Changing careers can make getting approved for credit more difficult. Be prepared! Borrowers who are transitioning careers may find that it’s more difficult to get credit unless they plan for the “in-between” phase. That phase can take the form of moving from college to a new career, making the switch between military and civilian life, or even retiring from the
Last month we covered the pros and cons to filing bankruptcy. For those who have filed bankruptcy in the past (or recently) it’s good to know what it takes to get approved for a new mortgage loan. The first thing potential loan applicants should know is that the answer depends greatly on several factors, but one of the most important ones
There are pros and cons to filing for bankruptcy. Don’t do it before educating yourself! In cases where it may be necessary to consider filing bankruptcy, it’s a very good idea to weigh the pros and cons of doing so before committing to it. There are some popular misconceptions about bankruptcy, and some not-so-well-known things about filing you should be
Waiting for collections to fall off of your credit report seems like a great option. But there are pros and cons. There are three major credit reporting agencies: Experian, TransUnion, and Equifax. They may be separate agencies, but they do the same thing-provide a record of credit histories and activities to both consumers and lenders. Negative accounts remain on file
Lenders don’t just look at credit scores. They also look at your debts. When filling out a major credit application, the lender checks your FICO scores. Your scores aren’t the only factor that can affect your application. Your credit history, the amount of debt you have, and the nature of it are also important. Too much credit card debt
Identity theft can hurt your credit score. Identity theft can be a serious problem for those trying to apply for new lines of credit. Many people don’t learn about identity theft problems until they decide to review their credit reports ahead of a loan application. Fixing these issues takes time, which is why it’s best to review your credit information
The Option Period Can Help You Avoid Making a Bad Home Buying Decision. Last month we covered the benefits of hiring a realtor. By now, you should have a home picked out and your realtor should be preparing an offer. Included in your offer will be an option period. Purchasing a home can be a great long term investment. The
The advantages of buying and owning a home are numerous, and some of them aren’t as obvious as you might think. Purchasing a home is a big move in terms of your credit rating and credit history. The borrower who gets approved for a mortgage loan and makes all payments on time establishes themselves as a good credit risk, but
There are a variety of financial benefits associated with purchasing and owning a home. Some of the most basic aspects of buying and owning a home can be financial advantages if you know how to use them. The interest on your mortgage can be a tax write-off! For example, did you know that depending on circumstances, you may be
Credit card debt is an important factor in your overall credit health. NASDAQ.com says overall consumer debt is calculated at $3.34 trillion for 2015 alone, and the amount of debt on credit cards (“revolving debt”) that year was approximately $884.8 billion. If you’re looking for ways to manage your credit card obligations, you’re clearly not alone. But how do you
At MSI Credit Solutions, we understand that effective communication with creditors can significantly impact your financial standing. Negotiating with creditors is not just about resolving outstanding issues; it’s about taking control of your financial narrative. Here are some valuable tips to guide you through successful negotiations and potentially improve your credit terms.
At MSI Credit Solutions, we understand the significance of this financial safety net and its impact on your overall financial well-being. Let’s explore why having an emergency fund is not just a recommendation but a key component of your financial toolkit.
Today, we’re diving into a crucial aspect of credit health – the often overlooked but powerful factor known as “credit mix.” At MSI Credit Solutions, we understand that a well-balanced credit profile can significantly impact your credit score. Let’s explore the ins and outs of the credit mix and how you can leverage it to boost your credit score.
Reality: Credit repair is a process, not an overnight solution. Legitimate credit repair involves assessing your credit report, disputing inaccuracies, and implementing sound financial practices. It takes time to see significant improvements.
Today, we’re here to debunk some of the most common credit repair myths and provide you with accurate insights to empower your financial journey. Myth #1: Credit Repair is a Quick Fix
Reality: Credit repair is a process, not an overnight solution. Legitimate credit repair involves assessing your credit report, disputing inaccuracies, and implementing sound financial practices. It takes time to see significant improvements.
¡Saludos de MSI Credit Solutions! Hoy nos embarcaremos en un viaje por el mundo de las tarjetas de crédito garantizadas. Ya sea que sea nuevo en el crédito o esté reconstruyendo su puntaje, comprender los pros y contras de las tarjetas de crédito garantizadas es un paso fundamental hacia el empoderamiento financiero.
Secured credit cards are valuable tools on your journey to credit success. At MSI Credit Solutions, we’re here to guide you through the intricacies of credit building. With the right knowledge and strategic financial moves, you can navigate the world of secured credit cards and pave the way to a stronger credit future.
A medida que los estudiantes se embarcan en el viaje de la educación superior, a menudo luchan con la intersección de los préstamos estudiantiles y el crédito. En MSI Credit Solutions, entendemos el papel fundamental que juega el crédito en la formación de futuros financieros. En esta guía completa, profundizamos en la intrincada relación entre los préstamos estudiantiles y el crédito, brindando información, estrategias y consejos de expertos para capacitar a los estudiantes y graduados en su camino financiero. ¡Prepárate, porque esto es largo!
Greetings from MSI Credit Solutions! In today’s blog, we’re unraveling the mysteries behind credit inquiries and their influence on your credit score. Let’s delve into this crucial aspect of credit management.
What are Credit Inquiries?
Credit inquiries occur when a third party, such as a lender or creditor, checks your credit report. There are two types of inquiries: soft inquiries, which don’t affect your credit score, and hard inquiries, which can.
We’re diving into the world of credit cards – those handy financial tools that can either be your best ally or a potential pitfall if not managed wisely. Let’s explore the dos and don’ts of credit card usage.
In this comprehensive guide, we delve into the intricate relationship between student loans and credit, providing insights, strategies, and expert advice to empower students and graduates on their financial path. Buckle in, because this is a long one!
At MSI Credit Solutions, we understand that the burden of debt can weigh heavily on your financial well-being. That’s why we’re excited to share an effective strategy that can help you break free from the shackles of debt—the Snowball Method. In this blog post, we’ll explore what the Snowball Method is, how it works, and why it can be a game-changer for those striving to achieve financial freedom.
A well-crafted budget empowers you to break free from the paycheck-to-paycheck cycle. It allows you to allocate funds for future goals, and emergencies, and, most importantly, to enjoy life without constant financial stress.
MSI Credit Solutions leverages your consumer rights and works on your behalf to remove questionable negative items from your credit report, which increases your credit scores.
© All Rights Reserved.