Question What is validation of debt? Answer Validation of Debt (VOD) is the single greatest tool you can use to deal with collectors. What it means is that you have 30 days from the time a collection agency contacts you to ask that certain documentation be provided by the collection agency to validate the debt. […]
Linda Ferrari on Air – Market Wrap
Listen to Linda Ferrari on Market Wrap with Moe Ansari talking about recent consumer credit news! CLICK HERE TO LISTEN NOW Click here to see how you can send your clients to Linda’s company, Credit Resource Corp. for a free credit consultation now.
How Loan Modifications are Affecting Credit Reports and Scores
Just over a year ago, the Obama Administration’s $75 billion mortgage modification program went into effect, a response to the first year of “The Great Recession,” where nearly two million Americans lost their homes through foreclosure, short sales, and deeds in lieu of foreclosure. An effort to rescue homeowners teetering on the brink of disclosure, […]
Loan Modifications & Credit – It’s All In The Code
Are You A Professional Looking For Invaluable Content Like This Article To Educate Your Clients & Referral Partners? Click Here! Just over a year ago, the Obama Administration’s $75 billion mortgage modification program went into effect, a response to the first year of “The Great Recession,” where nearly two million Americans lost their homes through foreclosure, […]
Mortgage Defaults & How They Affect Credit (Updated)
“Is it better to file for bankruptcy or to be foreclosed?” “What is a short sale and how can it affect my credit?” “What about a Deed In Lieu of Foreclosure? “What should I do?” The recent economic crisis has paralyzed the hopes and futures of millions of homeowners who are now wondering how they […]
Are You Credit Ready For 2010? A 10-Step Take Action Plan: Part One – Setting Your Score Goal
In an economy riddled with increased expenses and stringent credit standards, the businesses and households that will successfully navigate through the period of economic recovery will do so because their credit scores will get them access to credit and cash, empowering them to forge ahead and capture opportunity while those around them fold. Great fortunes […]
You May Qualify for the Tax Credit, But Is Your Credit Strong Enough to Qualify For the Home Loan?
The newly-enacted Worker, Homeownership And Business Assistance Act Of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers. The tax credit now applies to purchases occurring on or after January 1, 2009 and on or before April 30, 2010. And in cases where a binding sales contract is signed […]
All Credit Experts Are Not Created Equal
Close Credit Cards-Pay Everything In Cash Pay Off Collections Before Applying for A Loan Close Accounts You Don’t Need or Use Paying Off Your Auto Loan Will Help Your Credit All sounds like great advice, right? And it may be for some things, but I can tell you first hand that all of these items […]
Download the SAFE Act: Secure and Fair Enforcement Mortgage Licensing Act
Click Here to Downloand the SAFE ACT Now
The Mortgage Crisis and Your Credit Part Seven: Some Concluding Thoughts
We’ve covered a lot of ground in this series! In case you missed any of the important articles, use these links to access the blogs now: The Mortgage Crisis and Your Credit Part One: No Laws Requiring Lenders To Report To The Big Three The Mortgage Crisis and Your Credit Part Two: Foreclosure The Mortgage […]
