10 Smart Steps to Buying a HomeWhen getting ready to purchase your first home, there are smart steps you should take to get the most out of your money and reduce room for mistakes. Smart Step 1 - Examine whether it is the right time or not for you to buy a home. Determine your budget and personal criteria for what you are looking for in a home to see if you can afford to make the move. Once you have your home buying budget, you need to look at your bank account to see if
What are hard inquiries?When your credit gets pulled, whether from a cellular service provider, a car dealership, a mortgage broker or anyone else, your credit score is going to drop. This is called a hard inquiry; A hard inquiry will hurt your credit scores by 3 to 9 points each and will stay on your credit reports for a couple years. Though there is an exception. If you pull your own reports or scores without the intent of checking eligibility for something, that is called a soft inquiry. If you want to
What You Need to Know About Rent to Own PropertiesWhat is rent to own? When in a rent to own agreement, the owner of the house is agreeing to sell the house on the market to the buyer at some point, but not immediately. The person trying to buy the home would be renting every month and paying additional dues towards lowering the price of the house. Once the agreed time comes for the buyer to choose whether they want to own the house, they need to decide. It’s not forced, so there are some pros and cons to this. Pros:
Identity TheftWhat is Identity Theft? Identity theft is the use of another person’s identification, usually with the goal of taking unauthorized financial advantages. The victim of identity theft is held responsible for the perpetrator’s actions. If you’re a victim and are unsure of what step to take next, we not only dispute all your negative items every round, but we can help identify the problem and fix the issues on your credit reports too. Identification misuse also
3 Common Questions About Collections
- Is a paid collection better than an unpaid collection?
- Whether you pay a collection or not, it will still be on your credit reports for at least seven years, unless it gets disputed off otherwise. The only benefit of paying off a collection is that once it is deleted, it cannot come back onto your credit reports. It is not common for collections to come back after being successfully deleted, but it happens from time to time.