Creditors
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Reporting to the Credit Bureaus
- January 14, 2021
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
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How Often Do Credit Scores Update?
- September 23, 2020
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
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Late Payments and Revolving Balances
- March 8, 2018
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Late payments and revolving balances are the two things that can do the most damage to a credit score. Having a late payment show up on your credit report probably makes sense but can revolving balances really have as much of a negative impact as a late payment? Absolutely. Let’s look at late payments first.
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When Creditors Report to the Bureaus
- August 6, 2015
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
One of the most frequently asked questions we get regarding credit reports is: “When do creditors report to the bureaus?” There is a misconception that creditors report their information at the beginning of every month and that credit reports update at that time as well. But in the world of credit reporting that would make
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Re-aging – Wouldn’t It Be Nice?
- June 25, 2015
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Wouldn’t it be nice if we could just make a phone call and say: “I promise to be good, to exercise, to eat right and take all my vitamins if you will just turn back the clock…” then have all the wrinkles and extra pounds just vanish? Maybe we can’t do that with our bodies
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I See Dead People
- May 28, 2015
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Well, perhaps not…however that’s probably how a loan officer feels when he is sitting in his office with a client, pulls their credit and it is missing one or more scores because that particular bureau is coming back with a deceased status. So he calmly smiles, looks at the client thinking to himself – but