Pat Killeen

Credit Score - Check Credit - Negative Reason Codes

What you don't KNOW may hurt you, your credit Scores anyway!!

4 NEGATIVE Reason Codes On You Credit Report!!

Did you know what really is in your credit Report? Tell me one thing you know about your personal credit report, then I will tell you what some of those CODES mean, you know , NEGATIVE Reason Codes as they are called.

NEGATIVE REASON codes, hmmm. Do you know what they are, how they function, why they appear on a mortgage credit report, your mortgage credit report?

How many negative reason codes are there? I'll tell you they are quit a few. I found a list of 42, so let me give you a few and I will tell you why I think they are directly tied to your personal credit report and how they might be a reflection on your CREDIT Scores.

Code #10 - Your credit balances are are to HIGH for your credit limits!

Ya, the story of your life huh. Well, its time to look at this Code and realize that it is a part of grading your credit and applying a score for the Three Credit Reporting Agencies (CRA's). Have you ever heard of the CREDIT SCORECARDS held by FICO corporation. This manual above describes and details for you so many things about your credit, you will be amazed of what is in your personal credit history.

Code #13 - The time since one of your accounts has been delinquent is too short. This is hurting your fico score.

A minor reason you say? I think not, because when the FICO corporation uses any of these negative reason codes, they go deep into the Scorecard systems that grade your credit then your credit is categorized into a Scorecard models, and some of these models are more negative than others, in terms of how likely the client will go delinquent within the next 90 days. Wow. ... this manual has taught so many great principals, others have never seen or heard of before, relating to their credit scores.

Code # 28 - You don't have the statistically optimal number of accounts on your credit report, this is preventing your FICO score from being higher.

Great, who has the Colonel's secret receipe for scores? Is this a secret that no one really has the correct information? Why is it such a secret to the number of credit lines that one must have to be successful in this credit scoring system? Where is the perfect receipe for the best scores? Can't this be revealed by the big corporation so we can teach our younger children before they head to college, so they can maximize their credit rating? Time will tell but the credit corporation who holds the magic pixie dust must come forward and they will not unless we as citizens begin to come forward. Let's make a run on the credit corporation who holds the golden ticket, what do you say?

Code # 21 - You have accounts that are now currently past due !

No doubt Sherlock! A shocking revelation to a main reason your credit scores are LOW. Empower youself to capture all the Negative Reason Codes and understanding what is to understand about the Credit Scoring System today by the FICO corporation. Do you know that there are several things you can do today to "take back the ground" you have given up on Low Credit Scores. Here are a few ways:

1. Read more about the Credit Secrets Bible manual, clicking on the book above (redirects you to more information)

2. Start a repayment process to your Credit accounts by enrolling in a Debt Settlement (settling your past debts down to 40-50% of their current balances) company and certainly do this before filing for bankruptcy **email me about this process agape@swiftapproval.com

3. Start a Credit Repair Dispute process: contact me for the best option too: agape@swiftapproval.com

Credit Score - Check Credit - Negative Reason Codes

Kindest regards,

Pat Killeen is affiliated with VanDyk Mortgage Corporation a Licensed Lender in Louisville, Kentucky

For more information, please call (502) 244-5515

License #8816

Copyright 2009 by Pat Killeen, All Rights Reserved. *Credit Score - Check Credit - Negative Reason Codes!*

Mortgage - Debt Loans - Crisis of U.S. Economy 2009

Local expert available to comment on mortgage market crisis

How is the national credit crisis affecting your small town or city today? This is a challenge for you and you are faced with answering questions related to this in some form or fashion.

I've worked in the mortgage industry for 15 years, and I've funded over $70,000,000.00 in loan volumes in my career - and I've seen this market hit many highs and survive some tough lows.

Here are some of the questions I know readers are considering, and I would be happy to lend my experience and expertise to help answer them:

What is the "meltdown" that I'm reading about in the headlines?

"This refers to a culmination of factors that has led to massive tightening in credit standards among lenders. This tightening is due to an excessive number of mortgages that are both delinquent and in default. As a result of tighter credit standards and the devaluation of mortgage-backed securities, global investors are shying away from purchasing additional pools of loans, causing over 100 lenders to close and leaving many homebuyers and homeowners unable to locate financing alternatives."

Why should a HOME SELLERS be concerned about this?

"The pool of potential buyers will shrink as many find it difficult, if not impossible, to obtain mortgage financing. Experts have speculated that the number of potential buyers will contract anywhere from 15% to 30%. Sellers should also be aware that increased foreclosures can depress community values and result in a glut of local inventories, which could further drive down home prices."

Why should a HOME BUYER be concerned about this?

"Buyers need to get pre-approved before entering the market. Their Credit Scores are of the highest importance today more than ever. Clients may need to improve their credit scores to relatively reach the best interest rate and costs to take out a mortgage. The general public should be aware that they can easily dispute their own credit lines to improve there scores to obtain the best mortgage with the lowest costs. To do this they may need a helpful manual like the one called: Credit Secrets Bible: Click the book photo Link !!

While there are a lot of great deals out there, getting credit is becoming tougher and tougher, and it's taking longer and longer to complete a transaction. What you qualify for today could change tomorrow in this volatile market."


What types of loans have been most impacted by credit tightening?

"Subprime and Alt-A have suffered the greatest setback because these borrowers are at greater risk for defaulting. Subprime loans are those loans which have typically been taken by borrowers with poor credit. Alt-A type loans are for borrowers that typically have good or excellent credit but are unable or unwilling to provide documentation for income and/or assets."

What is the impact on the real estate market?

"The National Association of Realtors estimates that home sales nationally will decline by nearly 13% in 2007. Median home prices nationally are projected to fall by 1.2% in 2007. According to the PMI Group, Inc., however, many local markets are experiencing price declines well in excess of that."

I look forward to hearing from you. My contact information is listed below.

Mortgage - Debt Loans - Crisis of U.S. Economy 2009

Kindest regards,

Pat Killeen is affiliated with VanDyk Mortgage Corporation a Licensed Lender in Louisville, Kentucky

For more information, please call (502) 244-5515

License #8816

Copyright 2009 by Pat Killeen, All Rights Reserved. *Mortgage - Debt Loans - Crisis of U.S. Economy 2009!*