NCR Credit Plus
Credit Education and Information
When credit scores don’t add up
Let’s take a look at how credit scores are calculated and manipulated.
Most credit scores are the invention of Fair Isaac, an outfit company founded in 1956 by an engineer and mathematician. It later trademarked itself into FICO, and became a publicly traded in 1986. By 1997 a big bankers group actually honored the company’s founders for “pioneering” work in credit reporting.
What ar...
Over 25% of us have nasty credit scores, but they’re fixable
Whether you're applying for a job or looking for love, rejection is painful, particularly when you aren't given a reason for the rebuff. "It's not you, it's me" doesn't count.
But soon, when a lender rejects your request for a loan, it will be required to tell you why. The financial reform bill President Obama is expected to sign this week requires lenders to give customers who have been tu...
Credit score may take a hit when credit cards are canceled
Question. I am 62 and retired. I have an American Express gold card and an American Express Hilton branded card. I would like to cancel the gold card and retain the Hilton card because the gold card costs $110 per year and we rarely use it anymore. I’ve had the gold card since 1971 and the Hilton card is newer, since 1988. My credit scores are 765 to 800 and we have no credit card debt or mortga...
Buying again after short sale eased
Question : Can I buy a house again after selling my home as a short sale?
A Millions of Americans have lost their home to a foreclosure or short sale. Fannie Mae and Freddie Mac, who control the majority of home mortgages in the United States, realize restricting buyers from purchasing homes in the future is not a good economic decision.
Until recently, Fannie Mae and Freddie Mac had a f...
Fed: Credit companies admit profiling credit card users
Hundreds of thousands of credit cardholders' accounts have been zinged in recent years by credit card companies based in part on where consumers shopped, what they bought, who they bought from or who held their mortgages, according to a new federal report issued Friday.
The cardholders were hit with credit limit reductions, interest rate hikes or had their accounts closed by issuers who told fe...
Don’t apply for new credit before your mortgage closes
Don't apply for new credit between the time you apply for a home loan and the day the mortgage closes.
The price of ignoring this advice: You could be turned down for the loan while you're sitting at the closing table.
Fannie Mae has a new rule that goes into effect June 1. It requires lenders to check your credit report right before closing. A lot of lenders are going to interpret that ...
The recession may have done a number on your credit score, even if it spurred you to reform spendthrift ways and cut up your credit cards. For many, the drops have come at the same time that lenders have tightened their standards and demanded higher scores to get the best interest rates.
Even if you haven't had major credit troubles, like a foreclosure, your score may have dropped if you mi...
N.B. targets credit-score insurance screening
The New Brunswick government is looking at legislation that would stop insurance companies from basing premiums on customers' credit scores, says the provincial consumer advocate for insurance.
If implemented, New Brunswick would become the first province to ban the practice, said Ronald Godin, who criticized the industry in his annual report, released Tuesday.
As it stands, the practice...
Cleveland: Lawmakers rally to help DFAS workers fired for bad credit ratings
CLEVELAND -- Two congress members and one senator are taking up the cause of 62 DFAS workers being fired for bad credit ratings. A noted civil and worker rights lawyer thinks they would have a good chance to regain their jobs if they sue.
Regina Hairston worked at DFAS 13 years. She says her job duties consisted mainly of filing checks.
Regina was dismissed from her job after the agency deci...
Credit Challenged Client’s with Poor Credit Scores?
Do you have a list of clients that are Credit Challenged or have Poor Credit Scores?
Do you have new clients that you cannot get them a loan because of their low scores?
Do you have clients that you have to say “sorry we can’t help you”?
NCR Credit Plus will take your potential client's enroll them into our program. Educated, counsel and get their scores loan worthy for you and...
Home Loans
Posted By: admin on January 2, 2010 in Credit Education and Information - Comments: No Comments »
Once we have your credit in order, we are also Your SOURCE for Mortgage Financing. 
We can direct you to LENDERS able to qualify you for the right mortgage loan with terms that include:
- LOW Downpayment Loans
- First Time Homebuyerr Programs
- FHA Financing
- Community Homebuyer Programs
- Multi-Family Financing
- First and Second Combination Loans
- Residential or Commercial Properties
Your home is one of your largest financial purchase, so it’s important YOU make the right decisions .With this volatile home-lending market, mortgage brokers are serving as safeguards, offering their clients security, safety, and peace of mind. Let us help you find a lender to quality you for that RIGHT mortgage.
So no matter how good or bad your credit is, please take a moment to complete our Home Loan Application.
http://ncrcreditplus.com/service/home-loans.php
NCR Credit Plus
866.469.6599