Friday, June 06, 2008

Borrowers Can Improve Their FICO Credit Scores- FREE Tele-Class Reveals All

On June 18th, at 1pm EST, a colleague of mine is having a FREE teleclass on using little known secrets to boost your credit score. For more details visit his website at http://www.boostmycreditscorefast.com/.

Some borrowers may find it harder than ever to get credit loans. This month many mortgage lenders have increased their credit and FICO score requirements to qualify for a mortgage. Those who have lower FICO scores will be penalized and may have to pay up to 4 points to their lender just to get their loan. In the past, conforming lenders ignored credit scores as long as a borrower’s file was approved through an automated underwriting system.

As the number of foreclosures has exploded lenders are now taking more precautions when issuing new loans to protect themselves and minimize their exposure to risk. These recent changes force consumers to fully document all of their income and also require higher credit scores just to qualify for a loan.

At the same time, credit card companies are now monitoring consumers credit scores regularly looking for adverse changes in payment habits. Just one late payment can now trigger off reduced credit limits and higher interest rates even if the late payment was on a mortgage or different credit card.

“It’s time for consumers to fight back and do all they can to have the highest credit scores possible” says Brian Saviano a successful mortgage broker with Elite Financial located in Chicago, IL. Saviano says, “Many times consumers can raise their credit scores by as much as 40 points in less then 30 days using little known secrets.”

In order to help consumers learn how to raise their credit scores, Saviano will be hosting a free tele-seminar giving consumers free information. Having the highest credit scores will enable borrowers to acquire debt at the lowest interest rates available. Those interested in attending the free credit tele-class should sign up at http://www.boostmycreditscorefast.com/.

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