Posts Tagged “Credit”

A number of years ago, I applied for a medical loan to pay for some dental work I needed done and was turned down due to my credit. About 2 months later, I received a free copy of my report in the mail and immediately filed it away, not daring to open the envelope lest I unleash the horrors that may lie within. You know that scene at the end of Raiders of the Lost Ark when the Nazis open the Ark of the Covenant and all those ghost-demon things pop out and melt all their faces? Well, nothing like that happened when I did eventually open my report, but dammit it felt like it COULD have…

Dealing with credit on your own can be daunting; trying credit repair on your own can seem impossible. And unlike the intrepid Dr. Jones, you can’t just close your eyes until it all goes away, unfortunately. But don’t fret too much – it’s not quite as bad as fighting off a horde of poisonous snakes. Here are some quick tips to help you get started:

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Many have wondered whether the $8,000 tax credit that was a part of President Obama’s stimulus package in February would actually stimulate home sales. It seems that it has, which is really good news for the home industry.

The National Association of Home Builders stated that more than half a million homebuyers have jumped on the temporary tax credit, which ends on December 1st. The National Association of Realtors reported that almost half of the home sales nationwide have been to first-time buyers.

This has been good news for many realtors who have been able to survive the shaky market over the last year, where, in some areas of the country, the number of homes foreclosed upon was in the thousands, and in other areas massive building projects had to stop because there were no buyers.

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