and all parties share the responsibility for repaying the debt. When banks or financial institutions grant joint credit, they evaluate everyone’s combined income, assets, and credit histories. […]

What is the importance of credit score and knowing your credit score? Specifically, why is it important to check your credit report why loaning for a home? Let’s face it, some things in life just feel passive. For some of us knowing our credit score, or rather, getting to know our credit score, is something […]

Shallow Credit is insufficient credit history. What is Shallow Credit? Lenders consider someone to have shallow credit if they do not have active accounts or their current accounts are new. As a result, these borrowers have an inadequate credit history and cannot demonstrate proper borrowing habits or repayment patterns to generate an attractive credit score. […]

Credit repair is the process of fixing a poor credit report. What is credit repair? Credit repair is the act of fixing a poor credit profile. This includes addressing errors on your credit report, recovering from identify theft, or simply establishing better financial habits, such as proper budgeting, debt repayment, and paying your bills on […]

Nearly 52% of Americans don’t realize that bad credit can impact how much you pay for your phone bill, utilities, and car insurance. Many people don’t even realize they have bad credit until they go to apply for a loan or a mortgage. Thankfully, there are bad credit mortgage lenders available for people who face […]

How Can Bad Credit Mortgage Lenders Help Me? There is a home out there for everyone. There is also financing for every buyer out there now thanks to flexible credit mortgage lenders. The Great Recession of 2008 hurt so many people in the United States. As many as 26 percent of all of Americans have poor credit […]

You have probably come across these terms in recent times, thanks to a large number of home buyers that are turning towards other forms of financial assistance. This is largely fueled by the reality that regular programs from banks and lenders are incorporating increasingly stringent requirements for home loans. Let’s see what exactly a VA […]

What Is USDA Rural Development? Can I Really Buy a House with $0 Down Using a Rural Development Loan? If you’re looking to build a new home or buy a new or existing home in a rural or suburban area, you may want to check with your lender to see if you qualify for a […]