Credit - My Lender Jackie

How the New FICO “Resilience” Credit Score Could Help Borrowers

by mylenderjackie | Feb 15, 2021 | Credit

While some businesses are still shut down or running at much less capacity the economy across the country has seen a high number of unemployment. The Fair Isaac Corp., more commonly known as FICO, the producer of the FICO credit score and a global analytics company,...

How to Get a Mortgage After Foreclosure

by mylenderjackie | Jan 18, 2021 | Credit

Going through a foreclosure is no small deal and it is not an easy one either. Many past homeowners begin to give up hope of ever owning a home again after they have been through a foreclosure, but there is a chance you can qualify for a home loan again. It is...

How Soon Can I Buy a Home After Bankruptcy

by mylenderjackie | Aug 17, 2020 | Credit

Qualifying for a mortgage loan that would enable you to purchase a home after filing for bankruptcy may seem like a crazy dream. Bankruptcy tends to cast shame or paint a filer as a person who should never be trusted again with borrowed money. In all actuality, every...

5 Steps to Protecting Your Credit Score During a Pandemic

by mylenderjackie | Aug 14, 2020 | Credit

The current times have turned many people’s personal finances for a loop. Even as businesses begin to open back up many employees are still furloughed or unemployed. Some employees have stayed at work the whole time, but with reduced pay. As many of us work to keep...

FICO Credit Scoring System will be Changing This Summer

by mylenderjackie | Mar 17, 2020 | Credit

The FICO credit scoring system has been widely used since 1989. Since then the parameters in which FICO arrives at a certain number for an individual credit score have changed to help give a more precise assessment of a person’s credit history. This summer the FICO...

Your Credit Score and Your Mortgage

by mylenderjackie | Feb 9, 2020 | Credit

One of the biggest inquiries home buyers have about applying for a mortgage is how their personal credit score will affect or determine their ability to qualify, because an applicant’s credit, or FICO score, is a key determining factor. In general, the mortgage...