7 Smart Tips For First-Time Homebuyers
Did you know that applying for a home loan with weak credit can lead to higher interest fees, and smaller loans? Leverage properties such as Credit Karma or myFICO to know where you credit stands.
The Hidden Costs of Bad Credit
This is because, as Ken Lin, CEO of Credit Karma.com points out, the minimum credit score requirement for a conforming loan - one that meets the terms and conditions determined by beleaguered mortgage giants Fannie Mae and Freddie Mac - is 620.
Card Debt Down 15% Nationally; Credit Scores Slip
Credit card debt among consumers with at least one account dropped 15% nationally in February to $7,168, with every state lowering its credit card debt, according to CreditKarma.com, a San Francisco-based company that tracks credit scores and household debt.
CreditKarma: Hawaii residents shed credit card debt
Hawaii residents reduced their credit card debt by $590 on average in February, according to consumer credit advocate CreditKarma.com.
Credit card debt down 15%, but credit scores are worse
CreditKarma in San Francisco, which tracks such things, said nationwide average credit scores are down four points from a year ago. A lower credit score is worse.
Florida credit scores fall
The credit scores of Florida consumers fell in February, according to CreditKarma.com.
Want Just A Credit Report From TransUnion? Too Bad
While visiting Credit Karma today to renew my score I noticed my score had gone down.
Credit Q&A: Will a Disputed Bill Hurt My Score?
According to Ken Lin, CEO of Credit Karma.com, if you are disputing a specific merchant charge, most credit card companies will exclude that item from payment until the issue is resolved.
Extreme Credit Repair: Why It Doesn’t Work
Ken Lin, CEO of Credit Karma, says, "Credit repair scams operate on loaded taglines designed to lure desperate, poor credit consumers."
Credit CARD Act: One Year Later, How’s It Going?
"New fees have emerged as a way to make up revenue, including foreign transaction fees, inactivity fees and minimum finance charges," says Ken Lin, CEO of Credit Karma, which offers free credit scores.