Is Credit Repair Assistance Needed For Your Home Ownership Dreams?

Is Credit Repair Assistance Needed For Your Home Ownership Dreams?

I went to a fascinating lunch n learn meeting today, courtesy of Sun Street Mortgage and Mike Jones, who brought in Mr. Chris Kumerow, Regional Account Manager for Continental Credit.

Just a few highlights from the meeting:

• Regarding the three credit bureaus:  TransUnion, Equifax, Experian -  80% of all credit reports contain errors that can negatively affect your credit rating.
• Online credit scores can be inflated as much as 60 points from what your mortgage broker, bank officer, or even car company will find with a hard credit check.
• Use monitor.city.com or privacyguard.com and pay $1 for a more accurate online report and number.
• It's generally a good thing to have two, low balance credit cards over one, with a larger amount owed.
• Foreclosures and short sales may be able to be removed from the accounts that measure your FICO score.

Hoping a new home is in your future but thinking you may need credit repair?  Please give me a call today to put you in touch with the professionals who may be able to help.
My key takeaway:  If you think you may need credit repair assistance - Work with a Finance Officer you trust and utilize with the professionals they recommend.