Mortgage Help: FICO‘s New Site Aims to Help Avoid Foreclosure - WSJ
By Mary Pilon
Despite recent brightening in economic news, foreclosure worries continue to mount for homeowners and the institutions that finance their mortgages.
To help troubled homeowners before foreclosure begins, Fair Isaac, the company that keeps the FICO credit score used for most home loans, has launched MortgageReliefOnline.com. The site debuts Friday and offers free credit counseling for consumers interested in retuning their mortgages.
If a borrower fills out the form and qualifies for free mortgage counseling, Fair Isaac will give applicants a free credit score and credit report. (You’re entitled to your free credit report once a year from each of the three credit reporting agencies at annualcreditreport.com.) But you don’t get a free credit score for just filling out the online form. (Applicants must complete a mortgage counseling session first.)
read article here… Mortgage Help: FICO’s New Site Aims to Help Avoid Foreclosure – The Wallet – WSJ.
