Debt

  • Actions That Can Hurt Credit Scores

    • March 30, 2023
    • Posted by: Mindy Leisure Director of Rescoring Services
    • Category: News
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  • Bankruptcy and Credit

    • October 19, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    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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  • Is Being Debt Free a Good Idea?

    • June 15, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    You’ve sold your home, paid off the car and all your credit cards and even closed most of them. You are completely debt free! This is great…right? Well, not when it comes to your credit score. Believe it or not, being completely debt free can actually hurt your credit scores. While it may feel wonderful

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  • The FTC Provides Free Publications for Consumers

    • July 24, 2015
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    A presentation of the Did You Know Series Did you know…The Federal Trade Commission (FTC) has an abundance of free publications that you can order to help you with your credit? They offer publications on topics such as: How to Build a Better Credit Report, Understanding Your Credit Scores, How to Deal With Debt, Understanding

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  • I See Dead People

    • May 28, 2015
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    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

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  • Avoid the Holiday Credit Card Hangover

    • October 23, 2014
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
    No Comments

    It’s getting to be that time of year again when the weather is colder and the days shorter; pretty soon everything will be decorated in twinkle lights and gingerbread men. The holidays are right around the corner and whether you like to get your holiday shopping done early or are someone who is at the

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