Thank you! I’ve studied your blog and watched your video and I would have made some big mistakes if I had not found this site first!

I got the reports and scores for me and my future wife. mine are 517 488 551 hers are 600 546 596 we have re-aged accounts and recent collections that we plan on paying the original creditors but my main question is should open a credit card account in her name and then add me as a authorized user. we all ready share a sub-prime auto loan thats a year old with no lates. would a new tradeline help?

Glen (more…)

I have some old paid off credit cards that I cancelled a few years back. The payment history on these cards was less than perfect. I believe that the creditors were supposed to erase this from my file, since I agreed to pay them in full, so I disputed them. These accounts were not in collections. Will their deletion affect my score positively or negatively?

Rick (more…)

Stump the Experts?  You must forgive me for my liberal use of the word expert.  Still – no matter how you slice and dice it – Dale and I do have a combined fifty-five years of experience in the mortgage biz and that means we’ve looked at a bazillion credit reports.  So if you have any questions about mortgages or credit reports then fire away! 

By the way, it’s so much easier to answer a question from a visitor that clicks on “Stump The Experts” than it is to create a new blog article from scratch.  This year, I’ve developed a whole new appreciation for the authors of blogs out there.  I’m mumbling Broken Credit blog articles in my sleep.  Credit repair mortgage repair credit repairing – excuse me.  See what I mean?

So I dare ya.  I double dare ya!

Click on Stump The Experts….

Any quest to fix bad credit and raise a credit score would be remiss without the inclusion of at least three active positive tradelines working in your favor.  Some examples of active tradelines are a mortgage, credit card, or installment loan – all must be open and reporting each month to Equifax, Experian, and TransUnion to provide positive FICO oomph.  If a credit report is lacking at least three active tradelines, then somehow they’ll need to be added.  The problem of course, is that applying for new credit, at a time when a credit score has been clobbered by bad credit, may seem daunting, if not altogether hopeless – it feels as though one must already have good credit to get new credit.  Take courage, dear readers, there’s no need to feel this way. The Broken Credit Blog has a solution to this bad credit dilemma and that be in the form of secured credit cards.  Let’s take a closer look at how secured credit cards can help to counter the effects of bad credit. (more…)