Credit Report 101 is the ideal place for you to post questions regarding credit obtaining. Although our staff answers readers’ questions on a daily basis, it may still take a few days until you get an answer to your question …
While FHA guideline state that the minimum credit score for FHA loan is 530, that’s only good enough to qualify for financing. As of 2010 you’ll need a minimum credit score of 580 if you want to take advantage of …
An Adverse Action Letter (a.k.a Adverse Action Notice) is a letter sent to you after your application for credit, loan, employment etc. has been denied. Under the Equal Credit Opportunity Act (ECOA), when creditors/insurers/employers denies your application for credit, insurance or …
Adverse Action Letter / Adverse Action Notice / Denied Credit Read more »
All credit applications are processed under the Equal Credit Opportunity Act (ECOA), which is a federal law that prohibits creditors from discriminating credit applicants on the basis of sex, marital status, race, color, religion, age, and/or receipt of public assistance. …