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

Transferring College? Read This First

July 11, 2017 12:57 am

If you or someone you love is planning a college transfer, you likely know it can be a complicated process. From getting credits to transfer, to physically relocating, there is a lot to think about. Green Mountain College offers the following considerations to pay mind to.

Cost: Make sure a transfer is affordable. Pay special attention to whether your previous undergraduate credits will be honored so that you can graduate within four years, and not be required to pay for extra courses.

Culture: What does the school do to make sure you feel welcome and empowered to hit the ground running? Are there dedicated support teams and orientation programs just for transfers?

Curriculum: Is your college's specialization authentic? In the sustainability area, for instance, is this discipline a core focus in the classroom, residence halls, and community?

Career: Will your school lead to the career that you dream about? Are alumni not only employed but happy with their current situations?

Source: Green Mountain College

Published with permission from RISMedia.


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7 Easy Ways to Watch Your Credit Scores Soar

July 7, 2017 12:51 am

On the widely used FICO credit score scale, only one in 200 consumers reaches the pinnacle: a score of 850 – a score that has lenders fighting for your business and nets you the best possible interest rates on everything from automobiles  to mortgage loans.

In fact, according to Fair Isaac, the company behind the FICO score ratings, consumers who achieve a score of 750 or more are excellent candidates for favorable treatment.

But paying your bills on time and carrying no balances may not be enough to catapult your score to desired levels. Consumer finance experts at The Motley Fool offer simple tips that can help boost your scores into the stratosphere:

Ask for increased credit limits – Not because you plan to use them, but because the higher your credit limits, the less likely you are to use more than 30 percent of your aggregate credit, which is what lenders look for when they judge credit-worthiness.

Ask for lower interest rates – If you are carrying a balance, a lower interest rate can save you big bucks and help you pay it off faster – and if you pay on time each month, a request for a lower rate is granted more often than not by lenders who want to keep your business.

Keep 0-balance accounts open - Some consumers think that closing paid-off accounts will help your credit score. In fact, accounts in good standing that are left open for an extended period can help your overall score. Use them once or twice a year to ensure they stay open and aren't closed by your lender for lack of use.

Open new accounts only when it makes sense – People with good credit are constantly offered more credit. Open a new account only for a large purchase you expect to pay off quickly. Don’t open a store account to save a few bucks on a small purchase.

Focus on revolving debt first – If you carry balances, remember that revolving debt, such as department store credit cards, charge the highest interest rates – and FICO notes what kind of debt you carry.

 Check your FICO score annually – You can do so for free from each of the three credit reporting bureaus. Failing to check them annually risks not discovering errors before your scores are adversely affected.

Published with permission from RISMedia.


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