Using rent payments to rebuild your credit

Using rent payments to rebuild your credit Q: How can I set up a lease-to-own on a three-unit property and have it count on my credit report? A: I’m delighted that you asked this question, for several reasons. There are many, many folks out there who are trying to recover their finances and their credit …

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Having good rental history can help you get a loan

A good rental history can help borrowers First-time home buyers planning to purchase a house later this year may have a better chance of qualifying for a mortgage if they have had a history of paying their rent on time. Last year, credit-reporting agency Experian added a section to millions of credit reports showing on-time …

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How to Stop Identity Theft

3 smart ways to protect yourself One of the fastest growing white-collar crimes in America is identity theft. According to the Federal Trade Commission (FTC), as many as 9 million Americans have their identities stolen each year. Chances are, if you haven’t been a victim of identity theft, someone you know has.  What Is Identity …

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Decline in Strategic Defaults

The phenomenon of strategic default has become a growing concern for the industry, but a new “Market Insight Snapshot” released by Experian Thursday suggests the percentage of mortgage defaults involving borrowers who decided to simply throw in the towel is trending down. Strategic defaults in the U.S. peaked during the fourth quarter of 2008, accounting …

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