Posts Tagged ‘Debt’

Who gets the CREDIT?

August 28, 2017
Credit and money

Who taught you all about credit?

As a former Mortgage Broker, it became clearer each day that many people have simply never been taught how to manage their credit or what it takes to increase credit scores.

During our years in the Mortgage Business my husband and I heard so many stories from potential clients on how their credit went down hill. Sometimes bad things happen to good people such as loss of job, illness, divorce or death and the credit downward spiral was unavoidable. Most of the time we heard, “No one ever taught me.”

 Good Credit bad Credit signWhere do you go from here?

The Road to Recovery.

We have a passion to help and educate our clients and followers on how to improve and maintain excellent credit. My husband and I worked together as a team within the mortgage industry for over ten years. We loved helping our clients with the process of buying a home. We took the extra steps to show clients that were denied due to credit issues ways they could increase their scores and the requirements needed to obtain a home loan as well as helping them throughout the loan process.

It is our goal to give tips on credit, educate and help strengthen your credit and spending habits. Our post will also help prepare your credit for the home loan process along with a few fun light-hearted quotes and extras along the way. Visit our Facebook page and give us a, “Like” on our page and share with a friend or two!

Our page isn’t just for the future home buyers but rather a place to learn how to manage and understand your credit so it will be there when you need it. Having a higher credit score will save you lots of money on interest rates but the goal is also to make wise money decisions. So, stick around, check us out and let us know if you have any questions. We are here to help!

 

approved stamp

Photo House of Brokers Realty

 

 

 

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A Paid Collection is still a Collection.

August 10, 2016

Credit increase credit debt team jeffeson

Did you know….

Just because you pay off a collection it does not erase the derogatory marks on your credit report.

A collection is an account that has been severely past due and the creditor gave up on receiving payment and turned the debt over to a Collection Agency to try to collect the money owed usually adding additional fees to the balance.

Many people believe once a collection is paid that it will be removed from your credit report. Some collection agencies will even go as far as tell you that they will remove the collection from your credit but usually, (unfortunately) this is a ploy to get your payment.

Read more here.

By Donna Jefferson

Credit and Mortgage Loan Specialist

 

 


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