Student Loan Debt

Here are some fun facts about those predatory unsecured student loans targeting adolescent borrowers. This industry comprises 1.8 Trillion in debt. Average loan repayment adds a total of 128%. 1 in 4 Americans have a student loan. These student loans average $37,172 at $393 per month.Unfortunately, average graduation rate is only 59%. And even still,ContinueContinue reading “Student Loan Debt”

The Positive and Negative Side of Credit

Essentially credit repair is broken down into two categories – positive and negative. Positive is based off active accounts only and their on time payments or balances. Negative credit covers missed payments on open contracts or collection/public records. Let’s look at the positive side first. Roughly 65% of your FICO credit score is based solelyContinueContinue reading “The Positive and Negative Side of Credit”

Financial Benefit of Credit Repair

Credit repair is a crucial and often overlooked aspect of the mortgage purchase process. While 850NOW is not a credit repair firm, we do have very close relationships with the nation’s top rated credit repair agencies. Your credit score greatly determines your mortgage interest rate. As shown below, the interest rate can greatly change yourContinueContinue reading “Financial Benefit of Credit Repair”