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How Do Credit Look-ups Affect Your FICO Score?

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Your FICO score determines your eligibility for a loan. Certain things like late payments or overextending your credit obviously hurt your score. What about credit look-ups? Do they hurt your score? You might be surprised to learn the truth – it’s probably not as bad as you think. Defining a Credit Look-Up First, let’s look at credit look-ups and what they are. They occur when … [Read more...] about How Do Credit Look-ups Affect Your FICO Score?

How Credit Disputes Affect Mortgage Process

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It’s your right to dispute something that isn’t accurate on your credit report, but what happens when you apply for a mortgage. Will you be able to get the mortgage? Compare Offers from Several Mortgage Lenders. Unfortunately, credit disputes are red flags to lenders. A disputed account could mean that you’ll have more liabilities than report on the credit report at the time … [Read more...] about How Credit Disputes Affect Mortgage Process

Can You Get a Cash-Out Refinance With Bad Credit?

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You needed ‘good’ credit when you applied for your mortgage to buy your house, now you want to tap into its equity. Do you still need good credit? Looking for Current Mortgage Interest Rates? Click Here. The answer is ‘yes.’ Lenders want a ‘good’ credit score in order to ensure that you’ll make your payments on time. Taking cash out of the equity in your home means that … [Read more...] about Can You Get a Cash-Out Refinance With Bad Credit?

How to Get a Free Copy of Your Credit Report

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Did you know that you should check your credit report at least once a year? Did you also know that you can get a free copy of your credit report from each of the three credit bureaus? Technically, this means that you can get a copy of your credit report three times. You can do it all at once or you can request one report every few months to take a year-round peek at your … [Read more...] about How to Get a Free Copy of Your Credit Report

How to Dispute Medical Bills on a Credit Report

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If you don’t pay your medical bills, they could become a collection on your credit report. This doesn’t happen instantly, but after 90 to 180 days of non-payment, medical providers are likely to sell your debt to a collection agency. Typically, this gets reported on your credit report as a collection, which could hurt your credit score and your chances of getting new credit … [Read more...] about How to Dispute Medical Bills on a Credit Report