How Often is My Credit Report Updated?

Credit reporting agencies typically update the information monthly. However, each of your credit account information change more often depending on due dates and payment cycles for each account. Additionally, large credit card companies have millions of accounts and they report portion of them at different times, for easier management of large data. Other information, such as bankruptcies and hard and soft inquiries are also reported within days, weeks or months from their occurrence. Thus, you will see changes in your credit reporting account all the time.

Conventional Loans

Conventional loans are not associated, insured or guaranteed by VA, FHA or USDA. A minimum of 5%, or 3% in some cases, of the purchase price must be paid as down payment. Additionally, private mortgage insurance must be paid, if the down payment is less than 20%.

DYK: If you pay 20% or more of home purchase price as down payment, you are not required to pay the private mortgage insurance

What makes or breaks a successful small business?

Starting and running a new business is challenging and requires hard work. Many new businesses make no profit or close their doors within their first 2 years. However, hard work, dedication, perseverance and good business practices will pay in the long run. As a new business owner, budgeting, preparing a simple business operating plan and setting goals will help running your business and will motivate you.

In addition, there are few more things that small business owners do to make their business successful, four of which are provided by GrowBiz Media. Read the entire article at: score.org

What successful entrepreneurs do right

  • They start strong
  • They focus on finding new customers
  • They put cash back into the business
  • They work hard

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Fixing Bad Credit Score Prior To Buying A Home

Buying a home is a dream for many individuals and families, but it can be a challenge for those with less-than-stellar credit. Fortunately, there are several manageable ways to fix bad credit to buy a house.” Continue reading at: lendedu.com

Lendedu.com articles offer our readers useful information about how you can  improve your credit score prior to applying for a loan to purchase a new home.