If you hire it done, A credit repair company or person will only charge you for what they can’t do, and what you should do, and what you can do, if you will do.
Read a book, say a prayer, make the call yourself. Look at your report, make a plan, call the creditors, make a deal, do it yourself.
Question: Is it true that my FICO score can’t recover from a negative mark for 7 years?
Answer: No that is not correct. Some items do have an affect for that long but as time moves on since the incident, the lower the impact on your score. An example is a collection. This is a reason that if you are applying for a mortgage, that you should not pay off a collection without the advise of a loan officer. Paying it off will bring the date forward to a current date and can hurt your score. An experienced loan officer will know the timing and ways to deal with this.
Late payments, inquiries, exceeding credit lines, all have less impact as the months move on.
Your score can raise immediately through rapid rescoring. This process has additional costs, so we advize you to use the FICO Dr now to anticipate your problems and save the rapid rescoring fees. Click here to order the FICO DR.
Through our Mortgage Company, Home Funding Central Inc., dba Homes And Loans
we offer this great new service. It relates to your mortgage score and what exactly you must do to raise it. It shows you exactly what to do, with different scenarios requiring different amounts of cash.
Fill out the simple form, including your phone number and email address and watch the Dr. go to work for you.
Click here to get started. It is easy to order and easy to understand.
I was our first customer and was blown away.
For a 3 bureau analysis by our Dr. it costs 34.95 for a single report and $50.00 for a joint score.
Your report is delivered to us for review with you, but you receive all of the necessary information to raise your Mortgage FICO Score.
Competitive products use a consumer score, not your mortgage score.
It does count as an inquiry.
Leave a comment if you have questions.
Larry Cragun
The credit score – as mysterious as a gypsy palm reading? Kind of, yea. Sometimes I’m surprised that some credit scores are better than it appears they should be and others are worse. Why? I have no idea.
Maureen informs us:
I will give credit where credit is due. The author
is our mortgage dude, Ken Mascia from Oxford
Financial. He's making a semi regular
appearance on the blog doing the finance stuff.
Look for a sizzlin part 2 early next week.
click here to get a correct look on what to do and not do after having some problems.
a snippet from the article
Many people that have over used credit, and gotten into payment trouble, make one gigantic mistake – they stop using credit all together. If you have a recent history of late payments to creditors (or a long ago history) the one thing that will improve your credit score is to re-establish that you are willing to repay lenders you owe money to. The only way to do this is to utilize credit and make your payments on time. One year of perfect payments on 2 or more credit lines will go a l o n g way towards improving a bruised credit score.
Written by Ken Mascia
Oxford Financial Corporation
Birmingham, Michigan
248-644-1200
Robert Hamm:
Mill Creek and Mukilteo Loan Officer
To contact Robert call 425.745.4997 or his cell: 425.330.1545
Email Robert at: Bob@RSHamm.com
For a reference on Robert from an experienced Real Estate Agent call Steve or Meriam Knoblaugh at 425.750.0534
Robert can serve all of your mortgage needs including helping you with your FICO score. If you order the FICO Dr. service Robert will be able to assist you with any questions.
