Lenders want to keep the millions who would benefit from strategic default in a state of fear and confusion to compel the borrowers to keep paying. They would prefer to publicly endorse borrowers most macabre fantasies of strategic default while quietly soliciting new customers behind the scenes. Prior to the blog era, they might have been successful.

How much better for your credit score is a short sale versus a foreclosure? On average, about 40 points.

We have all heard it said: “Cash Is King.” A growing number of Americans are starting to agree.

If you want to take charge of your credit, you need to understand how the four different types of credit work, and how they affect your credit rating. Knowledge is power, especially when it comes to your finances. Understanding the four types of credit will allow you to make smart financial decisions and build your [...]

If you are looking to refinance or purchase an Anchorage home, you may want to find out what your credit score is about 3-6 months before you plan on applying for a loan. Why should you check your credit score before you buy? Lenders use your credit score to determine 1) whether or not to approve you and 2) what your interest rate is going to be once you are approved for a loan.