By JonnyAppleseed July 07, 2014
HORRIBLE EXPERIENCE! Run don’t walk away from this place. Worse lender experience in our life and this is the 6th property we have purchased in our lives. The staff ask for numerous items of information as it occurs to them. No system in place and often when they are reminded by a 3rd party therefore making their request URGENT and a must have within hours. If you hold a full time job or are busy this is NOT the place for you. They will call up in a panic needing something they could have asked you for days ago. Then they will lose things you emailed them. How do you lose emails? We had to send photos of our dogs to prove we owned them and what they look like. We had to submit signed affidavits saying we had access to our funds in our own banking accounts. My credit score is ranked in the top 10% compared to others. I have a professional full-time job so this was not a high risk loan by the way. Then when it was all said and done – they mentioned a gift card and thank you card that they never gave to us. Amazing. ...read more
By sammysmith April 18, 2014
They're scam artists. My rate kept going up. Every single time I went in, I'd have a different rep because they have the highest turnover in that office. I spoke with Lorie, who is rude, hostile, and unhelpful. She barked at me there was nothing she could do to lower my rate and wouldn't even look up from her computer. I ended up comparing my first bill with my latest bill and she had added little things to raise my rate that I never asked for. I called another company who informed me that there was plenty she could have offered me to lower my rate. I wrote a complaint to Rick Limegrover, who never responded! Of course, he already had my money so why would he care? service. ...read more
By Asap Consulting LLC July 28, 2013
Used the friendship of a dying man,to get 25,000 dollarsPromised to pay his wife backHas paid back less than 5k and tells her he owes her nothingThis guy is scum. I will do everything in my power to direct customers elsewhere You should be more careful as to the employees you hireWill be filing a complaint with the Insurance commissioner and District Attorney's office this week. But you should know the kind of employee you have ...read more
What does your score mean? This rating system is meant to develop a snapshot of the risk you currently represent to a lender. Several parameters in your credit file, including length of credit history, number of open accounts, loans, mortgages, public records, and others are formulated to produce a three-digit score between about 300 and 950. There are other scores used by lenders and insurance companies (some of which are developed by FICO速) such as Application and Behavior scores. These other scores take other information into account. Usually a lender will use a combination of your credit score with other factors when determining your risk. They all have the same objective, to determine the borrower's potential risk. Regardless of whether the score was generated by FICO速 or a system based on FICO速 parameters, they all yield an industry standard three-digit score. This score places the borrower in one of three main categories (we named the third one ourselves.) Prime, sub-prime, and shafted Prime If your credit score is above 680, you are considered a "prime borrower" and will have no problem getting a good interest rate on your home loan, car loan, or credit card. Sub-Prime If your credit score is below 680, you are "sub prime", and will likely pay a much higher interest rate on your loan. Shafted Below 560 is the shafted score. At least that is how most lenders and credit issuers perceive it. You can still get a credit card but you will likely be hit with a security deposit or high acquisition fee. In addition to that your interest rate will likely be 22 to 23%. You can forget about most home loans and the majority of new car loans at this score. Below 560 is no place to be. You will pay much, much more in higher interest and unnecessary fees. You may even pay more for your insurance rates. A very low score can even prevent you from getting a job with many companies. If your in this catagory Click Here. How are credit scores calculated? The methods of calculating your credit score may differ slightly depending on the credit bureau. When obtaining your score from one of the Credit Bureaus it is important to understand that your score does not come directly from FICO速. It is adapted to each bureau and is given its own name: Equifax uses "Beacon", Trans Union uses "Empirica", and Experian uses "Experian/Fair Isaac." These scores are also referred to as your "Bureau Scores." Since your score is derived from your bureau data, it will change every time your reports change. However your score is calculated, it will always take into consideration many categories of information. No one piece of information or factor determines your score. As the information in your credit report changes, the importance of one or several factors may change in your score. Lenders look at many things when making a credit decision, including your income and the kind of credit you are applying for. However, your credit score does not reflect these facts as it only evaluates the information retained by the credit reporting agency. To Learn More Click here. What factors affect your credit score? There are five factors which are used in credit scoring calculations that determine your overall credit score. Previous Credit Performance (Payment History) 35% A lender wants to know what your payment history is like. Have you paid everything on time, are you late on anything now, and so on. Your payment history is just one piece of information used in calculating your score, although it can be the very important. Current Level of Indebtedness (Amount Owed) 30% How much is too much? Can the borrower pay me and still afford to pay his other bills? Not necessarily. Having available credit can actually help your ratio of debt to available credit. These are the types of questions that most borrowers want to know and the answers are almost as important as your previous credit history. Amount of Time Credit Has Been In Use (Length of Credit) 15% Generally speaking, the longer the credit history the better your score. However, this factor only makes up 15% of your total score so even young people, students or others with short histories can still score high overall as long as the other factors show good. If you are new to credit than there is little you can do to improve this part of your score. Open an account and be patient. Pursuit of New Credit (10%) Credit is much more popular today. Just look at the number of credit card offers you get via the Internet and in the mail. Consumers can now shop for credit and find the best terms to meet their needs. Each time someone runs a credit check on you, it creates an inquiry. Fair Isaac has changed some of its calculations to account for these new trends. Specifically, they treat a group of inquiries - which probably represents a search for the best rate on a single loan - as though it was a single inquiry (note: this only applies to auto or mortgage loan inquiries.) For example, auto loan inquires that are within 14 days of each other only count as one inquiry. Types of Credit Experience (10%) A healthy mix of different types of credit, installment loans, retail accounts, credit cards, and mortgage. This score is not normally a key factor in determining your score but it can help a close score. Its not a good idea to try and open different types of accounts just to try and make this factor better. It will likely reduce your score in other areas. You should never open accounts you don't intend to use anyway. What type of accounts you have, and how many, can make a big difference. The optimal ratio of installment versus revolving accounts depends on your profile and differs from person to person. One factor that seems to have significant influence is your percent of open installment loans. Too many can lower this portion of your score. For more information Click here. Improving your credit score Now that you know how your score is calculated, you can begin making changes to your current financial planning. The best things you can do are simple. Pay your bills on time. Sounds simple, but this is the biggest thing you can do to keep your score high. Delinquent payments and collections have a major negative impact on a score.Keep your balances low on unsecured revolving debt like credit cards. High outstanding balances can affect a score.The amount of your unused credit is an important factor in calculating your score. You should only apply for credit that you need.Make sure the information in your credit report is correct. If its not, dispute it with the credit agencies and/or with the creditor directly.Removing negative items on your credit reports has the biggest impact on your credit score. Generally, negative items stay on your reports for seven years but you can hire a professional credit report repair service such asLexington Law Firmto do it for you.You can try to understand the laws and your self, but we have found it's so much easier to have someone do it for you. We strongly recommend usingLexington Law Firm, they are the industry leaders. ...read more
By Consumer Credit Counseling Service 1-800-254-4100 April 19, 2011
College can be expensive and this can prevent many people from continuing their education. However there are many programs and loans designed to help people afford college through financing. If you have bad credit, you will need to find special loans and lending options that are designed for you. ...read more
Furniture is often expensive a usually require and loan or credit card to finance it. If you have bad credit, it may be hard to obtain this funding. Many furniture stores will allow people with bad credit to finance the furniture through the store. Visit several stores to find out what your financing ... ...read more