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Qualifying for a Conventional Home Loan: What Do You Need? - Leaf Credit Solutions

Leafcreditsolutions10 May, 2022Finance

After the huge mortgage bubble burst in 2008, getting a mortgage was very difficult for a number of years. Thankfully, banks and other lending institutions have loosened the reigns a bit so that more people today can qualify for loans. But, that doesn’t mean getting a mortgage is easy. You still have to meet certain qualifications to get a home loan.

What are the factors that impact your credit score? - Leaf Credit Solutions

Leafcreditsolutions28 Apr, 2022Finance

Are you annoyed with your poor credit score? Then this article will help you solve your credit problems. In this article, we’ll explore some of the important factors that affect your credit score. Let’s first begin with a basic understanding of your credit score.

Three Reasons Why Paying Off Collections Will Damage Your Credit Score - Leaf Credit Solutions

Leafcreditsolutions28 Apr, 2022Finance

Many Americans believe that paying off their collections is the best way to improve their credit rating. However, according to Aazim Sharp, president of Leaf Credit Solutions, Bloomfield, New Jersey, the opposite is true. Sharp contends that what collection companies don’t want consumers to know is that paying off your debt can damage your credit score. Here are his three reasons why: First, when a consumer starts to pay off a collection, it updates the Statute of Limitations (SOL) on that debt. Every account you owe money on has an SOL, the timeframe of how long by law a creditor can collect on that debt. The SOL varies based on the state where you live or the state in which you acquired the debt. It also varies based on the account type. You must take the services of credit repair companies, to ensure that you have the right guidance to take the right decision for the long term credit health.

Credit Repair – 4 Steps You Can Use To Fix Your Credit, If You Have The Time, Patience, Persistence

Leafcreditsolutions27 Apr, 2022Finance

If you have bad credit, I actually have good news for you. Contrary to what you might have been told, negative items aren’t required to remain on your credit report for 7 to 10 years. The Fair Credit Reporting Act states that all items on your credit report must be reporting 100% accurately, be 100% verifiable, and reporting in a timely manner. If the account being disputed doesn’t meet all three requirements that I just mentioned, it must be corrected or removed. Yes, you heard me right, even if you defaulted on a loan, by law it can be removed if it isn’t accurate or verifiable. The other good news I have for you is that over 79% of credit reports contain errors, which means that those bad accounts that are killing your credit score, stand a great chance of being removed if disputed properly. You just need the best credit score repair service to understand what is incorrect on your report and to take guidance on raising disputes appropriately.

What is a Bad Credit Score? - Leaf Credit Solutions

Leafcreditsolutions27 Apr, 2022Finance

Your credit score is one of the most important numbers of your adult life. It affects everything you do as an adult. If you have a high credit score, then you’ll often pay a lower interest rate. On the other hand, if you have poor credit, then you could be denied loans, pay more for housing deposits, not get a job, and more. That said, many people don’t know precisely what a bad credit score is or even how to start with bad credit repair. To make matters more complicated, there are two types of credit scores.

What is Credit Repair? - Learn About Credit -Leaf Credit Solutions

Leafcreditsolutions27 Apr, 2022Finance

Did you recently look at your credit score only to find out it’s not as good as you thought? Maybe you were denied for a loan or credit card only to learn your credit score is what many would think of as “bad.” The next step was learning what you could do. Credit repair – something that kept popping up when you searched for “how to fix your credit” or “how to improve your credit.” The next question, what does that even mean? What Does Credit Repair Mean? According to the Cambridge Dictionary, credit repair is “the process by which a person or business improves their ability to borrow money…” That’s almost the simplest way to answer the question. However, “the process” is, in reality, a long set of steps that involves learning, taking action, and building a better financial history.

Best Credit Cards for Building Bad Credit - Leaf Credit Solutions

Leafcreditsolutions25 Apr, 2022Finance

One of the best ways to build credit aside from paying off loans each month is to have a credit card, use it, and pay it off each month. This all starts with getting the best bad credit credit card you can. This might sound hard for those who already have bad credit but it doesn’t need to be. Let’s dive in before we talk about the best cards for bad credit.

Top Five Ways to Build a Credit Score - Leaf Credit Solutions

Leafcreditsolutions25 Apr, 2022Finance

If you’re looking to improve a bad credit score, you’ve already taken the first step to better interest rates, fewer calls from collection agencies, better loans, and overall good credit. The hardest step is sitting down for the research to get started. From there, all it takes is landing on a blog like this one to get started. As such, we’re here to tell you the top five ways you can get started in building your credit score at home. Keep in mind, while a credit score can fall fast, most ways of building it take time.

10 Credit Myths That Cause Financial and Emotional Harm - Leaf Credit Solutions

Leafcreditsolutions21 Apr, 2022Finance

Credit myths are common but you should be careful about what you listen to. When hearing information about credit, how do you know if it’s true? Almost every opportunity for financial security, success, and status is connected to your credit report. At some point, you’ve probably heard myths about credit, the myths you heard can cause you serious credit problems and prevent you from having good credit. Today I will point out some common credit myths and misconceptions about credit. Information that you most likely thought was facts but isn’t true.

Can you repair your credit score quickly before buying a house? - Leaf Credit Solutions

Leafcreditsolutions21 Apr, 2022Finance

If you have decided on buying a house then you should remember some important points that are inevitably attached to your decision of buying your dream home. The key point that you should be aware of is you have to manage your credit score well before going to purchase a house. Why is a credit … Can you repair your credit score quickly before buying a house? Read More »