- Sunday, March 22, 2009, 6:56
- Insurance 101
- 23 views
Credit scores have traditionally been used to determine the creditworthiness of applicants for financing. Lenders routinely use scores to establish the likelihood that payments will be made on time and that loans will be repaid in their entirety. In an increasing and controversial trend in the automobile, home, and other insurance-related products, major agencies are using the credit scores of their clients to establish policy ...
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- Saturday, March 7, 2009, 18:27
- Credit Fundamentals, Featured
- 64 views
Top Sources of Identity Theft
1. Mail theft
2. Dumpster diving
3. Unscrupulous employees
4. Stolen or lost wallets
5. Internet fraud
6. Burglary (home, vehicle, documents, computer files, etc.)
7. Friends or relatives
8. Phone scams
9. Unethical use of public documents
10. Shoulder surfing for passwords at ATMs, computers, etc.
Attorney Mari Frank knew something was terribly wrong as soon as her bank called regarding an outstanding $11,000 bill she knew nothing about. “I ...
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- Saturday, March 7, 2009, 18:22
- Credit Fundamentals
- 90 views
y Thom Fox
It’s important to realize that if your credit score is poor, it won’t necessarily remain that way forever. Credit reports and scores are very time-sensitive items, and they merely represent a snapshot of your credit profile at any given point in time. Your score from three months ago is probably not the same score a lender would get from the credit reporting agencies ...
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- Saturday, March 7, 2009, 18:16
- Credit Fundamentals
- 56 views
by Thom Fox
Lenders review a variety of information whenever they need to decide whether a consumer loan applicant represents an acceptable level of risk. In this process, lenders review one or more credit scores. A credit score is typically a three-digit number that tells a lender how likely an individual is to repay a loan, and whether that person’s payments will be made on time.
FICO ...
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- Friday, March 6, 2009, 10:08
- Credit Fundamentals
- 37 views
When you’re developing a long-term strategy to improve your credit, you need to focus on two main areas
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- Friday, March 6, 2009, 10:00
- Credit Fundamentals
- 48 views
by Jeffrey R. Lipes
As a first-time homebuyer, one of the best pieces of advice is to get prequalified for a mortgage before you start looking for a home; however, before you call or visit your mortgage broker or banker, you take one important step to protect your privacy. If you do not take this step, oncethe mortgage lender pulls your credit report, your ...
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