Debt Collection Answers
FEBRUARY 21, 2024
“ Pre-Screen Firm Offer of Credit ” might sound like jargon, but understanding its implications is crucial for anyone navigating the realm of credit and debt consolidation. Two entities that may send debt consolidation loan mailers are Symple Lending and Secure One Financial.
Titan Consulting
MAY 3, 2020
Each company uses a proprietary algorithm to generate a consumer score based on five key factors : On-time payment of existing credit obligations. Amounts owed in relation to credit limits. Newly issued credit. Length of credit history. The mix of credit accounts (loans versus lines of credit).
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Credit Corp
MAY 30, 2023
You can request the removal of hard inquiries from your credit report by pointing out unauthorized checks or going through a formal dispute process with major credit agencies. Whether you’re looking to buy a house, lease a car, or get a loan, lenders need to check your credit.
Credit Corp
OCTOBER 4, 2021
When you choose a mortgage lender and are approved for your home loan, your lender is agreeing to lend you all funds necessary to cover your home purchase. New credit — If you’ve opened multiple credit accounts at one time, this is a red flag for underwriters because it can suggest that you’re in financial distress.
Titan Consulting
MAY 24, 2020
Credit bureaus measure variables related to your debt like the total amount of your debt, if you make your debt payments on time, how long you have been paying on debt obligations and how much debt you are servicing relative to how much potential debt has been extended to you.
Titan Consulting
APRIL 26, 2020
Through the CARES Act, federally guaranteed mortgages , which cover two-thirds of home loans in the US, permit borrowers to delay payments, through a forbearance, for up to 12 months. These options could extend the loan term, or reduce the interest rate to lower the payment permanently. . However, aid is not automatic or uniform.
Titan Consulting
MAY 17, 2020
Alternative credit sources that do not report to the credit bureaus can include payments for rent, utilities, service accounts, and personal loans. Rent Bureau , now owned by the credit bureau Experian, electronically compiles rental data from property management companies and individual landlords.
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