Comments on: Want to be Featured On TV? http://www.philiptirone.com/blog/want-to-be-featured-on-tv/ Credit Scoring Expert speaks candidly about his personal growth and asks respected writers to share content to help others improve their life. Sat, 11 Feb 2012 00:42:40 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Susan S http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-123 Susan S Wed, 25 Nov 2009 03:29:35 +0000 http://www.philiptirone.com/?p=462#comment-123 Clients want to buy a bank-owned house that is incomplete. Their credit union says they can get a loan if the house "will be complete within 6 months". What does that mean? If the house isn't finished, (no appliances, no flooring, no steps to the front door which is 3 feet above the yard, no fixtures in the bathrooms, etc.) is a lender really going to give first-time buyers a loan? Clients want to buy a bank-owned house that is incomplete. Their credit union says they can get a loan if the house “will be complete within 6 months”. What does that mean?

If the house isn’t finished, (no appliances, no flooring, no steps to the front door which is 3 feet above the yard, no fixtures in the bathrooms, etc.) is a lender really going to give first-time buyers a loan?

]]> By: Marissa http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-122 Marissa Tue, 24 Nov 2009 18:36:15 +0000 http://www.philiptirone.com/?p=462#comment-122 Mr. Tirone, I just completed a short sale. My lender agreed that as long as I continued to make payments during the process the loan would be reported as "Paid" with no negative implications. I signed an agreement to that effect at closing, however, it was still reported to my credit as "Paid, settlement". Do I have any rights in this matter? I do have a papertrail, and they did not honor the terms of a written agreement. Mr. Tirone, I just completed a short sale. My lender agreed that as long as I continued to make payments during the process the loan would be reported as “Paid” with no negative implications. I signed an agreement to that effect at closing, however, it was still reported to my credit as “Paid, settlement”. Do I have any rights in this matter? I do have a papertrail, and they did not honor the terms of a written agreement.

]]> By: Doug Andrew http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-119 Doug Andrew Tue, 24 Nov 2009 14:32:12 +0000 http://www.philiptirone.com/?p=462#comment-119 If a person has kept everything current (first and second mortgages on primary and secondary residences, credit cards, car loans, etc) and had a 750+ credit score, but then got behind (60 - 90 days--or even suffered a foreclosure) on an investment/development property that was secured personally that caused his credit score to drop significantly, how is the best way to clear up that negative item on his credit report? If a person has kept everything current (first and second mortgages on primary and secondary residences, credit cards, car loans, etc) and had a 750+ credit score, but then got behind (60 – 90 days–or even suffered a foreclosure) on an investment/development property that was secured personally that caused his credit score to drop significantly, how is the best way to clear up that negative item on his credit report?

]]> By: Mike Poole http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-118 Mike Poole Tue, 24 Nov 2009 13:01:49 +0000 http://www.philiptirone.com/?p=462#comment-118 I have a credit card with a large balance and a low fixed interst rate. I opted out and closed the card when notified that the company was going raise my interest rate. I've had the card for over 9 years and I've never been late with a payment. Now all of a sudden the credit card company is telling me they are raising the minimum payment from 2% to 5% of the outstanding balance - I cannot afford the payments now - what options do I have. I have a credit card with a large balance and a low fixed interst rate. I opted out and closed the card when notified that the company was going raise my interest rate.
I’ve had the card for over 9 years and I’ve never been late with a payment. Now all of a sudden the credit card company is telling me they are raising the minimum payment from 2% to 5% of the outstanding balance – I cannot afford the payments now – what options do I have.

]]> By: Karen Allen http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-117 Karen Allen Tue, 24 Nov 2009 07:17:00 +0000 http://www.philiptirone.com/?p=462#comment-117 On October 14, 2009, I received a letter from Wells Fargo Bank that my personal credit card account interest rate when up from 11.5% to 14.15%. What is so bad is that this increase applies not only to new purchases but also to existing purchase balances, mine being over $5000 on this account. If I opt-out and close my account, how will my credit score be affected? I have 5 other credit cards. On October 14, 2009, I received a letter from Wells Fargo Bank that my personal credit card account interest rate when up from 11.5% to 14.15%. What is so bad is that this increase applies not only to new purchases but also to existing purchase balances, mine being over $5000 on this account. If I opt-out and close my account, how will my credit score be affected? I have 5 other credit cards.

]]> By: Jon Garland http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-114 Jon Garland Tue, 24 Nov 2009 06:06:21 +0000 http://www.philiptirone.com/?p=462#comment-114 I'm going thru divorce, have been trying to keep up w/mortgage, rent, credit cards, etc. Was laid off a cpl of months ago and have not been able to pay mortgage for two months now. Hv only been paying $20/mo for credit, but less than min so credit is going down tubes fast. Credit counseling does not apply as I cannot pay the consolidated min amount for credit cards. What are my options to get out of this mess? Foreclosure? Short sale? the B-word? I’m going thru divorce, have been trying to keep up w/mortgage, rent, credit cards, etc. Was laid off a cpl of months ago and have not been able to pay mortgage for two months now. Hv only been paying $20/mo for credit, but less than min so credit is going down tubes fast. Credit counseling does not apply as I cannot pay the consolidated min amount for credit cards. What are my options to get out of this mess? Foreclosure? Short sale? the B-word?

]]> By: Kerry Weaver http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-113 Kerry Weaver Tue, 24 Nov 2009 05:29:26 +0000 http://www.philiptirone.com/?p=462#comment-113 If someone wants to renegotiate their current home loan and they are unemployed, will the banks let them renegotiate the rate? Can one renegotiate the rate if they are only behind on one mortgage payment by less than 30 days? Will banks let someone roll a home line of credit into their current mortgage? If someone wants to renegotiate their current home loan and they are unemployed, will the banks let them renegotiate the rate? Can one renegotiate the rate if they are only behind on one mortgage payment by less than 30 days? Will banks let someone roll a home line of credit into their current mortgage?

]]> By: Kerry Weaver http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-112 Kerry Weaver Tue, 24 Nov 2009 05:25:48 +0000 http://www.philiptirone.com/?p=462#comment-112 How does signing up for a "pre-paid" credit card affect one's credit? Are there pre-paid credit cards that should be avoided? What information would one look for? If one signs up with a pre-paid credit card and pays the balance off every month does it help improve one's credit score? How does signing up for a “pre-paid” credit card affect one’s credit? Are there pre-paid credit cards that should be avoided? What information would one look for? If one signs up with a pre-paid credit card and pays the balance off every month does it help improve one’s credit score?

]]> By: Andrew http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-111 Andrew Tue, 24 Nov 2009 04:40:11 +0000 http://www.philiptirone.com/?p=462#comment-111 We fell victim to an "Investment" fraud and were forced to declare bankruptcy.We kept Citibank, the HELOC originator on our home, out of the bankruptcy and continued to make our payments to them without ever missing even one. We recently found out that, even after 1 year since the bankruptcy, Citibank still has not reported any of our payments. As a matter of fact they are still servicing the loan through their bankruptcy division.What can we do? We fell victim to an “Investment” fraud and were forced to declare bankruptcy.We kept Citibank, the HELOC originator on our home, out of the bankruptcy and continued to make our payments to them without ever missing even one. We recently found out that, even after 1 year since the bankruptcy, Citibank still has not reported any of our payments. As a matter of fact they are still servicing the loan through their bankruptcy division.What can we do?

]]> By: Gabrielle De Cuir http://www.philiptirone.com/blog/want-to-be-featured-on-tv/comment-page-1/#comment-109 Gabrielle De Cuir Tue, 24 Nov 2009 03:06:41 +0000 http://www.philiptirone.com/?p=462#comment-109 I am getting all these huge fine print tomes from my credit cards companies regarding "changes" over the last few months. What are the credit card companies all doing? Changing rules before the government cracks down on them? How does it affect me? Should I still be paying minimums in this economy? Or just try to pay down to the magical 30 per cent? I am getting all these huge fine print tomes from my credit cards companies regarding “changes” over the last few months. What are the credit card companies all doing? Changing rules before the government cracks down on them? How does it affect me? Should I still be paying minimums in this economy? Or just try to pay down to the magical 30 per cent?

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