Silver: Lender's Report, Lender's Scores
& Analysis

Only $59.95
Get Your . . .
  1. FICO® Credit Scores Lenders use
  2. Complete Credit Score Analysis
  3. Potential Mortgage and Auto Loan Qualifications

Gold: Lender's Report, Lender's Scores, Analysis
& Steps to Score Improvement

Only $79.95
Get Your . . .
  1. FICO® Credit Scores Lenders use
  2. Complete Credit Score Analysis
  3. Potential Mortgage and Auto Loan Qualifications
  4. Personalized Solutions to Higher FICO® Credit Scores

My Credit Plan Blog

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Latest News and Updates

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During the Financial Crisis of 2008 and beyond, many homeowners found themselves upside down in their primary residence: they owed more on their mortgage than the value of their home. Lenders came up with a possible solution to offer consumers a loan modification. How did a modification impact their FICO® scores and their finances? There is something critically important to know before anyone goes down this path of skipping mortgage payments.

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There are times when information is disseminated which is just simply not true. CNBC’s Alexandria White’s writes that closing your oldest credit card will not have a substantive impact to your FICO Scores. Let's take a closer look at her analysis and how closing your oldest credit card can impact your FICO® scores.

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(Updated March 20, 2020) With the economy teetering from to the coronavirus, many consumers face declining income from lost hours and even losing their jobs. Some inquire about the possibility of skipping loan payments on their homes or auto from the loss of income. Is this a possibility – and will it impact your credit report / FICO® scores? Let’s take a closer look.

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Interest rates have dropped further over the last few weeks to all-time lows to the surprise of many. As a result, home purchasing power for many prospective home buyers has increased substantially since the beginning of 2020. This is one positive from the market chaos created from the coronavirus.