August 2004 The Allstate Lending Group Update is sent to you as a free news service providing information regarding the Mortgage Industry, Refinancing, and Company Information. Don't forget to forward to your colleagues. In this issue...
Feature Article :. Money Matters Do you know your score... FICO score, that is? Your FICO score is your credit rating, and it has become increasingly important to keep a close watch over it. There are three credit rating bureaus - Equifax, Experian, and TransUnion - that tabulate your FICO score. The better you handle your credit, the higher you’re FICO score will be. A score in the range of 720 to 850 is considered high, while a score in the range of 500 to 559 is low. High credit scores can save you big bucks on everything from credit cards to auto insurance. Also, many employers are checking prospective employees' FICO scores prior offering employment. Periodic monitoring of your FICO score is also one of the best safeguards for early detection of identity theft. A sudden drop in your score can mean that someone has stolen your identity and is on a shopping spree with your credit. There has been some talk that financial institutions might soon be offering FICO scores, including e-mail alerts to notify you of significant fluctuations in your credit rating. In the meantime you can check your FICO score by contacting the rating bureaus directly. Contact information is as follows: Equifax www.equifax.com 800-685-1111 Experian www.experian.com 888-397-3742 TransUnion www.transunion.com 800-916-8800 Allstate Lending Group Spotlight:. Allstate Lending Group Makes Charitable Contribution to Parents of Watts Allstate Lending Group has made a charitable contribution to Parents of Watts, a non-profit community-based organization providing after school programs and other positive opportunities for young people and adults in the city of Watts. The donation was initiated by loan officer Michael Kronsburg after he saw Parents of Watts Executive Director Alice Harris on the news. Recent flash flooding had ruined all the Christmas toys meant for the children of Watts. Allstate Lending Group donated specifically to replace the toys for over 3,000 children during the holidays. “We appreciate Allstate Lending Group’s act of generosity,” says Parents of Watts Executive Director Alice Harris. “You can lead a person to the trough, but you can’t make them drink. If you can create a thirst, they’ll want to drink. That’s what we do here at Parents of Watts. It’s critical we work together as a community to provide opportunities for all. These contributions enable us to provide important programs for the people of Watts.” You have received a copy of the Allstate Lending Group Update if you’d like to be removed, please click here. |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
