How is a Credit Score Calculated?

DO YOU KNOW HOW YOUR CREDIT SCORE IS CALCULATED?  The following 5 areas of credit score calculation percentages deserves your very best attention! Credit scores or a lack thereof of the highest score you're able to have will influence your mortgage life more than just about anything.Check out "CREDIT & YOU" on the top tab on this page to learn more about credit scoring!   Still have questions?  We have answers to share!  Give us a call at 901-388-1588...we're here for you.

October 17th, 2016 | Credit Scores, How is a Credit Score Calculated?

What's Your Memphis, TN Credit Score?

What's Your Tennessee Credit Score?Your credit score (aka FICO score) is more meaningful today than ever in qualifying for a great interest rate on your mortgage.   It informs a Lender how likely you are to pay back a loan and do it in a timely manner.  FICO scores range from 350 to 850.   The higher your score the lower the interest rate.  See how your State stacks up. 

August 13th, 2015 | Credit Scores, What's Your Memphis, TN Credit Score?

Big Changes to Credit Reports Are on the Way

Big Changes to Credit Reports Are on the Way: What It Means for You  Credit.com By Christine DiGangi - May 21, 2015 11:50 AMAttorneys general in 31 states have reached a $6 million settlement with the major credit reporting agencies Equifax, Experian and TransUnion to make changes in the way they address errors in consumer reports and how some negative information is added to credit reports. The agreement is very similar to one announced March 9 by the attorney general of New York. The Consumer Data Industry Association, which represents the bureaus, says the new settlement is just more ...

May 22nd, 2015 | Credit Scores, About your Credit!, Big Changes to Credit Reports Are on the Way

Credit Cards MAY Help!

Steps To Improve A Credit Score Using Credit CardsGet a credit card if you don't already have one.Pay down your credit card.Use your credit card sparingly.Check your credit limits.Request higher credit limits.Verify any negative remarks on your credit report.Request a goodwill deletion of any negative remarks.

November 22nd, 2014 | Credit Scores, Credit Cards MAY Help!

Build Your Credit Scores!

Robert T Lord - Patricia A AllenCredit Score Building!Over the last 10 years a three digit number known as a credit score have become very important in a consumer's personal and financial life.  It will determine if you qualify for a home mortgage, what your interest rate will be on a vehicle loan and even for new employment or a job promotion.The sad fact is that 25% of all credit reports have a mistake(s) that may impact the credit score due to improper reporting by creditors. Many times a collection account will report multiple times for the same account. So it is up to the individ...

September 30th, 2014 | Credit Scores, Build Your Credit Scores!

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Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 |
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1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134