The following is a pretty comprehensive 10-steps to improve your FICO score. 1. Get your credit report. If you are a U.S. consumers, you are entitled to one free credit report a year from each of the three national credit reporting…
Author Archive for Eric Carnegie
I came to the US as a student about 23 years ago with two suitcases and $80 in my pocket. Today I own several houses, a couple of websites, and some other investments.
Bankruptcy Affects One’s Credit Score
by Eric Carnegie •
Credit has pros and cons. It is a wonderful thing in life until…it is not. When deep in debt, the temptation of declaring bankruptcy is huge. Chapter 7 or Chapter 13, sometimes we just want to get rid of the…
My Lender Ignored a Very Legitimate DCURD Tax Exemption
by Eric Carnegie •
Robert Shiller the Nobel prize winner on Economics, proved with a convincing chart that from 1890 to 2010, that house prices returned about zero if one excluding inflation. http://pragcap.com/wp-content/uploads/2012/12/housing.png Therefore a house is a lousy investment. I concur with him.…
Money Talks for Young People (1): Tips and Traps of Credit
by Eric Carnegie •
I have three growing kids, two in college and one in high school. Watching them growing up and being educated by the public and private schools in the US, I realize that our schools have not taught them the necessary…
Paying off a car lease does not help mortgage application, Paying off a mortgage does
by Eric Carnegie •
Now that I have closed on the house and my family have moved into the new house for more than one month, I finally found sometime to continue the story on how I got my mortgage approved by Provident Funding.…