Credit Cleaning Companies: Illegal!Beware the latest internet pitch: “Remove poor credit from your credit report immediately and permanently!” Claims of guaranteed credit repair are out and out false and may place clients in jeopardy of committing a felony.The Tactics: A common “strategy” is to have clients to apply for a new Social Security Number, Employer Identification Number, or Taxpayer ID Number — all illegal. Another method: inundating credit bureaus with letters disputing all …

Interest Rate BuydownsWhat is an interest-rate buydown?l It’s a tool to help you qualify for a larger loan and purchase a higher-priced house than you could under normal circumstances.l A buydown allows you to pay extra points up front in return for a lower interest rate for the first few years.l The good news: the extra points are tax deductible.l Often, people relocating for employment obtain buydowns because employers often pay the extra points as part of a relocation package.l Buydowns are…

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Credit Cleaning Companies: Illegal!Beware the latest internet pitch: “Remove poor credit from your credit report immediately and permanently!” Claims of guaranteed credit repair are out and out false and may place clients in jeopardy of committing a felony.The Tactics: A common “strategy” is to have clients to apply for a new Social Security Number, Employer Identification Number, or Taxpayer ID Number — all illegal. Another method: inundating credit bureaus with letters disputing all …

Credit Cleaning Companies: Illegal!Beware the latest internet pitch: “Remove poor credit from your credit report immediately and permanently!” Claims of guaranteed credit repair are out and out false and may place clients in jeopardy of committing a felony.The Tactics: A common “strategy” is to have clients to apply for a new Social Security Number, Employer Identification Number, or Taxpayer ID Number — all illegal. Another method: inundating credit bureaus with letters disputing all …