Proposed Criteria May Add Realism to Credit Scores
‘Invisible’ Demand Their Rent, Utility Payments Count on Credit Scores BY Brian O’Connell|10/15/13 – 09:00 AM EDT NEW YORK (TheStreet) — Building credit is job one for consumers — even for the estimated 50 million people deemed “credit invisible” by creditors and lenders. But traditional credit scoring models don’t fully take into account some of the most basic bill-payment responsibilities […]
Reverse Mortgages- Understand the Requirements
Over the years there has been a lack of understanding about Reverse mortgage, and there is a lot of misinformation being passed around. There are three main qualifications for getting a reverse mortgage: The borrower(s) must be at least 62. He/She/They must live in the house. It must be their primary residence. In addition, they […]
Credit Bureaus & Friends—Too Close for Comfort?
Getting out of debt is an essential step toward improving your financial future. The average American family spends a whopping 34.5% of its income on interest. That’s way too much to be handing over to strangers! Plus, when you routinely use credit to make purchases, then slight missteps—however inadvertant—can trigger a chain of consequences including […]
Regret Your Debt?
Benefit Linc, as our name implies, provides a range of benefits to individuals and companies. Let’s put it into more personal terms. Quite simply, a benefit is something that is good for you or your employees. Here are a few of the ones we offer: free financial coaching with state-of-the-art software and protection that kicks […]