Kenn Renner's (kennrenner) Blog

There are ways to correct and repair a credit report by consumers who are willing to put forth the effort. Credit scores now affect so many facets of our financial life it is wise to pursue corrections and repairs if needed. The idea is to get your credit scores raised as far and as fast as possi...

Credit reporting agencies are in the business of collecting consumer credit information and providing that information, usually for a fee, to grantors of credit (credit card, auto finance, home loan companies, etc.). There are local credit bureaus and national credit bureaus. The three “major” na...

In 1971, Congress passed the Fair Credit Reporting Act (The Law). Its purpose is to set forth guidelines for “fair” and “accurate” credit reporting. Credit reporting agencies are governed by this act and must adhere to its provisions. Penalties to the credit reporting agency and creditor can be s...

Paying your credit accounts on time is the primary way of keeping a good credit rating. Keeping your balances low in ratio to the credit limit or paid off each month is important. Optimize the amount and type of credit: two to three credit cards, one installment and one additional account is good...

What is a credit report? Simply, it is a detailed history of your willingness to pay. A credit report is a payment history of your revolving (credit cards) and installment (auto, student loan, etc.) accounts provided by a credit reporting agency. A local credit reporting agency will pull informat...

Home mortgage lenders will “pull” scores from the big “three” credit bureaus. The scores almost always differ from each other. Mortgage lenders will use the middle score of the borrower. If there is a co-borrower, both will need to qualify. If both are going on the loan, you will take the lowest ...

Your credit score now affects so many different areas of life, it is crucial to take your score seriously and take steps to improve it. Even if you have great credit, it is still important to take steps to optimize your score. The bottom-line – the higher your score, the better your terms on all ...

Don’t forget to thank the professionals who helped you along the way. The best compliment for a real estate and mortgage professional is a referral. Refer your friends and co-workers to your trusted team of advisors. SECRET REVEALED: A referral from a satisfied client is the best compliment a pro...

Fill out your change of address cards for the post office and let everyone know your new mailing address. All your friends, family, banks, credit cards, magazines, etc. If you need keys to your mailbox, you can go to the post office and show them your closing statement and they will give you keys...

Now that you are a homeowner, you will enjoy the benefits and responsibilities of owning your own share of the American Dream. It’s a great feeling to know that you are an owner and are building your equity & net worth by paying down a mortgage. Make sure you put all the paperwork you received fr...