7+ Credit

CREDIT REPAIR TIPS 1. Get a copy of your credit report.  You can get a free copy from annualcreditreport.com or you can sign up for a credit monitoring service like www.creditchecktotal.com. 2. Look for inaccurate or outdated information on your credit report and get them removed by disputing them.  100 Percent Financed offers credit restoration where we will dispute negative and inaccurate items on your credit report.  Click Credit Restoration to register and get for more information. 3. Become very familiar with all the information on your credit report, so if you happen to speak with a creditor, you won’t be caught off guard. 4. Know your rights!  Read the Fair Credit Reporting Act. 5. Fill out your Personal Financial Statement and see where you can free up some extra cash to pay down revolving debt.  You want your Debt to Credit ratio to be 30% or less.  As an illustration, if you have a $10,000 credit card, keep your balance less $3000 to bo...

Home Credit repair Credit repair Credit restoration using top credit repair companies     0 You’ve probably come across numerous ads that promise to solve your bad credit problems. Can credit companies really fix your bad debt or are their catchy ads just the usual marketing gimmicks to ensnare customers? Honestly, majority of credit restoration ads on the internet are from legitimate companies. However, credit repair services have existed for several decades and employ legal means to either restore your money or increase your credit rating. Credit repair and credit restoration companies do not use magic as implied from the internet scams. When to use credit restoration? 1.  In case of legitimate faults on your credit report The major work of all credit repair and restoration service is to get rid of errors on your credit reports. Such errors might range from simple errors in your private information to errors in reporting to creditors. A si...

Why You Need an Emergency Fund And How to Get One Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, and more than half would have trouble coming up with $1,000 on short notice. That lack of savings puts them at risk and makes achieving long-term financial goals much more difficult. Building an emergency fund is a critical first step on the road to financial security. Many people think that they do not make enough money to build an emergency fund, but even low-income workers can set money aside if they take the right steps. Take Note of Daily Expenses You may think you have no extra money to build an emergency fund, but those extra dollars could be hiding in plain sight. Take a few minutes to review your normal daily expenses, from that morning cup of coffee and lunch with coworkers to daily parking charges and the take-out...

The biggest misconception among renters is that a large down payment is necessary to buy a home.  Then many will rent for an extended period thinking that a home purchase is unreachable.  A recent article by Citylab, “ The down payment is too ‘daggum’ high”  explained it well.  It explains how many renters cite lack of funds to cover the down payment as the top reason not to buy.  But actually there are some great no down payment mortgage options available to many.  Even other programs with small down payment requirements allow gifts from family and other sources.  On top of that, lending agencies have relaxed guidelines for how student loan payments are treated.  Often student loan debts have caused issues for younger buyers.  Therefore restrictions born from the economic downturn are loosening.  So why are you still renting or living with family? “Restrictions born from the economic downturn are loosen...

A recent USA Today  article  stated “Americans now have more than $1.4 trillion in unpaid education debt, according to the Federal Reserve”.  Average  student loan debt  for 2015 graduates in North Carolina is $25,645.  Plus many graduates have so much more.  It is not uncommon for a buyer to owe $50,000 – $100,000 or more.  This is a serious hindrance when it comes to buying a home.  But lately lending agencies have started loosening guidelines to help homebuyers.  Fannie Mae student loans are the latest to treat student loan payments differently.  Therefore, Fannie Mae released very flexible and lenient ways to help homebuyers with  student loan debt . Fannie Mae Student Loans Simplified to Help Buyers It is better late than never that  Fannie Mae  allowed for easier mortgage qualification with existing student loan debt.   VA loans  and  Freddie Mac conventional  loans alre...

Military buyers have a huge benefit when it comes to purchasing a home.  Not only do service members have a no down payment option, but VA loans may be the best mortgage available.  VA loans offer up to 100% financing with no monthly mortgage insurance.  Thus, this feature keeps mortgage payments low.  This is especially true when comparing to other low to no down payment loan types.  So if interested in buying a home while in the service, it is important to understand the  VA  home loan process. VA Home Loan Process Although a VA loan doesn’t require a down payment and has such great terms, we feel education is key.  We are not just an online company or call center type lender.  Conversely, your loan officer thoroughly discusses your loan options and goals so that you are a knowledgeable and happy buyer.  A VA loan process can be very simple, but we are including very detailed information below. Gather: Disc...