David Saleh/Hafez Saleh NMLS # 1445052

03/16/2023

Here we go again. The start of the banking collapse 👇🏼👇🏼

Silicon Valley Bank (SVB), which collapsed last week, was a hit as a banking partner among tech startups, especially in the US.

07/17/2020

Here we go again!
Something weird is happening behind closed doors. Wait and watch!

The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.

03/23/2020

Lesson #1. Credit Basics

03/23/2020

What do you think of the name and logo?

03/14/2020

04/15/2019

how many credit cards should you have?

The easy answer to this question is: it doesn’t really matter. Most people have several lines of credit on their credit scores, including retail, general, gas, etc. One person may have 15 credit cards open with almost no revolving debt; another might only have two but they have high balances and frequent late payments. In this case, the number of cards isn’t very important — the balance and payment history is, so keeping old accounts open, rather than closing them, will generally work in your
favor. Credit card haters often say that having too many lines of debt is bad for your credit. This is untrue. As long as the consumer pays all cards on time and does not have a high usage rate, the number of cards doesn’t really matter. Additionally, the old wives’ tale that consumers
have to use all open credit cards each month or they will hurt their credit is totally false.

04/15/2019

How to maintain an Excellent Credit Score:

• Don’t apply for credit. Each time you do, your score suffers a hit.

• Don’t co-sign. When you co-sign on someone else’s loan, you’re agreeing to be responsible for
it. If that person doesn’t pay the bill, your credit score suffers.

• Pay your bills on time. One past due payment can decrease your score by 100 points. Ouch! If
you’ve accidentally missed a payment call the credit card company immediately. If you’re a good
customer, they will often wave a past-due posting if you ask.

• Pay credit card balances down to less than 25% of the available credit line. If your credit
line is $10,000, never use more than $2,500. Never max out your credit cards, even if you pay them

11/19/2017

LD