Know how your credit works – it could mean drastic changes in your interest rate

I was able to attend a seminar with John Hudson and Red Phoenix Consulting  I learned how to evaluate my credit and help others do the same.  One of the main takeaway messages I got was that free credit reports don’t mean much.  They are typically taken from just 1 out of the 3 credit bureaus and can be 35 points higher than if you get your report from a mortgage originator or from  This helped me understand why so many buyers think their credit is much higher than it actually is.

Bottom line. . .you get what you pay for.  You can get a bogus free credit report or pay $20.00 for one that means something.  If you are looking for ways to improve your credit after a divorce, bankruptcy, short sale or foreclosure, talk to John.  He is VERY knowledgable with credit issues as he has experienced many himself and he is passionate about helping people get out of a bad credit situation.

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