Linda Ferrari

Recent Changes in Credit Scoring and Reporting and How They Affect You - FICO 08

Linda — Mon, 02 Nov 2009 16:02:51 +0000

While the roots of the modern credit report can be traced all the way back to 1898, the numerical credit score wasn’t devised until the 1950s and didn’t become a major part of the American financial system until the last twenty years. In 1956, Bill Fair and Earl Isaac devised analytical tools that attempted to [...]

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All Credit Experts Are Not Created Equal

Linda — Mon, 02 Nov 2009 03:36:00 +0000

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 will negatively impact your [...]

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Download the SAFE Act: Secure and Fair Enforcement Mortgage Licensing Act

Linda — Fri, 23 Oct 2009 02:55:02 +0000

Click Here to Downloand the SAFE ACT Now

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The Mortgage Crisis and Your Credit Part Seven: Some Concluding Thoughts

Linda — Mon, 20 Jul 2009 03:00:45 +0000

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 Crisis and Your [...]

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The Mortgage Crisis and Your Credit Part Six: Bankruptcy Mortgage Relief

Linda — Mon, 13 Jul 2009 03:00:56 +0000

How does bankruptcy affect your mortgage situation and your ability to qualify for a home loan in the future? Currently, bankruptcy offers very limited protection to a homeowner who is upside down with his or her payments. The borrower can file a Chapter 7 which, depending on the state bankruptcy law, will most likely require him [...]

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Understanding the 2009 First Time Home Buyer Tax Credit

Linda — Thu, 09 Jul 2009 03:00:41 +0000

Ever since the housing bubble burst and the current recession began in late 2007, the federal government has been seeking ways to reinvigorate the slumping housing market. Beginning in 2008, first time homebuyers became eligible for a $7,500 maximum tax credit to help in the purchase of their home. Unfortunately, this credit had to be [...]

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The Mortgage Crisis and Your Credit Part Five: Loan Modification

Linda — Mon, 29 Jun 2009 05:00:37 +0000

Foreclosure, Deed in Lieu of Foreclosure, Short Sale, Loan Modification and Bankruptcy can all have long-lasting impact on an individual’s ability to obtain credit. Homeowners need to get the facts before making critical decisions that will impact their lives for many years to come. In this series of seven blogs, I’ll be examining each of [...]

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The Mortgage Crisis and Your Credit Part Four: A Short Sale May No Longer Be a Better Option than a Foreclosure: Here’s Why!

Linda — Thu, 18 Jun 2009 20:13:04 +0000

For years, credit experts, including me, have told people that a foreclosure is the worst possible option for homeowners who are upside down in their mortgage and is something to avoid at all costs. One of the alternatives to foreclosure that homeowners have is a short sale, which is when a bank or mortgage lender agrees [...]

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The Mortgage Crisis and Your Credit Part Three: Deed in Lieu of Foreclosure

Linda — Tue, 09 Jun 2009 15:28:00 +0000

Foreclosure, Deed in Lieu of Foreclosure, Short Sale, Loan Modification and Bankruptcy can all have long-lasting impact on an individual’s ability to obtain credit. Homeowners need to get the facts before making critical decisions that will impact their lives for many years to come. In this series of seven articles, I’ll be examining each of [...]

[[To read the full article, you can click on the article title above, or visit my site at http://www.lindaferrari.com ]]

The Mortgage Crisis and Your Credit Part Two: Foreclosure

Linda — Thu, 04 Jun 2009 12:00:23 +0000

Foreclosure, Deed in Lieu of Foreclosure, Short Sale, and Bankruptcy can all have long-lasting impact on an individual’s ability to obtain credit. Homeowners need to get the facts before making critical decisions that will impact their lives for many years to come. In this series of seven blogs, I’ll be examining each of these options [...]

[[To read the full article, you can click on the article title above, or visit my site at http://www.lindaferrari.com ]]