Recent Posts in Credit Score Category
Posted on Sep 8, 2011 By Jacoby & Jacoby
Although it is certainly true that bankruptcy may negatively affect a filer's credit score, sometimes for years after the discharge , there are steps that a debtor can take to lessen the impact. ...
Continue reading "Lessening the Impact Bankruptcy Has on Your Credit Score" »
Posted on Jul 21, 2011 By Jacoby & Jacoby
It has become increasingly evident that a borrower's FICO score is one of the most important issues to be considered by financial institutions that underwrite mortgages. One's FICO score, or ...
Continue reading "Credit Scores and Mortgage Loans" »
Posted on Jul 18, 2011 By Jacoby & Jacoby
Medical debt presents may present a particular problem for consumers. This type of debt is significantly different than other types of debt that a consumer may need to deal with, such as credit card ...
Continue reading "Unpaid Medical Bills and Your Credit Score" »
Posted on Aug 31, 2010 By Jacoby & Jacoby
Are you on a quest for the perfect credit score? If you want an 800 score, the first step is to find out what your current score is. The editors of Money Magazine wrote this article for CNN.com ...
Continue reading "6 Steps to Improve Your Credit Score" »
Posted on Aug 26, 2010 By Jacoby & Jacoby
We understand that the reason you are considering bankruptcy is most likely using your credit cards beyond your financial needs. Many times, debtors are forced to use their credit cards to pay for ...
Continue reading "Can I Use a Credit Card Before I File Bankruptcy?" »
Posted on Aug 25, 2010 By Jacoby & Jacoby
Matthew McKillen, eHow presenter, speaks about how bounced checks affect a person's credit rating by keeping local banks from lending money to the individual. Bounced checks may also lead to the debt ...
Continue reading "Watch Me Wednesday: Do Bounced Checks Affect My Credit Rating?" »
Posted on Aug 23, 2010 By Jacoby & Jacoby
Having bad credit won't necessarily prevent you from getting a credit card, but it can make it much more difficult. Here are some tips that will help you get a new card and start to build your credit ...
Continue reading "How Can I Get a Credit Card When I Have Bad Credit?" »
Posted on Aug 6, 2010 By Jacoby & Jacoby
Having a savings account is important not only for emergencies, but also for children’s college funds and your retirement. You can put a lot more away then the average family without living a deprived ...
Continue reading "Secrets of Extreme Savers" »
Posted on Aug 4, 2010 By Jacoby & Jacoby
Robert Siciliano, Identity Theft Expert and CEO at IDTheftSecurity.com discusses online shopping and if it makes you more vulnerable to identity theft.
Continue reading "Watch Me Wednesday: Does Using My Credit Card Online Make Me More Vulnerable to Identity Theft?" »
Posted on Jul 19, 2010 By Jacoby & Jacoby
Before your divorce, when you and your spouse first obtained credit together, you both sign a contact agreeing to pay your bills. A divorce agreement does not cancel that contract. When you divorce ...
Continue reading "How Does Divorce Affect a Person’s Credit?" »
Posted on Jul 15, 2010 By Jacoby & Jacoby
A home equity line of credit (HELOC) is based on the amount of equity you have in your home. Equity is determined by your home's value less the amount left on your mortgage. If your bank freezes your ...
Continue reading "When Can a Bank Freeze a Home Equity Line of Credit Account?" »
Posted on Jul 14, 2010 By Jacoby & Jacoby
Janet Bodnar, Deputy Editor of Kiplinger’s Personal Finance discusses how your credit cards will impact your credit score.
Continue reading "Watch Me Wednesday: How Do My Credit Cards Impact My Credit Score? " »
Posted on Jul 12, 2010 By Jacoby & Jacoby
If you have never had any credit, the best way to build it is to get a few credit cards . Pick at least two from the major lenders (Visa, Mastercard, etc.) and make sure they have no annual fees and a ...
Continue reading "How Do I Start Building Credit from Start? " »
Posted on Jul 1, 2010 By Jacoby & Jacoby
Despite the final phase of the CARD Act being put into place this August, credit card issuers will still be able to blindside customers with unexpected fees and more abusive behavior. We came across ...
Continue reading "High Rates, More Fees – Credit Card Traps Here to Stay" »
Posted on Jun 29, 2010 By Jacoby & Jacoby
Gather information regarding the tenant who was evicted. You will need the full name, Social Security number and address. Additional information such as a driver's license number is also helpful. The ...
Continue reading "How Do I Add Eviction to a Tenant Credit Report? " »
Posted on Jun 15, 2010 By Jacoby & Jacoby
If your spouse has passed away or your are the executor of the estate or have the power of attorney for the deceased, then you may obtain a copy of the credit report. Write a letter to the 3 major ...
Continue reading "Can I Obtain a Credit Report for Someone Who has Passed Away?" »
Posted on Jun 14, 2010 By Jacoby & Jacoby
We recently came across this article in the Wall Street Journal discussing the advantages of credit unions over banks. The article brings up some great points and we wanted to share it with our ...
Continue reading "Credit Unions: A Better Bet Than Banks?" »
Posted on Jun 4, 2010 By Jacoby & Jacoby
First, request a credit report from all three major credit bureaus, TransUnion, Equifax and Experian, and document anything you find that is incorrect on the reports. Record what the negative item is ...
Continue reading "How do I Erase Potentially Negative Items from a Credit Report?" »
Posted on Jun 3, 2010 By Jacoby & Jacoby
Shopping for a new bank? Most people just go for convenience when looking for a bank, but there are so many other questions you should ask yourself when switching banks. We came across an article on ...
Continue reading "Which Bank Deserves Your Money?" »
Posted on May 28, 2010 By Jacoby & Jacoby
No, you cannot remove a bankruptcy from your credit report early. A Chapter 7 bankruptcy can appear on your credit report for 10 years while a Chapter 13 bankruptcy will appear for seven years. ...
Continue reading "Can a Bankruptcy Ever be Removed from my Credit Report?" »
Posted on May 20, 2010 By Jacoby & Jacoby
Have you been rejected for a credit card, car loan or store charge card in the past and wondered why? An amendment making its way to becoming a bill in senate will help consumers by providing them ...
Continue reading "Senate Votes To Provide Credit Scores to Consumers" »
Posted on Feb 23, 2010 By Jacoby & Jacoby
One of the best things about getting a fresh start by filing bankruptcy is that it allows you a chance to rebuild your credit score. The first step in rebuilding your credit score is getting rid of ...
Continue reading "Bankruptcy: First-Aid For Your Credit" »
Posted on Feb 16, 2010 By Jacoby & Jacoby
Your credit score is based on many things, but there are three common factors that make up about 80% of your score. Many financial institutions start with your FICO score, which is based on a system ...
Continue reading "3 Major Factors of Your Credit Score" »