Nobody wants to think that they will go into debt, but this is becoming more and more common. We live in a world where credit cards, loans, and debt are becoming more and more common. In fact, some people no longer even carry cash! Thus, if you keep accumulating debt, it

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Credit score formulas have recently changed affecting the qualification of some borrowers when financing a home purchase or refinacing a mortgage. Here are the main changes:

1. Ratio of Balance to Limit

The ratio of account balance to the amount of credit available appears to have more influence on the credit score formula. The less credit available that a borrower has on credit cards, the lower the score would be. More available credit would mean a better score. This change could have a broad impact on

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A credit report is critical piece of paper. Lenders scrutinize it closely when deciding whether or not to give you a loan. Insurance companies can use it to work out your rates or whether they will consider assisting you at all. Employers can access and use it as a criterion in recommending you for a job or promotion. With so much weight placed on a person’s credit report, it is vital that the information it

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