Credit Repair Guide Blog

Seventy Five Percent of Modified Home Loans Will Default

biffster — Mon, 28 Jun 2010 13:34:06 +0000

Most borrowers who have had their mortgages modified through a government-sponsored program will redefault within 12 months, according to a report released Wednesday.Between 65% and 75% of loans that are modified through the Home Affordable Modification Program but not backed by the federal government are likely to go bad, according to the report released by [...]

Home Loan Modification

biffster — Mon, 26 Oct 2009 14:53:00 +0000

Now it appears that where coming out of the economic slump people have a lot of questions regarding their mortgages, is it a good time to buy a home etc. this is probably the best time to do a loan modification. However, be wary of the many scams that are in the market place to [...]

Credit Repair Tips

biffster — Tue, 21 Jul 2009 23:56:06 +0000

Your credit is very important. While it may seem not to matter in your day to day life, the moment you need to buy a big purchase like a car or a house, or even just apply for a new credit card, your credit score can save you a lot of money… or cost you [...]

You Can Still Do It Yourself!

biffster — Fri, 15 May 2009 05:02:09 +0000

More Americans are facing credit repair issues as credit card rates go up and credit limits are slashed. FICO scores are plummeting and many people are losing access to the credit they need. When collection letters and dunning calls begin, you are in the middle of a personal credit crisis. A troubled credit situation will [...]

Fresh Start Credit Repair

biffster — Mon, 16 Mar 2009 04:27:23 +0000

While I’m a big proponent of “do it yourself” credit repair there are some legitimate credit repair companies. The following is an example of an honest credit repair company. I will not benefit in any way if you chose to use this company. Remember if you have the time and persistence you can “do it [...]

Credit Rules Relaxed For New Home Buyers

biffster — Sun, 08 Mar 2009 17:56:21 +0000

New construction permits fell 30% in 2008 Local builders and realtors say residential real estate is currently a “buyer’s market,” but the high volume of foreclosures over the last year and a half has made getting a home loan, especially for first-time buyers, next to impossible. Still, with federal tax rebates on the way and [...]

New Financial Stability Plan?

biffster — Wed, 11 Feb 2009 00:42:42 +0000

Today, as the United States Senate votes on a bipartisan plan to stimulate our economy and create jobs and invest in our middle-class families, we’re going to hear Treasury Secretary Tim Geithner lay out the administration’s long-term, comprehensive framework to lead our nation back to economic recovery. The framework will require swift and concerted [...]

Improve Your Credit Score

biffster — Wed, 07 Jan 2009 21:24:38 +0000

Improve Your Credit Score Many of you have asked me for the “How To” of credit repair. Well, here it is! There are so many infomercials and ads around lately offering to ‘fix your credit’ or improve your credit score it’s difficult to know who’s offering a helpful service and who’s just out to take [...]

What to expect on your credit in 2009

biffster — Thu, 25 Dec 2008 17:05:07 +0000

Protect Your Identity! The following is a story from one of our contributors. There is some very good information about the new paradigm shift in how we spend money and use credit. 2009 is sure to be a watershed year for how we make, spend and save our money. Particularly, the world of credit is [...]

Subprime cards, used wisely, offer path to better credit

biffster — Mon, 08 Dec 2008 05:13:21 +0000

Protect Your Identity! More than 70 million people in the United States qualify for subprime cards, according to an August 2008 study. While most people wisely avoid these cards — which feature low credit limits, high annual fees and sky-high annual percentage rates — they are one of the best ways for consumers to establish, [...]