Ask Val

April 4, 2011

Three Major Credit Reporting Bureaus

When applying for a mortgage whether it be for purchase or refinance a tri-merge credit report is pulled for an evaluation of the clients current and past credit history.

The three bureaus are Equifax, Experian and TransUnion.

Depending on the creditor they many report to one or all bureaus.  Credit scores can vary between agencies so to qualify for financing I will work off your middle credit score to determine your rate.

It is a great idea to get a credit analysis at least once a year.  In doing so you can keep on top of your credit report and quickly take care of any discrepancies.

The bureau information is as follows:

Experian Consumer Relations, 888-397-3742,  P O Box 2002, Allen, TX  75013  www.experian.com

Equifax Consumer Relations, 800-685-1111, P O Box 740241, Atlanta, GA  30374-0193 www.equifax.com

TransUnion Consumer Relations, 800-888-4213, P O Box 1000, Chester, PA  19022 www.transunion.com

The above addresses would be where disputes are mailed to the individual bureau.  I suggest dispute be sent certified mail return receipt requested.  Credit bureau has 30 days to investigate and then derogatory is either confirmed or removed.

If you need a free credit analysis in the Birmingham, AL area, please contact Valerie Springer .  I would be honored to help you with your financing needs.

Yours to Count On,

Valerie Springer

January 19, 2011

Is the Debacle Over?

Housing starts for December were below expectations BUT Building Permits which is a great indication of future construction, were well above expectations.

Could this be the beginning of good news for our homebuilders?  Are interest rates really starting to rise?  What is going on in the market today and what am I not being told?  How much of an impact does China really have on the United States?  How does it all work?  What is QE2 and how will that affect me?

If you would like answers to the questions above, your expert is waiting to shed some light and help guide you as a well informed consumer.  You may call me at 205-995-7283 x 305 or send me an email at valerie.springer@nflp.com 

Yours to Count On,

Valerie Springer

 

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