by mannie castillo | Nov 5, 2017 | Frequently Asked Questions
A secured debt is a debt in which the creditor maintains a security interest in an item or piece of personal property such as a house, automobile, boats, etc. With secured debts, if you fall behind on payments, the lender can repossess the property that originally...
by mannie castillo | Nov 5, 2017 | Frequently Asked Questions
A credit report is a record of your credit activities. It lists any credit card accounts or loans you may have, the balances, and how regularly you make your payments. It also shows if any action has been taken against you because of unpaid bills.
by mannie castillo | Nov 4, 2017 | Frequently Asked Questions
You are entitled to receive one free credit report every 12 months from each of the nationwide consumer credit reporting companies—Equifax, Experian and TransUnion. This free credit file can be requested through Annual Credit Report or by contacting the companies...
by mannie castillo | Nov 4, 2017 | Frequently Asked Questions
There are usually four types of information: Identifying Information: Your full name, any known aliases, current and previous addresses, social security number, year of birth, current and past employers, and, if applicable, similar information about your spouse....
by mannie castillo | Nov 4, 2017 | Frequently Asked Questions
Credit bureaus collect information from parties that have previously extended credit to you, such as a department store that issued you a credit card or a bank that granted you a personal loan.
by mannie castillo | Nov 4, 2017 | Frequently Asked Questions
A Loan Modification is not based on credit. The banks are trying to make a good loan out of a troubled loan. The loan modification will not hurt your credit; generally only late payments or a foreclosure will negatively affect your credit score.
