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Credit Scoring Myths
Credit scores are highly important for getting a loan. Lenders prefer customers with good credit history and those having high credit scores. Higher the credit scores, better are the terms at which one can avail a credit. Hence, it is very important to have good credit scores. More...
How To Fix Credit Score
 If you are bankrupt or are facing financial disaster, you should not get extremely depressed. Today there are different ways of re-establishing your credit. More...
Effect Of Debt To Income Ratio To Your Credit Score
One important parameter used by many lenders while calculating the loan eligibility of a borrower is the debt-to-income ratio or DTI. This term can be simply explained as the percentage of a person’s gross monthly income that goes towards repayment of debts and other obligations such as taxes, fees and insurance premiums. More...
Loan to Value Ratio ( LTV )
 Loan to value ratio (LTV) is a mathematical calculation used to determine the relation between the amount of mortgage loan and the value of the property. This ratio is a vital parameter used by lenders in determining the eligibility of a borrower for a mortgage loan. An LTV ratio can be best understood with the illustration mentioned below. More...
Can Employment Be Based On Credit History ?
 The federal government routinely checks their employees’ credit history. Typically, credit check is used to deny jobs or promotion only when security clearance is involved.
However, government workers are not the only ones that are affected by bad credit history. According to Society of Human Resource, more companies are checking their employee’s credit history. The statistics show that credit check rise from 19% in 1996 to 35% this year. More....
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