A contractor submits fake documents to a title company and then gets paid. The home buyer asks if he has any recourse for when a contractor submits fake documents. Ilyce says it depends on the type of escrow account involved in the home purchase and that the home buyer should consult a real estate attorney to sort through whether the title company is liable for accepting fake documents from the contractor.
Credit card balance transfers can be worth it, if you read the fine print, the new interest rate is worth it and it helps your credit score. But it's important to keep the old credit card account open, even without a balance, because the longer you have a credit account open, the better your credit score. After you make the credit card balance transfer, make sure to continue paying down as much of the balance as possible to take advantage of the new interest rate and continue raising your credit score.
Paying credit card bills online can improve your credit history and your credit score. Using online bill pay can help you prevent late payments on your credit cards, which will keep your credit history and credit score positive. Paying credit card bills online also helps save trees, money on and keeps your bill payment from being lost in the mail, which could lower your credit score and put a black mark on your credit history.
Paying your credit card bills online makes bill-paying a snap, but make sure you keep track of your records. Quicken is one financial program that allows you to keep track of the credit card bills you pay online. By keeping track electronically of the credit card bills you pay online, you keep your credit score and credit history in good standing, keeps your personal finances in order, and prevents late payments.
Refinancing mortgage loans on investment property has become more difficult since the credit crisis. Even with a good credit score you may be limited in your refinancing options. What can you do about refinancing an interest-only ARM? In many cases lenders limit mortgage loan workouts to borrowers who have already missed a payment.
You can keep your good credit history while co-signing a home loan for a family member with bad credit. The key to keeping your good credit history is to set up parameters with the family member you co-sign the loan for. Just because your family member has begun rebuilding their credit history, that doesn't mean they won't have a bad turn of luck. If that does happen, your good credit history will be in jeopardy because you will be responsible for the loan you co-signed for.
Mistakes in your credit report can be corrected. If there has been a mistake reported as fact by the credit reporting bureaus, you must file a complaint and ask for an investigation of your account. If mistaken claims on your credit report aren't cleared by credit reporting bureaus in the proper time, you can report the bureau to the Federal Trade Commission.
Myfico.com can help you understand your credit score and credit report. If you have a credit score below 650 you are considered as having a subprime credit score on your credit report. By going to myfico.com and getting your credit score and credit report, you can find ways to improve your credit history and credit rating.
Even people with a hefty amount of debt can pay it off and save for retirement. Take a look at your finances and look for places where you can reduce spending, pay off debt, and save for retirement. Some ways to pay off your debt and save for retirement include refinancing your mortgage, selling things you don't need, and brown-bagging your lunch.
If you have the cash to pay off loans and reduce your debt, you should do so and then build your savings. The interest rate you're being charged on your debt, such as a car loan is usually more than the interest you will get leaving the money in a savings account in the bank. Once you pay off the debt with available cash, stash the money you used to put towards your debt into your savings account to build your savings back up.
