Warning about Small Banks, Tiny Credit Tip #2
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\\nWarning about Small Banks
\\nDave Sullivan here with Blog number two from the tiny house series. I\\u2019m here in Muskegon and things went very well at the credit union today. We\\u2019ve 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.
\\nTomorrow we\\u2019re going to be talking about getting a spot on a local radio channel to do weekly show and we\\u2019re 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\\u2019ve recommended that you be careful about using a small Credit Union or Bank because many times they don\\u2019t report too all three of the repositories it is very common. I\\u2019m going to make sure that First General Credit Union reports to all three repositories. We\\u2019re meeting on that again tomorrow.
\\nUpdate on the tiny house, this time I wanted to show you the kitchen and then we\\u2019re going to wrap it up. Tomorrow morning I\\u2019m hoping that we can actually do an outside presentation. The lake is right across the street and it is roaring right now. It\\u2019s pretty cool and I think it\\u2019s a little bit different than you would get from the ocean. There is there something about it.
\\nThe kitchen is small or tiny but it\\u2019s got everything you need it\\u2019s 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\\u2019s really everything you need here with the with the kitchen
\\nThe credit tip is to remember that some local small credit unions and some banks could report to only one or two of the three repositories.
\\nIf you go to a small credit union or a bank ask them if they report to all three, if they don\\u2019t say yes, I would not get a credit card with them. It doesn\\u2019t 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.
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\\nIf you want to see more videos about credit and credit scoring check these out\\xa0atwww.thecreditguy.tv.\\xa0If\\xa0 you are a mortgage lender please share this on yourFacebook or LinkedIn page. \\xa0 If you have any questions, leave them down below I\\u2019d be happy to answer them.
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\\n7 secrets of a perfect credit score
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