Credit Scores: Don't Waste Your Money

Did you know that your credit score that you purchase online is not the same credit score your loan officer gets?

You probably know that when you apply for a mortgage, your loan officer gets all three credit reporting agencies reports with three different scores. From your three credit scores, most mortgage companies use your middle credit score to determine your credit worthiness.

Do you know that the credit score an auto dealer sees is not the same credit score your loan officer sees?

Imagine our surprise to find out that my husband's credit score for purchasing my new car one afternoon was 50 points higher than his top credit score was earlier in the day when he refinanced an investment house. This happened because credit scores get computed differently for mortgages and auto loans!

If you think that you have a great credit score because you recently bought a new car, think again. You may have been told that your credit score was 700 by a finance company. Therefore, you think that you have the perfect credit score to buy a house. Don't be surprised to hear from your loan officer that your credit score falls short of a prime rate mortgage loan.

You don't want to have your credit history checked too often. You do get a small penalty with a few points deducted when you have too many inquiries on your credit report. However, when you're shopping for a car or a home loan, the credit reporting agencies batch your inquiries into one. In other words, you can call several mortgage lenders to shop for the best terms and rates without losing points.

Don't waste your money buying your credit scores. These scores are not the ones real estate lenders get. Instead, get your credit scores FREE by calling a loan officer.

Copyright © Jeanette J. Fisher

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About Jeanette Joy Fisher

Jeanette Fisher teaches how to get out from under credit card debt, how to use credit to make money, and six ways to build strong credit to finance your first home and multiple investment properties. For a free ebook "Credit Tips for Mortgage Financing," see http://worryfreecredit.com/.


And here is another random article you might be interested in...

Office Politics

Office politics! It's just another way of saying: "The employees are not getting along!"

When so much of a company's success depends on the employees' ability to work together as a cohesive team, it is critical that people understand and appreciate the differences in each other.

Symptoms of Office Politics:

  • Conflict
  • Stress
  • Job Dissatisfaction
  • Poor communication skills

The Results:

  • High employee turnover
  • Reduced productivity and profitability

The Solution:

  • Improve employee communication and understanding

The Disc Classic behavioral assessment is widely used by the nation's largest companies to improve the working relationship amongst its employees. The disc profile provides a nonjudgmental way to explore the "Dimensions of Behavior" across these 4 dimensions: Dominance, Influence, Steadiness, and Conscientiousness.

  • D types like to be in control, and are direct, impatient, and strong-willed.
  • I types are people-oriented and are expressive, outgoing, and they need recognition.
  • S types are stable, predictable, and they like to work behind the scenes. They are good listeners and are sympathetic.
  • C types are analytical, and concerned with quality. They like to plan ahead and are systematic in their way of doing things.

When employees understand the different work styles and how best to relate to each style, the "Office Politics" may be a thing of the past.

To purchase the Disc Classic profile or any other Inscape Publishing product, visit www.disc-profiles-on-sale.com.

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About Kevin Hobbs

Kevin Hobbs writes for http://www.disc-profiles-on-sale.com/ where you can find more information about inscape publishing products. *All products are registered trademarks of Inscape publishing.
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