Credit

May 10, 2020
What can I do if there are loans on my credit report that aren’t mine?

Your credit history is an important factor for obtaining a loan, renting an apartment, and sometimes getting a job. However, it’s not uncommon for a credit report to contain mistakes. For example, your credit report may show an unpaid medical bill for services that were paid by the insurance company. It may show a student…

April 02, 2020
I just paid off a house that I got on land contract. How do I add it to my credit report?

Submitted by Renee K. This is a great question. Before your question, no one has ever asked me about this, so thank you for letting me get this info out! I consulted with my friend and colleague Tina Marie, who knows a lot about land contracts. What’s a land contract? A land contract is an…

November 08, 2019
What is a good interest rate?

You may have heard that there are only two kinds of people: those who pay interest and those who earn it. In reality, we all likely end up occupying both sides of that equation. The first thing to know about borrowing money and paying interest is that how much you pay depends on your credit…

August 07, 2019
How can I fix my credit to buy a house for the first time?

My husband and I want to buy a house for first-time buyers. How can we fix our credit? Submitted by Ferlenzia M. Owning a home is a dream that many people have. To make that dream a reality, most people get a mortgage loan. To qualify for that type...

December 13, 2019
The Three C’s of Credit

When applying for a loan, it’s helpful to know what your Loan Officer will be looking at when making his or her decision. There are three areas they will review: Capacity, Collateral, and Character. Capacity Capacity is simply your ability to repay...