Quicken Loans Releases Free Credit Management & Improvement Guide Online

(Vocus) November 13, 2009 -- Quicken Loans today announced the release of a new consumer guide on managing and improving credit. The 24-page guide can be found on the Quicken Loans Home Loan U Web site, which offers extensive resources on mortgage education (https://www.quickenloans.com/education). Six other guides are also available on this Web site – with topics ranging from life events such as divorce to information on fist-time homeownership.

Despite the impact a credit score can have on an individual, many people are still unclear as to how their score is determined, what it is, and how they can improve it. For people applying for a mortgage, a credit score directly impacts how favorable of a mortgage rate they can qualify for, which can potentially save homebuyers thousands over the course of the loan.

The credit improvement guide offers an extensive explanation of credit management and credit improvement for individuals looking to learn more about their credit score, and what affects it. Scores are made up of essentially five categories, including: the account holder’s payment history, amounts owed, length of credit history, amount of new credit, and types of credit in use. Contrary to popular belief, canceling credit accounts as a method of managing one’s credit actually lowers the score rather than improving it. This is because canceling credit accounts erases the payment history, thus causing the person to lose all points gained by timely payments on that account.

Quicken Loans has also created Fresh Start™ – a personalized program to assist people looking to improve their credit. Fresh Start is aimed at helping homebuyers who are not able to purchase a home due to a low credit score take the steps necessary to qualify to purchase a home.

For more information on how to improve your score, how to monitor your credit and what impacts your credit, check out the Quicken Loans Home Loan U Guide to Managing Your Credit (https://www.quickenloans.com/education/guide/credit-score.pdf). Home buyers looking for a home loan with less than perfect credit should also check out the flexible requirements of FHA loans (https://www.quickenloans.com/home-loans/fha-loan).

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	LOAN CREDIT SCORE GUIDE: LoanCreditScore.com

	Home - Site Map - Quicken Loans Releases Free Credit Management & Improvement Guide Online (Vocus) November 13, 2009 -- Quicken Loans today announced the release of a new consumer guide on managing and improving credit. The 24-page guide can be found on the Quicken Loans Home Loan U Web site, which offers extensive resources on mortgage education (https://www.quickenloans.com/education). Six other guides are also available on this Web site – with topics ranging from life events such as divorce to information on fist-time homeownership. Despite the impact a credit score can have on an individual, many people are still unclear as to how their score is determined, what it is, and how they can improve it. For people applying for a mortgage, a credit score directly impacts how favorable of a mortgage rate they can qualify for, which can potentially save homebuyers thousands over the course of the loan. The credit improvement guide offers an extensive explanation of credit management and credit improvement for individuals looking to learn more about their credit score, and what affects it. Scores are made up of essentially five categories, including: the account holder’s payment history, amounts owed, length of credit history, amount of new credit, and types of credit in use. Contrary to popular belief, canceling credit accounts as a method of managing one’s credit actually lowers the score rather than improving it. This is because canceling credit accounts erases the payment history, thus causing the person to lose all points gained by timely payments on that account. Quicken Loans has also created Fresh Start™ – a personalized program to assist people looking to improve their credit. Fresh Start is aimed at helping homebuyers who are not able to purchase a home due to a low credit score take the steps necessary to qualify to purchase a home. For more information on how to improve your score, how to monitor your credit and what impacts your credit, check out the Quicken Loans Home Loan U Guide to Managing Your Credit (https://www.quickenloans.com/education/guide/credit-score.pdf). Home buyers looking for a home loan with less than perfect credit should also check out the flexible requirements of FHA loans (https://www.quickenloans.com/home-loans/fha-loan). ### This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice. Rate This Article: Comment on "Quicken Loans Releases Free Credit Management & Improvement Guide Online" Your Name Your Comments Verification Code: YJCMTC Enter Code:		Can You Qualify For Unsecured Home Improvement Loans? If you want to make home improvements and you are not the owner or the property, if there is not any equity left on your home or if you simply do not want to use your home as collateral, the only option for financing home improvements are Unsecured Home Improvement Loans. But, what are the requirements for approval? 3 Secrets To Clean Up My Credit Score Are you sick of being turned down for financing whether it be a loan or a credit card? Do you want to know how you can clean up your credit and get approved more often? There are many ways to help your credit and some will help it a little and others a lot. Here are 3 secrets to clean up my credit score that can change your score by over 100 points. Quizzle.com Launches New Credit Improvement Tool to Make Improving, Managing and Learning about Credit Easier than Ever Before Online Credit Improvement Action Plan, Personalized to Each User’s Credit & Financial Situation, to Help Consumers Take Their Credit to the Next Level and Keep It There Get The Truth About Fixing Your Own Credit Rating -- Lawful Fico Score Range Credit rating, you might problem it, but it seems like with regard to some of us, whenever we require it the most we can not get it! Improving Your Credit Scores Fast with Credit Repair Awesome Short Term Credit Repair