Single Point of View

Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.

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NerdWallet: Credit Report Delinquency

imageWhat can I do if I have an erroneous delinquency on my Credit Report? I am using Credit Karma to monitor my credit. Today I received an update that a new account (under a financial institution I've never heard of; AMCA) has been placed in collections. The amount is nominal at $50. I don't know who to call to investigate, or where to call just to pay it off so I don't have this further impact my credit. Thanks in advance. 2 people found this answer helpful Shaun Erickson CFP® Boston, MA I am not familiar with CreditKarma, however, you are entitled to receive a free copy of your credit report each year from each of the 3 nationwide credit reporting companies, Experian, Equifax, and TransUnion (you simply need to request it).  Utilize www.annualcreditreport.com to request your report (this is different than the companies you see advertising on TV). You are given an option to challenge...
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NerdWallet: Mortgage Options

imageWhat mortgage options are available for people with underwater mortgages purchased after December 26, 2009? Shaun Erickson CFP® Boston, MA You can start by checking with the Attorney General's Office in your home state.  Your state may have resources to assist with loan modifications.  For example, in MA we have the HomeCorps program which provides assistance to those facing foreclosure.  http://www.mass.gov/ago/news-and-updates/initiatives/addressing-the-foreclosure-crisis/homecorps/
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