In the last post we talked about FICO scores. Have you checked out what is your FICO score? Ok. If you have a bad credit score then, what to do? Is it the end of the world? No. It’s not. You may also have a good score, but do you know how to maintain that? […]
FICO stands for Fair Isaac & Company. TRW (Experian), Equifax, and Trans-Union- these three major credit bureaus reports about the credit scores. As the scores from the three bureaus do not match exactly, so the score comes in a range. The score range is from 300 to 900. Your FICO score depends on various factors like Length […]
The central bank is focusing on better regulations to protect the home buyers. This move is to curtail the bad lending system. Federal Reserve has proposed a new set of regulation which will be much stricter on the part of the lenders.
Public comment is possible for 90 days. After review of the comments, the final […]
Federal Reserve is embarking on a new project to protect borrowers from shady lending processes. Federal Reserve means some business here. It wants to protect all the borrowers, even the riskiest ones. This move has come into picture as the housing and credit problems creating a nationwide panic.
Fed may come up with some rules soon […]
1. Hiding when you are not able to make payment – Never avoid the phone calls and the letters from the lenders. You may be behind schedule or have any other problem with the mortgage that you have taken. But hiding will not solve the problem. Go and talk to your lenders. There are several ways […]
