RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

FICO 9 Changes Could Impact Credit Score

October 3, 2014 1:31 am

With the rollout of FICO’s updated scoring system slated for the near future, it’s important for consumers to continue to practice good credit habits. The Better Business Bureau advises that FICO 9 will result in these three changes, which may impact your credit score.

1. Lack of credit history will be a non-factor. FICO 9’s new algorithm assesses loan risk instead of history, eliminating challenges for young adults or those with little to no credit.

2. Medical debts will hold less weight. Incurring debt from a medical circumstance is often unavoidable. Once FICO 9 goes into effect, experts estimate that those with medical debt and an otherwise good credit history will see a 25-point increase in their score.

3. Collected debt will not be heavily evaluated. Debts paid to a collections agency will have much less of an impact thanks to a forgiveness policy that could result in the addition of 100 points or more to your score.

Source: BBB

Published with permission from RISMedia.


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How to Find a Qualified Roofer

October 2, 2014 1:31 am

Many homeowners may opt to bring in a roofing contractor instead of performing a roofing evaluation themselves. So in this report, we'll tap Clement and the experts at DaVinci Roofscapes for some additional advice on finding a good roofing contractor.

First, check to make sure the roofer you are considering is insured and licensed. Then, ask for a written job estimate and references along with warranty information for both the roof you select and the roofer's installation services.

Here are some other recommendations to help find qualified installers in your area:

1. Go to a roof manufacturer’s website to see if they have a preferred installer program. Many manufacturers have special designations for roofing contractors that are skilled at installing their roofs.

2. Ask your local lumberyards, distribution centers and building product dealerships for recommendations on quality roofing installers in your area. You can also ask architects and general contractors if they have a recommendation for a roofer they feel does exceptional work.

3. Visit a website like 1800contractor.com, Home Advisor or Angie’s List. Let them match you up with installers in your specific geographic area to receive installation quotes. And, make sure to check the Better Business Bureau and Chamber of Commerce for roofer listings in your area.

4. Ask family, friends and colleagues for recommendations of reputable roofers they’ve used in the past. Select those whose services have been stand-out top quality with your friends.

5. Visit the National Roof Contractors Association (NRCA) website. In the "Consumers" section on the homepage there's a "Find a Contractor" button - plug in your zip code to find an NRCA member roofer in your area.

You'll also find other valuable information on this website regarding your roofing project.

Published with permission from RISMedia.


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