Business owners with ChexSystems records may find it difficult to open a business checking account. Banks that don’t use ChexSystems for business checking and second chance business checking accounts can be an option.
People often associate credit cards with debt. But having credit cards does not mean you have to take on debt. The truth is you need current, active credit accounts in order to rebuild credit history. Having nothing but negative credit reporting to the bureaus will not help credit scores. To rebuild credit you need positive…
If disputing negative credit is not your cup of tea, use these techniques to pad your credit report with positive information. Current positive information, like on-time payment history, will help your credit scores.
Tax liens removed from credit reports may mean some consumers will see a jump in credit scores. Tax liens will no longer count against your credit scores. Starting April 16, tax liens will be removed from consumer credit reports. As a result, some consumers can look forward to higher credit scores. The move to no…
Negative credit due to identity theft can be removed with the help of the Federal Trade Commission
ChexSystems Removal: ChexSystems Reports can maintain negative records for 5 years but you can get removed from ChexSystems if you are successful in using one of these strategies.
Charge-offs hurt your credit scores, whether paid or unpaid. But when applying for a mortgage loan it ‘s better to pay the charge-off so it won’t be factored into your overall credit utlization.
Fannie Mae provides home-buying programs to make it easier for low- to moderate-income households to qualify for a mortgage loan. The HomeReady program, unveiled in 2015, allows lenders to include income from non-borrowers within a household, such as extended family members, toward qualifying for a mortgage loan. Officials at Fannie Mae said their research indicated…
Charge-Off Notification: Do creditors have an obligation to notify you directly when they close an account for late payments or charge-off an account?
VA mortgage loan benefits help make home ownership possible for veterans who might otherwise miss out. VA loans do not require a down payment