Episode Description
<style> .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } </style> <br /><!--<div class="embed-container">--><div style="text-align: center;"><!--insert embed code here--> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/0x2Isa6zAjE?rel=0" width="560"></iframe> <!--end--> <!--</div>--><div style="text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 21px;"><i><b><br /></b></i></span><span style="font-family: "arial" , "helvetica" , sans-serif; line-height: 21px;"><i><b>Selling</b></i></span><i style="font-family: arial, helvetica, sans-serif; line-height: 21px;"><b> your Dallas-Fort Worth home?</b> <span style="color: #990000;"><b><a href="http://instantbizsites.com/JennaHarris/free-evaluation" style="text-decoration: none;" target="_blank">Get a free home value report.</a></b></span></i></div></div><div style="text-align: center;"><div style="line-height: 21.56px;"><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21.56px;"><i style="line-height: 21px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b> Buying a Dallas Fort Worth home?</b> <span style="color: #990000;"><b><a href="http://swfortworthrealty.nuhomesource.com/idx/" style="text-decoration: none;" target="_blank">Get full MLS access here.</a></b></span></span></i></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21.56px;"><i style="line-height: 21px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #990000;"><br /></span></span></i></div><div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Today, </span><a href="https://fcloans.com/cpedison" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">Chris Pedison of First Choice Loan Services</span></a><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> joins us to share some insight on the lending process. He is a production manager and loan originator who has originated hundreds of loans since 2006, so he has a ton of experience. This year, he was even given the Five-Star Professional award! He was kind enough to answer some of the most common questions people have when it comes to applying for a loan.</span></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21.56px; text-align: left;"><i style="line-height: 21px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #990000;"><b id="docs-internal-guid-c04b5213-4fd3-d62b-3325-34e84caa4233" style="font-weight: normal;"><br /></b></span></span></i></div><div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Is no credit better than bad credit? </span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">A credit score is a grade of risk that tells lenders the likelihood of you defaulting on a loan. Scores range anywhere from 350-850. Those below 620 are considered poor; scores 621 to 679 are considered average; and scores 720 and above are considered excellent. If you have limited or no credit, you have a score of 0. Is this worse than having a bad score? </span></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21.56px; text-align: left;"><i style="line-height: 21px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #990000;"><b style="font-weight: normal;"><br /></b></span></span></i></div><div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If you have a score under 580, it is most likely the result of late credits, collections, judgements, or other financial gaps. In some circumstances, these slip-ups may have been unavoidable, but</span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> once your credit takes a hit like this, you need to do everything in your power to correct it. </span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">To build up your score, you have a few options, such as opening up a secure credit card or applying for installment loans, for example. </span></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21.56px; text-align: left;"><i style="line-height: 21px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #990000;"><b style="font-weight: normal;"><br /></b></span></span></i></div><div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If you have no credit, it simply means you haven’t had a chance to build it. This isn’t necessarily a bad thing, as it’s not a sign you’re unreliable when it comes to making payments, but it will still make it somewhat difficult to obtain financing. </span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It’s not bad to have credit, and the sooner you starting building a good score, the better! </span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Establishing credit is much easier to do that rectifying bad credit. It’s just a matter of getting started! </span></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"><br /></div><div style="background-color: white; border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 1px solid rgb(201, 201, 201); display: block; margin: 0px auto; padding: 20px 10px; width: 80%;"><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"><span style="color: #b40202; display: block; float: left; font-family: "arial" , sans-serif; font-size: 100px; line-height: 50px; position: absolute;">“</span></div><div style="color: black; font-weight: bold; margin-top: -20px; padding: 0px 10px; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Establishing credit is easier</span><br /><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"> than fixing bad credit!</span></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"><span style="color: #b40202; display: block; float: right; font-family: "arial" , sans-serif; font-size: 100px; line-height: 50px;">”</span></div></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; text-align: left;"><span style="color: #990000; font-family: "arial" , "helvetica" , sans-serif; font-size: 15.4px; font-style: italic; line-height: 21px;"><br /></span></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"><i style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21px;"></i></div><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; text-align: left;"><i style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21px;"><i style="font-size: 15.4px;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #990000;"><span style="color: black; font-family: "arial"; font-size: 14.6667px; font-style: normal; vertical-align: baseline; white-space: pre-wrap;">The better your credit score, the easier your life will be! If you plan on buying anytime soon, or if you want to start establishing credit so you can buy later down the road, it’s never too early to get the ball rolling.</span></span></span></i></i></div><i style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21px;"> </i><br /><div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"></div></div></div>
