#credit-score

[klikomo]

The Gen Z Credit Hack: How Teens Are Scoring 700+ Before Their First Job

Meet Sarah Chen, a 22-year-old digital marketing intern who just landed her first job. Unlike many of her peers drowning in student debt, she’s already pre-approved for a mortgage. Her secret? A credit score of 785 – higher than 89% of Americans. Photo by Antoni Shkraba on Pexels.com “My friends think I’m some kind of financial wizard,” Chen laughs. “But really, my parents just knew the credit…

[revveup]

Why Your Credit Score is Crucial for Mortgage Qualification and Securing the Best Loan Terms

In today’s uncertain and volatile financial landscape, your credit score holds significant sway over your ability to qualify for a mortgage and secure favorable loan terms. This single three-digit number is a key determinant that lenders use to assess your creditworthiness. But why does it carry so much weight? Let’s be sure to understand the reasons behind the importance of a credit score in the…

[fiercemillennial]

The Credit Score Conundrum: Why Being Debt-Free Can Hurt Your Score

Paying off debt is a win, but why does your credit score take a hit? 🤷🏾‍♀️ Let's unpack the credit score paradox. #creditscore #financialfreedom #moneymoves #fiercemillennial

It’s a frustrating paradox of adulting – working hard to pay off debt only to discover your credit score takes a dive. The Credit Score Conundrum: Why Being Debt-Free Can Hurt Your Score Let’s be real, the credit score system can feel frustrating and nonsensical. You finally pay off a major loan – a serious financial achievement – only to see your score go down instead of up. What gives? This…

[metropolitanmagazine]

Real Estate Financing Trends:

Market Trends: Rising Interest Rates: The Federal Reserve’s recent interest rate increases have significantly impacted mortgage rates, making borrowing more expensive for homebuyers. This has led to a decrease in loan applications and refinancing activity. (Source: Federal Reserve, https://www.federalreserve.gov/) Tightening Lending Standards: Lenders are becoming more cautious, making it…

[ricyboom]

credit-score

[reasonsforhope]

"In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday [January 7, 2025] finalized a rule to remove medical debt from consumer credit reports.

The rule would erase an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans, the CFPB said.

That could help boost those borrowers' credit scores by an average of 20 points, helping them qualify for mortgages and other loans.

"No one should be denied economic opportunity because they got sick or experienced a medical emergency," Vice President Kamala Harris said in a statement touting the new rule.

She announced the proposal for the rule last June alongside CFPB Director Rohit Chopra.

"This will be life-changing for millions of families, making it easier for them to be approved for a car loan, a home loan or a small-business loan," Harris added.

Major credit reporting agencies have already announced voluntary steps to remove medical debt from their reports.

The final rule is set to take effect in March [2025] – but that timeline could be delayed by legal challenges."

-via ABC News, January 7, 2025

[liberalsarecool]

Thank you Democrats and Joe Biden.

Voting matters. Republicans would NEVER have done this for people crushed by medical debt.

Now, we will have four years of pettiness and fascism.

[so-i-did-this-thing]

So, I have a big advice post to write, but until I have the spoons, I want to warn everyone now who has legally changed their first name:

Your credit score may be fucked up and you need to:

check *now* that all your financial institutions (credit cards, loans, etc) have your current legal name and update where necessary

check that all 3 credit bureaus, on their respective sites, not via a feed like Credit Karma (so, Trans Union, Equifax, Experian) are collecting that info correctly and generating the right score - you might need to monitor them for a few months if you made any changes in #1

I am about to apply for a mortgage and learned that as of 2 weeks ago:

Experian suddenly thinks I am 2 different people - Legal Name and Dead Name (none of whom have a score)

Equifax has reported my active 25 year old mortgage as closed and deleted one of my older credit cards, hurting my score by 30+ points

Credit scores influence everything from big home/car loans to insurance rates to job and housing applications.

And for whatever reason, the 3 bureaus that have the power to destroy your life are shockingly fragile when it comes to legally changing one's first name.

So, yeah. Once I get this mess cleaned up for myself, I have a big guide in the works if you find yourself in the same predicament. But with the mass trans migration out of oppressive states, odds are there are a lot of newly renamed people who are about to have a nasty shock when applying for new housing.

Take care, folks.

[heathersapples]

emma d'arcy in london for hotd: season 2 premiere event ★

[mannyblacque]

Music By Trent Reznor and Atticus Ross

[klikomo]

Borrowspell Backfire: The Unseen Costs of Financial Enchantment

In the magical hamlet of Greengrove, nestled between the Whispering Woods and the Silverstream River, tales of golden opportunities and crushing misfortune traveled faster than an owl’s flight. Among its denizens, whispers grew of an invisible curse affecting those who dared to meddle with the magical instrument known as the Creditor’s Score—a measure conjured to predict a wizard’s ability to…

[revveup]

Optimizing Credit Card Use for the Best Mortgage Loan Terms: A Guide for Self-Employed and First-Time Homebuyers

Securing a mortgage with the best terms can be particularly challenging for self-employed individuals and first-time homebuyers. However, optimizing your credit card use is one effective strategy to enhance your credit profile and improve your chances of obtaining favorable mortgage terms. Understanding the Importance of Credit Scores Your credit score is a critical factor that lenders consider…

[socialjusticeinamerica]

Biden and the Democrats did so much for this country but the Republican propaganda machine and the oligarch controlled news kept everyone focused on Trump’s shitty non-existent agenda.

[originalcrime]

I’m just sayin Evan “trust fund + probably still wound up receiving a significant settlement from his workplace discrimination lawsuit” Buckley is NOT the sugar baby in the relationship

[gayofthefae]

Did y'all notice that Mike telling El he loved her was intercut with a bunch of people dying? Because I noticed. And then we even check back in with him, something done to remind us that the timeline is simultaneous and the deaths didn't happen after but during.

OH MY GOD AND

Do you know what this implies?

He continued talking and it continued to not work.

He didn't continue a full speech, but he didn't stop either. He was still begging her to come back from "fight" to "come on".

And do you know the shot RIGHT BEFORE this one?

Tw: sfx

THIS. THIS IS WHAT WE CUT FROM.

Reminds me of when they cut between the cute m&m olive branch scene and dead bodies scattered as Jonathan and Nancy fight for their fucking lives with a close up on a random dead body initially right after Mike and El, just for good measure.

JESUS, editors. As I say, the people behind this show hate this ship more than I ever could 😭.