Joel Firestone (G-Net Consulting)

  • Advantage Credit Responds to FHFA Request For Information on Credit Scores

    • March 27, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    At Advantage Credit, we’ve always taken an active role in trying to shape regulation and policy that help produce sound credit underwriting decisions that will benefit both lenders and consumers. To that end, the Federal Housing Financial Agency (FHFA) announced a Request For Input (RFI) seeking feedback from interested parties regarding how Fannie Mae and

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  • Late Payments and Revolving Balances

    • March 8, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    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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  • How Does a Divorce Affect Your Credit?

    • February 15, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Divorce, in and of itself has no bearing on your credit.  However, if you have joint accounts with your ex you could be in for trouble, even if debts are listed in the divorce decree as being the responsibility of your ex spouse.  As far as credit is concerned, the divorce decree really has no

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  • Big Changes Coming For Credit Reporting Agencies

    • January 25, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Thanks to a 2015 settlement agreement between the New York Attorney General and the three credit reporting agencies, some important changes are on the way in regards to credit reporting. An additional agreement between the credit reporting agencies and another 31 state attorney generals ensure that the change will be nationwide. The changes are being

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  • Advantage Credit Announces Update of Mobile App

    • January 12, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: Press Releases
    No Comments

    Evergreen, Colo., January 12, 2018 – Advantage Credit, Inc. is excited to announce an important update to their free mobile application first launched in 2013. The update vastly improves the app on iPhones, iPads and Android smart phones and tablets. The new and improved app will still continue to provide the informative original articles from

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  • Reading a Credit Report

    • December 28, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    Credit reports can be very confusing to read at times. There is a lot of information to decipher, codes that may not always make sense, etc. There are some basic things to know that may help when you are looking at a credit report. While there are several different scoring models available for each bureau,

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  • Advantage Credit Donates to Direct Relief – Puerto Rico in Honor of Their Customers

    • December 14, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: Press Releases
    No Comments

    Evergreen, Colo., December 14, 2017 – In appreciation of their customers as well as in the spirit of the holiday season, Advantage Credit, Inc. has made a donation to Direct Relief in Puerto Rico in honor of all of their customers. “We are thankful for our valued clients and wanted to do something that is

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  • What Exactly is a Rescore?

    • November 30, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    A “Rescore” is the updating of information on a credit report at the bureau level in an expedited manner. It is not credit repair and it is not a manipulation of the credit report. Eventually the changes that are made through a rescore would be reported at the bureau level by the creditor. A rescore

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  • How Safe is Your Child’s Identity?

    • November 16, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    In this day and age everyone has been taught at least a few ways to protect their identities against theft. But what about your children’s identities? Social security numbers are issued at birth and since kids usually don’t use them until they are older, they are a prime target for identity theft. According to the

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  • Bankruptcy and Credit

    • October 19, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    The amount of consumers that file bankruptcy each year continue to decline since new laws went into effect in 2005 tightening the requirements for a consumer to be able to file. The numbers that still do file, however, are a bit staggering. In 2016 there were 800,000 bankruptcy filings. Statistics show that 60% of bankruptcies

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