Loans By Kathy: I Need Help With Credit - Part 2

I Need Help With Credit - Part 2

If your credit isn't perfect, the best action you can take is to say, "I NEED HELP WITH MY CREDIT".  With less than perfect credit the financial impact is substantial.

The first think you need to do is find out exactly what is on your credit report.  By law you are entitled to a copy of your credit report from each of the credit bureaus every 12 months.

i need help with credit

I recommend you start with one of the three repositories, Equifax, Transunion, or Experian.  Go through line by line.  Make sure all of the trade lines (each credit account) belongs to you!  Many times there is mixed information with someone that has a similiar name.  

Once you have identifed the errors, you should contact the creditor and advise them of the error.


For more information, please give me a call.


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Kathy Sheehan Senior Loan Officer






Bay Equity LLC

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11475 Great Oaks Way, Suite 350, Alpharetta, GA 30002

800.BAY.3703 Bay Equity LLC NMLS ID#76988



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The opinions and general information in this blog are soley those of Kathy Sheehan.  Specifics regarding an individual case should be discussed in detail with a loan professional.  For a confidential consultation, please feel free to contact me via phone or email.  All terms and conditions are subject to change.


Comment balloon 8 commentsKathy Sheehan • May 24 2012 04:56AM


Good tip.  Also just working on budgeting will help with your credit in the long run.

Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) about 7 years ago

Good Morning Kathy, very nice advice on credit. Working with a PROFESSIONAL like yourself is the best start a consumer can make.

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) about 7 years ago

Kathy, I read a good suggestion from Jim Frimmer.  You get one free report a year from all three.  Order one from each one every four months...and you can check discrepancies three times a year. 

Posted by Suzanne McLaughlin, Sabinske & Associates, Realtor (Sabinske & Associates, Inc. (Albertville, St. Michael)) about 7 years ago

Chuck, that is a very good point!

Scott, thank you for the compliment.

Suzanne, you are so very smart!  That is usually the advice I give my clients.

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 7 years ago

Very good advice, Kathy.  I think that people don't realize that if you are smart and work with someone, you can even purchase a home a year after a short sale.  I know two people who have already done that!

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) about 7 years ago

I like the clients that want you to tell them something that will fix it overnight. :-)  it takes some explaining, but eventually they understand that they didnt get into this mess overnight and it certainly will take longer than 'overnight' to fix it.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 about 7 years ago

Kathy, great advice...I don't think people realize how important it is to check their credit regularly

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) about 7 years ago

Ron, I recently spoke with an BK attorney that didn't know about 1 year into a Chapter 13 with trustee approval.

John, that always gets me too!

Nick, it is critical!

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) about 7 years ago