MORTGAGE LATES ON YOUR CREDIT REPORT So many of you are facing the reality of being late on your mortgage payment and how it has affected your credit scores. I personally know of folks that had pristine (700) beacon scores, but when there adjustable rate mortgage increased, they could not afford the increased payment. … Read more
Many times in life, things happen beyond our control. The same happens with our finances all the time. Many people would love to pay their mortgage on time and never have a late mortgage payment and keep a perfect credit score, but problems can happen to anyone at anytime. Knowing how a late payment affects … Read more
The following is a pattern to write a letter to send to the person or company you are in debt to. Hector Milla Editor of the “Credit Card Debt Counseling” website — http://www.CreditCardDebtCounseling.biz — pointed out; “…To Whom It May Concern, The purpose of this letter is to inform (credit card company) of my current … Read more
Late payments that show up on your credit report hurt your credit score to varying degrees. Even though it seems that all late payments are the same, this is not true. There is one late payment in particular that could ruin your credit for a very long time! Whether it is a late rent payment, … Read more