Archive for the 'Credit Score' Category

How does bankruptcy affect your mortgage approval?

Published by Gina Pogol on May 24, 2011 in Credit Score . 0 Comments

Filing for bankruptcy protection can do some damage to your credit score and put you put of the running with many mortgage lenders. However, bankruptcy can also protect your credit score and help you get a mortgage if you play your cards right. Here's what you need to know.

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Does going over the limit on credit cards give you bad credit?

Published by Gina Pogol on May 16, 2011 in Credit Score . 0 Comments

When you have bad credit, new home loans and refinancings are harder to get. The lower your credit score, the bigger your down payment requirement and the higher your mortgage rate. be careful! When times are tough and you hit the credit cards a little harder, it could lower your credit score.

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Your mortgage can cause credit problems if you're not careful

Published by Gina Pogol on May 11, 2011 in Credit Score . 0 Comments

If you're having money problems and trying to decide who gets paid and who doesn't, you might be wondering how much missing your mortgage payment will hurt your credit score. Here are the facts about mortgage credit problems according to credit scoring company FICO.

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Are FHA home loans for people with bad credit?

Published by Gina Pogol on May 02, 2011 in Credit Score . 0 Comments

You've seen the guidelines saying that you can get an FHA mortgage with a 500 credit score, and you've probably read articles that refer to FHA home loans as "the new sub-prime" mortgage. But the average FHA borrower has a credit score exceeding 700--are these mortgages really available to people with bad credit?

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Home loans for people with bad credit returning!

Published by Gina Pogol on April 07, 2011 in Credit Score . 0 Comments

Read how to get a home loan even if you have bad credit history.

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These 5 common credit report mistakes can cost you

Published by Gina Pogol on March 31, 2011 in Credit Score . 0 Comments

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You can have a bad credit score without ever missing a payment

Published by Gina Pogol on January 20, 2011 in Credit Score . 0 Comments

Recent changes to FHA credit scoring requirements highlighted some of the limitations of credit scoring in underwriting decisions. The problem is that you don't get a good credit score by simply paying your bills on time. You must have the right kinds of accounts and you must have them for a number of years. So ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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Recent Comments

  • Gina Pogol: Yes there is. Check any updates you get in the mail from your card issuer, and look for changes like new fee policies....
  • Gina Pogol: Ye, we heard the phrase "skin in the game" more times than we could count (although one journalist made a valiant...
  • Gina Pogol: FHA allows you to qualify for a mortgage 2 years after a bankruptcy discharge. Keep in mind though that you must...
  • Gina Pogol: Rachel, it's not that hard and fast--paying the smaller ones and letting the larger ones go--for example, always pay...
  • Gina Pogol: Alan, thanks for the question. When referring to the $7,500, we are talking about Federal income tax, not property tax....