Protect Your Good Credit

In 2003, congress passed a law for Fair and Accurate Credit Transactions entitled Financial Literacy and Education Improvement. This law called for the establishment of the Financial Literacy and Education Commission. The Commission established and sponsors/hosts the website www.mymoney.gov. This website is essentially an index or a collection of links to other Departmental websites containing […]

For the last several months, I have been talking with a number of consultants, industry experts, legislators, regulatory agencies and members of Congress about the current credit crisis.  With the hope of providing you with a better understanding of the crisis, how it’s progressing, how it could affect you and resources that are available to […]

Whether it’s a personal dilemma, such as whether to change your job, a relationship, your address or a life challenge such as serious illness, unexpected unemployment, or death of a loved one, we make dozens of decisions everyday that can positively or negatively affect our credit history. Only after a traumatic event, which results […]

A reported 35% increase in recent foreclosure fillings may be a result of many homeowners feeling the squeeze of increased payments as their adjustable mortgage rates went up. Hybrid ARMs with interest-only and/or flexible payments options have allowed many homeowners to keep payments unrealistically low while increasing their overall mortgage debt. Unpaid interest […]

For some time now, my credit report provider has offered a service to correct and re-score a credit report within 5 to 10 business days. Considering if you attempt to get your report corrected of some error or derogatory credit by trying to work with the credit bureaus themselves, you might get your credit score […]

Routinely couples, whether married or just in a commited relationship, will come to my office to apply for a mortgage and only one of the parties present is aware of the “family” finances and credit history. Or, one member of the couple will come in to get the process started because of work or scheduling […]

Protecting yourself from identity theft is important for anyone, but, for soldiers that are on active duty and serving far from home, it can be extremely difficult. Many of the day-to-day financial responsibilities 0f soldiers on deployment must be turned over to spouses, family or trusted friends. Now, however, worry that their credit […]

Have you checked the credit limit being offered to you on your credit cards? If you haven’t, you should.
Most credit card companies issue cards with a certain credit limit based on your credit rating at the time of application. As time goes on, if your credit rating remains good and your […]