http://www.colbykluthe.com/ on behalf of http://www.justinepetersen.org/
Credit Builder Workshop @ Urban Cafe Studio
Host:
Justine Petersen
Thursday, November 5, 2009
7:00pm - 10:00pm
Location: 2815 North 14th Street
St. Louis, MO 63107
Description
Join the Justine Petersen Credit Club on NOV 5th @ Urban Cafe Studio (FREE WORKSHOP)No reservation required BUT encouraged
RSVP via Facebook or email @ kschell@justinepetersen.org
http://www.facebook.com/JustinePetersenORG
Monday, October 26, 2009
Tuesday, August 4, 2009
Credit Builder Workshop AUGUST 29th (FREE)
www.justinePETERSEN.org
August 29th 10AM to 11AM
(Daycare provided free of charge)
Join the Staff of justine Petersen on August 29th, for a credit builder workshop.
Topics include, building a positive credit profile, and strategies for debt managment,
budgeting, and financial health.
CLASSES ARE FREE OF CHARGE
Reserve your place by calling the JP offices 314-533-2411 or email: kschell@justinepetersen.org
August 29th 10AM to 11AM
(Daycare provided free of charge)
Join the Staff of justine Petersen on August 29th, for a credit builder workshop.
Topics include, building a positive credit profile, and strategies for debt managment,
budgeting, and financial health.
CLASSES ARE FREE OF CHARGE
Reserve your place by calling the JP offices 314-533-2411 or email: kschell@justinepetersen.org
Monday, August 3, 2009
Impact of inquiries is minimal when shopping for a mortgage
Impact of inquiries is minimal when shopping for a mortgage
Dear Experian,
We have looked at a foreclosure property and have submitted an offer. Our mortgage credit score was 820. The problem is that the bank is handling the foreclosure sale as an auction, so I have no idea where we stand since there are several bidders. If we don't get this property then we will need to have our credit checked later by another bank. How will these two checks affect my credit score?
- WKI
Dear WKI,
You don't need to worry about your credit score if it is already very strong. Although much is said and written about the impact of inquiries, they really are of minor significance for most consumers.
Also, both of your inquiries were for a mortgage, which means they have even less significance. Because consumers typically shop for the best deal for a mortgage or an auto loan, most scoring models have special rules to account for the fact that the activity relates to only one financial transaction. For example, multiple inquiries for a mortgage loan within a short period, typically 14 days, are counted as one inquiry. That minimizes any impact on your credit scores.
Even if you have another inquiry outside of that time frame, the point difference caused by an inquiry will always been relatively small.
An inquiry is a record that someone has accessed your credit report. Inquiries can represent credit risk because they indicate you may have a new debt that doesn't yet appear on your credit report as an account. So, lenders have no way of knowing if it is a large debt or small debt, or even if there is a new debt at all.
If your scores were already low, reflecting missed payments or high debt, then dropping even a few more points could cause you to be declined for new credit or affect your terms. But, if you are having problems managing your credit and now you have applied for another debt, there is a strong risk that you won't be able to repay it. Furthermore, taking on another debt could make it even harder for you to repay the debts you already have.
On the other hand, if you have a strong credit history, the impact of an inquiry on your credit scores won't be significant enough to cause you to have problems qualifying for the credit you want. Since you have always managed your credit well, you will likely manage this new credit well, too.
Continue your good credit management and you will be able to get the new home you are looking for. I hope this one turns out to be the perfect one.
Thanks for asking.
- The ”Ask Experian“ team
Dear Experian,
We have looked at a foreclosure property and have submitted an offer. Our mortgage credit score was 820. The problem is that the bank is handling the foreclosure sale as an auction, so I have no idea where we stand since there are several bidders. If we don't get this property then we will need to have our credit checked later by another bank. How will these two checks affect my credit score?
- WKI
Dear WKI,
You don't need to worry about your credit score if it is already very strong. Although much is said and written about the impact of inquiries, they really are of minor significance for most consumers.
Also, both of your inquiries were for a mortgage, which means they have even less significance. Because consumers typically shop for the best deal for a mortgage or an auto loan, most scoring models have special rules to account for the fact that the activity relates to only one financial transaction. For example, multiple inquiries for a mortgage loan within a short period, typically 14 days, are counted as one inquiry. That minimizes any impact on your credit scores.
Even if you have another inquiry outside of that time frame, the point difference caused by an inquiry will always been relatively small.
An inquiry is a record that someone has accessed your credit report. Inquiries can represent credit risk because they indicate you may have a new debt that doesn't yet appear on your credit report as an account. So, lenders have no way of knowing if it is a large debt or small debt, or even if there is a new debt at all.
If your scores were already low, reflecting missed payments or high debt, then dropping even a few more points could cause you to be declined for new credit or affect your terms. But, if you are having problems managing your credit and now you have applied for another debt, there is a strong risk that you won't be able to repay it. Furthermore, taking on another debt could make it even harder for you to repay the debts you already have.
On the other hand, if you have a strong credit history, the impact of an inquiry on your credit scores won't be significant enough to cause you to have problems qualifying for the credit you want. Since you have always managed your credit well, you will likely manage this new credit well, too.
Continue your good credit management and you will be able to get the new home you are looking for. I hope this one turns out to be the perfect one.
Thanks for asking.
- The ”Ask Experian“ team
Wednesday, July 15, 2009
justBIZ now offers CITI/BANAMEX Credit Cards!
www.justinePETERSEN.org
Justine Petersen, now offers the CITI/BANAMEX credit card at its justBIZ location!
justBIZ is located at the Emerson Park Metrolink station, and offers services relating to credit building, small business loans, and home ownership.
justBIZ serves as the Illinois office of justinePETERSEN, a St. Louis based non-profit organization.
Call our Illinois office for more information or visit in person!
justBIZ/ justinePETERSEN
929 N. 15th Street
(EMERSON PARK METRO STATION)
East St. Louis, IL 62205
www.justinePETERSEN.org
618-482-4557
Location Hours: Monday - Friday 11AM to 7PM
WALK INS WELCOME
Credit Without Debt~ Ask us HOW!
Justine Petersen, now offers the CITI/BANAMEX credit card at its justBIZ location!
justBIZ is located at the Emerson Park Metrolink station, and offers services relating to credit building, small business loans, and home ownership.
justBIZ serves as the Illinois office of justinePETERSEN, a St. Louis based non-profit organization.
Call our Illinois office for more information or visit in person!
justBIZ/ justinePETERSEN
929 N. 15th Street
(EMERSON PARK METRO STATION)
East St. Louis, IL 62205
www.justinePETERSEN.org
618-482-4557
Location Hours: Monday - Friday 11AM to 7PM
WALK INS WELCOME
Credit Without Debt~ Ask us HOW!
Tuesday, May 26, 2009
Free Credit Workshop - May 28th
Join justinePETERSEN for a FREE WORKSHOP, dealing with credit and financial health.
This event is hosted by justBIZ at the Emerson Park Metrolink Station.
RSVP via email-- ckluthe@justinepetersen.org Or Call 618-482-4557
WHEN - May 28th 5-7PM
WHERE - justBIZ @ Emerson Park (MAP LINK)
THIS EVENT IS FREE, space is limited, so reserve your place today!
Wednesday, April 22, 2009
Credit Builder Workshop 4-27-09 (FREE)
YOU ARE INVITED TO JOIN US!
justinePETERSEN & justBIZ are offering aFREE “Credit Builder Tune Up” WorkshopThe workshop includes a 45 minute workshop on how to build credit, a credit report, and a one-on-one session with our credit educators.
rsvp- ckluthe@justinepetersen.org
When: Monday, APRIL 27th from 3pm-5pmWhere: justBIZ @Emerson Park Metrolink
15th Street & Bowman AveEast St. Louis, IL 62205
Justine Petersen
Friday, April 17, 2009
Metro passes $189.2M transport budget
www.justinePETERSEN.org
Metro passes $189.2M transport budget
By Ken Leiser
ST. LOUIS POST-DISPATCH
04/17/2009
ST. LOUIS - Metro commissioners today passed a $189.2 million public transportation budget for the upcoming year, reflecting significant service cutbacks that were rolled out in March.
But Metro officials warned that bus, MetroLink and Call-A-Ride service could suffer further erosion in the future without a permanent, new source of funding.
"The problem has essentially been the lack of stable funding," said Metro Controller Kathy Klevorn. "For more than 20 years, Metro has struggled with a lack of stable, committed resources to meet the operating needs of the system."
The ongoing recession has eaten into sales taxes dedicated to Metro's transit services, Metro officials said.
St. Louis County voters defeated a half-cent increase to the transit sales tax in November, which would have generated about $40 million a year for transit operations. Following its defeat, Metro slashed transit service to hold off major budget shortfalls.
The cuts took effect March 30.
Earlier this week, Missouri lawmakers said they would consider a one-time, $20 million emergency appropriation for the upcoming budget year beginning July 1. If it is approved, Metro staff will return to the board of commissioners with an amended budget.
Metro passes $189.2M transport budget
By Ken Leiser
ST. LOUIS POST-DISPATCH
04/17/2009
ST. LOUIS - Metro commissioners today passed a $189.2 million public transportation budget for the upcoming year, reflecting significant service cutbacks that were rolled out in March.
But Metro officials warned that bus, MetroLink and Call-A-Ride service could suffer further erosion in the future without a permanent, new source of funding.
"The problem has essentially been the lack of stable funding," said Metro Controller Kathy Klevorn. "For more than 20 years, Metro has struggled with a lack of stable, committed resources to meet the operating needs of the system."
The ongoing recession has eaten into sales taxes dedicated to Metro's transit services, Metro officials said.
St. Louis County voters defeated a half-cent increase to the transit sales tax in November, which would have generated about $40 million a year for transit operations. Following its defeat, Metro slashed transit service to hold off major budget shortfalls.
The cuts took effect March 30.
Earlier this week, Missouri lawmakers said they would consider a one-time, $20 million emergency appropriation for the upcoming budget year beginning July 1. If it is approved, Metro staff will return to the board of commissioners with an amended budget.
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