Much of the work done by Stoneman Legal consists of bankruptcy and debt collection. With this work, comes the importance of credit scoring. Understanding your credit score and what effect good or bad things have on it is essential to productively moving forward. Unfortunately, the process by which credit bureaus score you is archaic and opaque. Makes sense, right? Actually, NO, it’s hog wash and does nothing in furtherance of public education regarding what is necessary to get back on track towards credit worthiness. Fortunately, however, I’ve gained some insight on this topic both from my law practice and my mortgage background. I am more than happy to share what I know with you, just give me a ring and we can chat about all things credit.
In the meantime, I’ve included here an article I came across awhile back in the magazine Kiplinger’s Personal Finance. The tips are easy, accurate and potentially beneficial. If you are considering taking out a loan for a home, a vehicle or anything else – it is a good idea to first determine where you stand credit-wise. Follow these 3 steps to get that idea.