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Mortgage Professor about credit scores: | |||||||||||||||||||||||
Credit Reports and Credit Scores
November 24, 2004 What Is a Credit Report? A credit report is a report from a credit bureau containing detailed information bearing on credit-worthiness, including the individual's credit history. A typical credit report includes the following: Personal information. ... more... Lessening the Impact of Bankruptcy on Your Credit June 18, 2001, Revised November 22, 2004 To the genie who generates credit scores, all bankruptcies (and all foreclosures) have the same statistically-determined impact on credit scores. The genie never asks why a borrower went into bankruptcy or foreclosure. Some ... more... |
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credit scores related definitions |
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Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
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More about credit scores Keeping Your Mortgage Interest to a Minimum Adverse Credit Mortgages - Home Buying Tips Need a Real Estate Loan? Mortgage Credit Requirements Not the Same as Auto Financing Student Loan Consolidation Rates - Helpful Tips California Mortgage Brokers and Lenders - Using Online Services Bad Credit Loans A Benediction In Disguise Stated Income Mortgage Loan - Get Approved Online Buying a Home with Bad Credit - How to Buy with Past Credit Problems Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later Bad Credit? No Credit? No Money? No Problem!
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