#creditscore

omegafinancialinco

Get Your Debt-To-Income Ratio in Line

One crucial financial task to complete before you buy is to improve your debt-to-income ratio. What Is Debt-To-Income Ratio? Your...

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Mortgage FAQ: How Does Transferring Credit Card Balances Affect My Credit Score?

"I RECEIVED AN OFFER IN THE MAIL TO TRANSFER MY EXISTING CREDIT CARD BALANCES TO A NEW CREDIT CARD WITH A LOW INTEREST RATE. IF I DO...

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The 6 Biggest Mistakes You Can Make When Getting a Mortgage

Getting a mortgage is likely to be the biggest financial transaction that you’ll ever make. In order to get (and keep) a mortgage...

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Mortgage FAQ: How Does the Equifax Data Breach Affect My Credit?

For more information on the Equifax data breach, visit Equifax’s dedicated website at https://www.equifaxsecurity2017.com or talk to your mo

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Mortgage FAQ: Will an "Authorized User" Credit Card Show Up in a Credit Report?

"WE HAVE A CREDIT CARD IN OUR NAME THAT OUR DAUGHTER IS ALSO AUTHORIZED TO USE (IN CASE OF AN EMERGENCY). SHE’S GETTING READY TO BUY HER...

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10 Ways to Boost Your Credit Score Now If You're Buying Next Spring

Spring may seem like quite a ways off, but if you’re looking to buy in 2017—and your credit isn’t as good as it could be—you should start...

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Mortgage FAQ: How Much Will One Late Payment Hurt My Credit Score?

"I’VE BEEN TRYING VERY HARD TO IMPROVE MY CREDIT SCORE, BUT I SLIPPED AND WAS LATE ON ONE OF MY BILLS. HOW MUCH WILL ONE LATE PAYMENT...

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Mortgage FAQ: Are FICO Credit Scores Going Away?

"I RECENTLY READ THAT FICO CREDIT SCORES MAY NO LONGER BE USED IN THE FUTURE. INSTEAD, LENDERS WILL BE USING ALTERNATE SCORING MODELS. IS...

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Tax Time: Can Your Income Taxes Affect Your Credit Score?

With the April 15th tax deadline quickly approaching, now is a good time to answer a question that many people may not stop and think...