OEIL PUBLIC. Karim BEN KHELIFA. If you have a mortgage, and less than perfect credit, you may have found yourself in a situation where you’re not able to take out new credit cards or other smaller loans, but have the opportunity to refinance your home loan to free up some equity. You might have been presented with secured loans, where your house is used as collateral in the event that too many payments are missed. This is a very risky maneuver, especially when an option like a credit repair service is available.
Risks of Re-Mortgaging Your Home Those with poor credit will not receive favorable rates, which can increase your overall cost Refinancing a house to release equity will mean that you repay your mortgage over a longer period of time Missing any payments to your new home loan puts your house in repossession jeopardy Taking out additional lending can actually have a negative effect on your credit rating Alternatives to Re-Mortgages What a Credit Repair Service Can Do For a Homeowner Success after Credit Repair. Samuel BOLLENDORFF. Philippe BRAULT. Guillaume HERBAUT. Jean François JOLY. Dominic NAHR. Johann ROUSSELOT. Frédéric SAUTEREAU.
Jérôme SESSINI. Creditworthiness is essential for any person wishing to have their business funded. The FICO score is the representation of a consumer’s credit pattern and behaviour, of whether one is reliable to return what was borrowed or not. The FICO score wouldn’t need the lending institution to access the borrower’s employment status, income history and other personal information; thus, maintaining privacy. FICO stands for Fair Isaac Corporation. This has developed a scoring system for its borrowers. A FICO score is quite essential especially for those in the credit industry since this can help them maintain a good lending business. The FICO score is utilized to be able to evaluate the value of a person’s credit. The peer profiling is one the methods used by FICO for scoring the consumers. Consumers with few accounts Consumers with long history and good report Consumers with plentiful credit questions Consumers with offensive accounts Consumers who experienced bankruptcies.
Michael ZUMSTEIN.