May 28, 2015
As far back as I can remember, Fannie Mae’s DU system has been incorrectly reading one of the repositories codes for a “settled for less than full balance” account as a FORECLOSURE! There by unfairly punishing former home owners who made attempts to sell their home at a loss, rather than just walk away and go...
May 26, 2015
How many points does a credit inquiry lower your score?
Recently, data was released stating the true impact an inquiry has on your score and it showed that 57% of people’s scores are not affected at all. In fact, only 4% of consumers lose more than 20 points in their FICO scores because of a creditor pulling their...
May 25, 2015
This is another clip from my speech at Eastern Michigan University. I cover how Trans Union, Equifax and Experian were created. I discuss how Guy Woolford was the father of the modern credit industry. How the two richest...
May 21, 2015
May 20, 2015
This time we are going to talk about about Credit Card VS. Debit Card and the recent data breach, which one is better and which one you should stay away from. You may have heard about the retail security breach where somebody clearly from the inside stole all the pin numbers,...