Credit Forum

Where do I check my credit scores for free to see if i qualify for a house. How do i check my credit score to buy a house. What is the minimum credit score to buy a house.

Gustan Cho, President and CEO of Lending Network, LLC has announced today that Lending Network, LLC is officially offering $250,000 Business Credit Cards to help small business owners with liquid working capital. Lending Network, LLC will be offering the business credit cards directly through its correspondent consumer lending channels. For more information contact us at Lending Network, LLC contact@lendingnetwork.org.

https://lendingnetwork.org/business-credit-cards/

• This discussion was modified 8 months, 3 weeks ago by  Gustan Cho.
• This discussion was modified 3 weeks, 5 days ago by  Sapna Sharma.
• This discussion was modified 1 week, 6 days ago by  Sapna Sharma.

lendingnetwork.org

$250K Business Credit Cards

Small Business owners can get $250,000 limit business credit cards if their business is under an LLC and have been in business for two years.

Credit Karma is not accurate for mortgage credit scores but it is a great indicator. If Credit Karma is high, so will your mortgage credit scores. The mortgage credit scores are generally lower than Credit Karma.Creidt Karma is easy to use and you get Transunion and Equifax but not Experian.

Inquiry removal is NOT as easy as it was in the past. Most of the time, the credit bureaus are requiring a police report to prove identity theft. I have attached a letter below that sometimes works to remove some inquries. Remember, inquiries stay on the credit report for 24 months, but only lower the score for 12 months. Also, there is no score impact when the number of inquiries is under 5 for a particular bureau.

[Your Name]

[Your Address]

[City, State ZIP Code]

[Date]

[Credit Bureau Name]

[Credit Bureau Address]

[City, State ZIP Code]

Re: Round 1 Inquiry Removal

To Whom It May Concern,

I am writing to request the removal of a recent inquiry from my credit report. The inquiry was made by [Name of the company] on [Date of inquiry] and it was for [Purpose of inquiry].

I would like to clarify that I did not authorize this inquiry, nor did I have any knowledge of it prior to reviewing my credit report. As such, I request that this inquiry be removed from my credit report as soon as possible.

I have enclosed a copy of my credit report with the inquiry highlighted for your reference. I kindly request that you investigate this matter and take the necessary steps to ensure that the inquiry is removed from my credit report.

Thank you for your prompt attention to this matter. Please do not hesitate to contact me if you require any further information.

Sincerely,

[Your Name]

Aldiva, Inc. is the preferred credit repair service and business development referral services partner for Gustan Cho Associates and it’s subsidiaries. GCA MORTGAGE Group endorses and refers all of our clients in need of credit repair and consultation services to Aldiva, Inc. due to their customer service business platform. Headed by owner and President Ali , Aldiva, Inc. is different from all other credit repair companies because she takes each individual client and analyze their credit report on each individual credit tradelines and evaluates on how to get it removed or sees if the creditor violated the fair reporting credit act. Ali has third party litigation attorneys in her network who acts on behalf of the consumer on a contingency basis. Besides credit restoration services Ali helps small businesses get LLCs, Corporations, and business credit. Aldiva, Inc. can prepare CPA letters for mortgage lenders for self-employeed borrowers. Aldiva, Inc. also does personal and business income taxes as well as ITIN for undocumented people so they are able to APPLY for a mortgage. Here is Aldiva, Inc. website

https://www.formmybusiness.com/

formmybusiness.com

Aldiva Inc. - Business Formation

Welcome to Aldiva Inc. where protecting your business is essential by forming a separate legal entity. Let us guide you through the process of forming a corporate entity.

Recently, I have had quite a few borrowers that did not have active tradelines. Experian Boost is great for reporting alternative trade lines, but that is only one bureau. I have had good luck recently with Stellarfi.com.

stellarfi.com

Page not found - StellarFi

Page not found - StellarFi

Hello Everyone,

While you are reviewing your clients credit reports, there are some automatic violations that you need to look for. These violations will get escalated to an attorney, that will represent your client at zero out of pocket cost.

Bankruptcy:

Any creditor that was included in a bankruptcy that is still reporting a balance, post bankruptcy, is an automatic violation – Send them over.

Mixed Files

Any client that has multiple social security numbers on their credit report, names, addresses, etc (especially Jr’s, Sr’s, I, II, III, IIII, etc) Please send them over as their credit report could be mixed with another individual – Send them over

Payment Plans

Any client currently on a payment plan, making their monthly payments and the creditors are not updating the balance, This is an automatic violation – Send them over

Settlement Agreements

Any client that makes a settlement agreement and has written proof of the settlement agreement and the balance isn’t reduced to the agreed upon balance on the credit report, this is an automatic violation – Send them Over

Identity Theft

Any client with identity theft – send them over

I will need the following information:

Credit Report

Client Name

Client Phone Number

Email Address

Please forward to: ali@ficodiva.com

Start Hunting!!

Have you closed a loan on clients that have 4 charge off’s or more? Start getting them ready to refinance their home now! Here’s the criteria:

1. Must have 4 charge off’s or more

2. Must Live in California

3. Post BK Charge Off’s Count as well

Send them over and let us start working on their credit now so when the rates decide to take a turn for the better, your client will be ready to refinance!

This is a special program that is only available to California residents.

Let’s Do This Cali!

I realize that late payments is the kiss of death and it is one of the biggest negative factors I can have to qualify and get approved for a mortgage. Can you please advise me on how I can qualify for a mortgage with late payments in the past 12 months? My lease is coming up and I really want to buy a house.

Mortgage lenders require credit tradelines. What does credit tradelines mean when asked from a mortgage lender?

Let’s talk about a specific subject today!

CREDIT UNIONS/Community Banks

Credit Unions offer products to consumers and businesses!

Why I love Credit Unions and you should too:

Credit Unions offer many more credit BUILDING products than banks. They generally have secured loans and secured credit cards

Credit Unions are all about relationships. They are flexible! When you join as a member you are building a relationship.

Credit Unions often have Easier approval requirements than big banks and look at FICO 9 scores which are close to vantage scoring models (those on Credit Karma)

Credit Unions may not come with as many fancy rewards and offers like Chase, American Express, CapitalOne, etc. but they will give you credit cards and high credit lines.

They have a lot of money to lend

They are Great to get consumer credit cards and business credit cards.

Don’t just take my word for it, go apply the knowledge!

Many clients come to us with the impression that their medical bills do not matter when it comes to home buying. They say that they were told that medical bills “don’t matter” or “don’t count”, leading them to believe that their score is somehow recalculated without the medical bills when buying a home. The truth is they DO count. If they are in collection status, they lower the credit score. They count the same as any other collection, even in the mortgage versions of FICO scores. Of course, what the lender actually means is that they do not count into the DTI, but the impression that a client gets is often incorrect. Medical bills can definitely lower the credit score, even to the point of disqualifying an applicant.