Robert, Author at credit1solutions

What Lurks Behind Credit Reports?

The Pivotal Role of Credit Reports in Today’s Economy Credit reports are crucial in shaping financial opportunities. Crafted by major agencies, they influence loans and interest rates. Yet, this system is complex and often unclear to consumers. This article sheds light on these lesser-known aspects. Credit1solutions.com: Leading the Way in Credit Counseling We understand your… Continue reading What Lurks Behind Credit Reports?

Checking Your Credit Score

Strengthening Your Financial Future: Why Credit Score Monitoring Matters Monitoring your credit score is essential if you want to achieve big financial goals, such as buying a car or getting a mortgage. Your score helps lenders decide how trustworthy you are with credit. It can influence your interest rates, credit limits, and even the rewards… Continue reading Checking Your Credit Score

New Debt Collector Communications: What You Need to Know

Digital Advances Transform Debt Collection Communication The shift to digital communication is revolutionizing the way debt collectors connect with consumers. This pivotal change empowers consumers with new rights, such as opting out of digital channels. As debt collectors embrace emails, texts, and social media for outreach, understanding your rights becomes crucial. Key Updates in… Continue reading New Debt Collector Communications: What You Need to Know

How to Improve Your Credit Score

How to Improve Your Credit Score with Credit1Solutions.com The first thing lenders check when you apply for credit—whether it’s a loan, mortgage, or credit card—is your credit score. This number helps lenders decide how likely you are to repay borrowed money. Fortunately, there are proven ways to improve your credit score with support from Credit1Solutions.com.… Continue reading How to Improve Your Credit Score

Resource Helps Renters and Landlords Find State and Local Programs Distributing Federal Rental Assistance

CFPB Launches Rental Assistance Finder for Pandemic Aid Introduction to the Rental Assistance Finder On July 28, 2021, the Consumer Financial Protection Bureau (CFPB) unveiled an online tool aimed at supporting renters and landlords affected by the pandemic. The Rental Assistance Finder, accessible at www.consumerfinance.gov/renthelp, guides users to state and local payment assistance programs for… Continue reading Resource Helps Renters and Landlords Find State and Local Programs Distributing Federal Rental Assistance

Lifestyle Choices That Effect Your Credit

Unveiling Hidden Credit Scores Beyond the familiar FICO Credit Score, there exist nine lesser-known consumer scores that also significantly impact your financial life. These scores, based on various lifestyle choices, are used by creditors to assess risk, profitability, and engagement. Revenue Score: Predicting Profitability To begin with, this score ranks your potential as a revenue… Continue reading Lifestyle Choices That Effect Your Credit

What steps to take when buying a home

Answer: Well, that depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money- the deposit you make on the home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment, a percentage of the cost of the home that you must pay when you go to settlement; and closing costs, the costs associated with processing the paperwork to buy a house.