Premier Blog

Latest Posts



Start your credit repair today!





  • Categories
  • Archive for the ‘Government Involvement’ Category

    Credit Score Needed for FHA Loan

    Tuesday, August 23rd, 2016

    It’s written in bold letters on FHA.com.  Credit Requirements for FHA loans, 580 or higher = 3.5% Down Payment and Lower than 580 = 10% Down Payment.  Then why can’t you get approved with that score? FHA Doesn’t Do Home Loans FHA loans are not offered by the FHA (Federal Housing Administration).  In fact, the FHA […]

    Increasing Transparency and Protection for Consumers (part 1 of 2)

    Monday, October 19th, 2015

    In 2012, the Attorney General from New York, Erik Schneiderman, started an investigation to find a solution to the high amount of complaints his office was receiving due to credit reporting issues. NYC Department of Consumer Affairs Commissioner Julie Menin cites that “debt collection is consistently one of our top complaints, with collection of debts […]

    Impact of the Credit CARD Act

    Friday, May 22nd, 2015

    On 22 May 2009 the Credit Card Accountability Responsibility and Disclosure Act was signed into law by President Obama. It received bipartisan support in both the House and the Senate. Known as the Credit CARD Act, the stated purpose of the act is ” to establish fair and transparent practices relating to the extension of […]

    Obamacare: To Help or Not To Help Credit Scores

    Monday, May 18th, 2015

    Obamacare and Credit Scores While the Affordable Care Act, more commonly known as Obamacare, does not directly deal with credit scores; Funding medical expenses is a financial issue and can become relevant to one’s credit. Medical payments can become a major part of a consumer’s credit report. In fact, 52% of all accounts reported by […]

    Lawyer and Judicial Involvement

    Monday, August 4th, 2014

    Teddy Roosevelt’s most famous quote describes his foreign policy, “Speak softly and carry a big stick.”  This saying applies well to credit restoration, where it is best to speak softly while disputing and to carry the big stick of legal action.  When dealing with big companies, you need to realize their way of working.  They […]

    The Impact of Obamacare on Medical Debt and Credit Scores

    Friday, November 22nd, 2013

    By Steven Palmer Medical bankruptcies One of the objectives of Obamacare, according to obamacarefacts.com, is to help protect American citizens from medical bankruptcy. According to Harvard researchers, 62% of all personal bankruptcies filed in the U.S. in 2007 were caused by medical problems – up from just 8% in 1981. A fact Obama uses to […]

    2013 Veterans Day

    Monday, November 11th, 2013

    By Dustin Grimnes “It is easy to take liberty for granted, when you have never had it taken from you” – Vice President, Dick Cheney. We live in a beautiful land surrounded by heroic men and women who have sacrificed everything for the freedoms we enjoy today. At Premier Credit, we offer our sincere gratitude […]

    Who has access to your credit report?

    Saturday, October 26th, 2013

    On 26 October 1970, Richard Nixon signed into law the work of Senator William Proxmire, the Fair Credit Reporting Act (FCRA).   So in honor of this act, which has been subsequently updated, today we’ll explore who under this law has permissible purpose to view your credit report.  The act allows several organizations besides just those […]

    What Every American Should Know About Credit

    Thursday, October 17th, 2013

    Amid a federal government shutdown and the US national debt approaching 17 trillion dollars, credit and debt in America is a topic of conversation at every water cooler.  October 17th is “Get Smart about Credit Day” in America, and this is the question begged to be answered, “Is the use of credit a smart thing”? […]

    Re-post: A possible fix to the problem of short sales reporting to Fannie Mae

    Monday, August 26th, 2013

      Lender poised to announce fix for practice of entering misleading information in consumer credit files Fannie Mae move comes as result of congressional scrutiny initiated by Nelson August 22, 2013 http://www.billnelson.senate.gov/news/details.cfm?id=345575& WASHINGTON, D.C. – The nation’s largest home mortgage provider is expected to announce any day now that it has found a fix to […]