How "The Cares Act" Changed Credit Reporting FOREVER?
TheCreditGuyTV Podcast
The CARES Act Section 4021 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, amended the Fair Credit Reporting Act The “covered period” is either period beginning on January 1, 2020, and ending on the later of (i) 120 days after the enactment of the CARES Act or (ii) 120 days after the termination of the national emergency declared on March 13, 2020. Under the new subsection, [I]f a furnisher makes an accommodation with respect to 1 or more payments on a credit obligation or account of a consumer, and the consumer makes the payments or is...
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The Problem with Experian Boost® no one is talking about #credit #creditscoring
TheCreditGuyTV Podcast
The Problem with Experian Boost® no one is talking about #credit #creditscoring
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Did We Change the Credit Industry?
TheCreditGuyTV Podcast
Subscribe http://www.youtube.com/subscription_c... For more free information on credit and credit scoring check out my blog at http://www.thecreditguy.tv Join me on LinkedIn at http://www.linkedin.com/in/thecreditg... Follow me on Twitter at http://www.twitter.com/TheCreditGuyTV Like the Facebook Page http://www.facebook.com/TheCreditGuy Follow my Pinterest board http://www.pinterest.com/thecreditguy
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Credit Score Dropped for No Reason?
TheCreditGuyTV Podcast
Subscribe http://www.youtube.com/subscription_center?add_user=sullythecreditguy For more free information on credit and credit scoring check out my blog at http://www.thecreditguy.tv Join me on LinkedIn at http://www.linkedin.com/in/thecreditguytv Follow me on Twitter at http://www.twitter.com/TheCreditGuyTV Like the Facebook Page http://www.facebook.com/TheCreditGuy Follow my Pinterest board http://www.pinterest.com/thecreditguy All Material included in the presentation, class, video or website is protected under copy write law and the property of Hammer it Out LLC. No portion may be used...
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4 ways to get your offer accepted
TheCreditGuyTV Podcast
4 ways to get your offer accepted
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Trended Credit Data Fannie Mae Update
TheCreditGuyTV Podcast
Trended Credit Data Fannie Mae Update
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April 16th 2018 TransUnion Stops Reporting Tax Liens
TheCreditGuyTV Podcast
Transform Your Credit https://www.amazon.com/Transform-Your-Credit-Financial-Freedom-ebook/dp/B078VV42ZD
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Your Credit Score could cost you 5K a year in extra insurance costs
TheCreditGuyTV Podcast
Your Credit Score could cost you 5K a year in extra insurance costs
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Transform your Credit
TheCreditGuyTV Podcast
https://www.amazon.com/Transform-Your-Credit-Financial-Freedom-ebook/dp/B078VV42ZD
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How to handle collections with FICO®5 vs FICO®9
TheCreditGuyTV Podcast
Should you pay off to old medical collections or let it fall off naturally? I had a question come in from James he said he had two medical collections 1 from 2014 and 2016. Both for less than $200 and his credit goal was to generally improve his credit. James did not have a new mortgage application or any large loans coming up shortly.
info_outlineThe USA Today story implied that young people may not understand how credit works but it has more to do with what generation has the longest credit history. Younger generations have lower credit scores because they don’t have the opportunity to have a 20 or 30-year-old credit account. If a consumer has never been late and they have a credit card that is two years old vs someone that has a 30-year-old credit card; the person who has the 30-year-old credit card is going to have a higher score.
If the older person has missed payments has collections on their credit or public record then obviously they are going to have a lower credit score. For the most part, people pay their bills on time, just having a longer credit history is going to give consumers a better score.