Small Bank Warning, Tiny Credit Tip

Small Bank Warning, Dave Sullivan here with Blog number two from the tiny house series. I’m here in Muskegon and things went very well at the credit union today. We’ve got all of the social media website set up, we are the only credit union in Michigan with all of social media accounts set up.

Tomorrow we’re going to be talking about getting a spot on a local radio channel to do weekly show and we’re talking about reporting to all three repositories, it is very common for small credit unions to report to one or two of the three major repositories. In the past I’ve given a Small Bank Warning recommendation that you be careful about using a small Credit Union or Bank because many times they don’t report too all three of the repositories it is very common. We’re meeting on that again tomorrow.

Update on the tiny house, this time I wanted to show you the kitchen and then we’re going to wrap it up. Tomorrow morning I’m hoping that we can actually do an outside presentation. The lake is right across the street and it is roaring right now. It’s pretty cool and I think it’s a little bit different than you would get from the ocean. There is there something about it.

The kitchen is small or tiny but it’s got everything you need it’s got a full fridge, microwave, stove and sink it actually has a dishwasher. It was for a weekend is what this was designed for you know it’s really everything you need here with the with the kitchen

The credit tip is to remember the Small Bank Warning and some local small credit unions could report to only one or two of the three repositories.

If you go to a small credit union or a bank ask them if they report to all three, if they don’t say yes, I would not get a credit card with them. It doesn’t do you any good to build up one or two of the three major repository credit scores because you need all three to apply for a mortgage.

If you want to see more videos about credit and credit scoring check these out at www.thecreditguy.tv. If  you are a mortgage lender please share this on your Facebook or LinkedIn page.   If you have any questions, leave them down below I’d be happy to answer them.

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Go to www.getloanready.com to find other ways to improve your credit score. I’m Dave Sullivan here for the credit guy TV so you with a little bit me we’re going to change the credit industry thank you

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Small Bank Warning

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