Posts Tagged 'credit score'

How Credit Works

Here’s “what we should have learned in school” about credit.  Without this information, you’ve probably wasted thousands of dollars, or worse.  Now you’re about to learn exactly how your creditors have been taking advantage of you this whole time, and how to flip the tables to win the credit game.  This unique info is unlike [...]

22 December 2009 at 07:11 - Comments

Debt Settlement Advice – For People With High Credit Scores

Let’s start with your situation… The fact that you have high credit scores and have not fallen behind means you have something to lose (your perfect payment history) if you choose debt settlement. But, let’s first get clear about exactly how your credit will be affected, because along with the negative impact to your payment history, the [...]

14 July 2009 at 07:00 - Comments

Credit Tips – Third Leg: “Debt-To-Credit-Limit” Ratio

Welcome to the third and final piece of the credit puzzle… You’re just about to completely understand “How Credit Works” and gain an exact understanding of where your credit is right now.  This will help you make your best choice to be debt free ASAP by understanding how each option to get out of debt will [...]

27 January 2009 at 07:27 - Comments

Credit Tips – Second Leg: “Debt-To-Income” Ratio

The second leg of my World-Famous “Three-Legged Stool” Analogy of “How Credit Works” is your “debt-to-income ratio”. “DTI” as they call in the mortgage industry. If you’ve ever gotten a mortgage or refinanced your home, then you know the mortgage folks are very interested in your debt-to-income ratio. Remember, debt-to-income ratio is the amount of money that [...]

20 January 2009 at 07:22 - Comments

Credit Tips – First Leg: Payment History

If credit is like a three-legged stool, then the first leg of your credit is your “payment history.” Payment history is simply a record of how well you’ve made your payments; if you’ve been on time or if you’ve ever been late. Payment history is the most common factor people think of in regards to [...]

13 January 2009 at 07:31 - Comments

Credit Tips – World Famous “Three-Legged Stool” Analogy

I’d like to give you my world famous “three-legged stool” analogy to help you forever understand credit easily. There’s a lot of information out there about credit. You can get into a lot of complexities, but this little analogy is going to make it very simple to see where you’re at now, and how each different [...]

6 January 2009 at 07:30 - Comments