Author: William M. Davis February 22, 2012
A great credit record is an advantage during these tough economic times. Loans and credit are hard to come by if your credit score is not in good shape. Not only that but if you do find a loan or credit when your credit score is not stellar you will likely be paying over the top interest rates. So how do you get and maintain a good credit score?
Author: William M. Davis March 23, 2009
Mortgage Marketing
Mortgage Marketing as a business consists of three parts namely
Origination
Origination
Closure
Mortgage Origination
Hence the entire business concept of mortgage marketing is all about skillfully originating loan deals which is normally carried out by the Loan Officer or the originator. He normally uses brochures, mails and contact databases to clinch a business deal. The scale of business is indeed large when compared to the level of business managed by brokers. A mortgage bank carries out loan operations on a very large scale. Hence origination of loans runs to millions of dollars or sometimes even trillions.
Mortgage Maintenance
Mortgage Maintenance basically involves …
Author: William M. Davis March 20, 2009
Today I feel like talking to you about one of the least liked and most avoided of topic on bad credit which is…. Bad Credit Reporting. Without any doubt it is a real nightmare for everyone. Do you still believe in myths about bad credit reporting? Come on here is a chance to know what is true and what is not.
Credit report requests do not cause harm: The more the number of request for credit report of an individual the greater will be the chances of denial of credit.
Paying off collection accounts will help the credit report: Collection …
Author: William M. Davis March 18, 2009
When you are in bad credit, you are in a pretty sticky spot. You really cannot borrow anymore. Before going any further in solving your issue, think again!
Do you really, desperately need this loan….?
Can you do without it? Believe me; it’s not so good to keep adding loans to your name, especially when you are in bad credit. Ok, after that musing, let’s get back on track . You need the loan but no one is ready to give it to you. Banks and financial institutions will show you the door.
Obviously, you are a huge risk that …
Author: William M. Davis March 16, 2009
What are Bad Debt Personal Loans?
Bad Debt ruins an individual if it isn’t dealt with carefully. Many lenders are now a days coming forward to help these bad credit borrowers by offering them what is called as the bad credit personal loans. These loans are specifically issued to poor credit borrowers with a higher interest rate and a very short pay back period. The major advantage is that you need not physically travel to avail a loan of this kind. An online application is sufficient to avail bad credit loan.
Who can avail a Bad Debt Loan?
Very clearly, it is meant …
Author: William M. Davis March 13, 2009
The best way to stay out of credit scam is to know what to look out for. Recognizing scams is the only best way of avoiding them. Have you been through one? How was the ride? Horrendous wasn’t it? Let us try and find ways of recognizing credit scams.
Scam artists target those people who are on a look out for a huge windfall to save them from their precarious condition. Old, Weak and Poor are the soft targets of scam artists who take advantage of their situation and try to cash out of it.
Where a credit repair agency promises …
Author: William M. Davis March 11, 2009
Need for Personal Loan
Unexpected expenses and unplanned trips have increased your debt? You work hard and even much harder than ever before, still you find yourself in great need for money. With growing necessities and expectations, expenses increase. It’s all fine as long as you spend out what you earn. You should be serious when you spend out of borrowed funds. Is it really necessary to borrow money for a particular expense? Can you go without it? Again, the definition of needs and wants varies from person to person. Hence, there can be no universal rule on what to spend, …
Author: William M. Davis March 9, 2009
Mortgage Refinancing is practical option if done at the correct time. It can help you clear your other debts as well. The money saved through refinancing can be used for expenditures like house renovation or higher education. Below are Top 20 most asked question on Mortgage Refinancing.
Can I refinance with bad credit report or should I file bankruptcy?
Refinancing will only result in high cost borrowing, considering the risk factor involved in financing a bad credit holder, which eventually one will not be in a position to repay, hence it is a good idea to file bankruptcy under chapter 13 where …