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By Permission from Caitlin McIntire at Frederick Downtown Partnership |
Wednesday, January 13, 2016
Looking For Volunteer To Chair Frederick MD's Popular "Bring a Broom Saturday"
The Downtown Partnership is looking for a chair or co-chairs for Bring a Broom Saturday. As a co-chair for Bring a Broom Saturday, you
will work with Caitlin McIntire of the Partnership on planning event logistics.
The primary responsibility of the co-chair position is volunteer and block
captain recruitment. There is also
minimal logistical coordination with The City of Frederick. The time commitment is likely less than 10
hours between January and April and the meeting time is flexible based upon the
chairperson's schedule. Ideally, the
co-chair people would be present for the actual event on April 30, although
that is not necessary. To volunteer or
suggest someone, contact Caitlin
McIntire at caitlin@downtownfrederick.org
or call the Partnership office at 301-698-8118. Bring a Broom Saturday has it's own Facebook page: https://www.facebook.com/BringABroom/?fref=ts
Monday, January 11, 2016
Which Effects your Credit Score More? Mortgage, Credit Cards, Late Payments or Loans?

Louise: There is a lot of misunderstanding & misinformation in regards
to how different types of credit impact a consumer’s credit score. Many borrowers are under the impression that a car loan, mortgage, or other type of installment loan will raise their score immediately, as would revolving debt.
Installment Debt vs. Revolving Debt
Installment credit comes in the form of a loan that you pay back in level payments every month. The amount of the loan is determined at the time of approval, and the sum you've borrowed doesn't change over time. Examples of installment credit include mortgages and car loans.
Installment credit comes in the form of a loan that you pay back in level payments every month. The amount of the loan is determined at the time of approval, and the sum you've borrowed doesn't change over time. Examples of installment credit include mortgages and car loans.
.

Revolving accounts are the key to a healthy FICO score
You probably know that a healthy credit report
contains a varied mix of credit types; in all likelihood, you have both
revolving and installment accounts open right now. This means it's
important to know that revolving credit is a powerful
force in determining your credit score. In fact, it has the potential
to do big damage if you're not careful. It can also be used to spike a
credit score upward.
First and foremost, any account you don't pay on
time will hurt your credit. Thirty-five percent of your score comes from
your history with paying your bills by their due dates. Consequently,
it should be a priority to make all your credit
payments - revolving and installment - on time.
But revolving credit weighs 30% of one's score & is the second-biggest portion of your credit score.
Credit scores consider how much you charge on your
credit cards versus how much credit is available to you. That's called
your utilization rate. The key is to keep your utilization rate below 20
percent for each credit card account and
for all accounts in total.

A credit card carries more weight than a mortgage and car loan and can cripple a credit score without ever being late.
The reason is because credit card debts tend to move higher over time,
which weakens overall credit position.
Mortgage debt, by contrast, eventually pays down to $0.
Remember, each revolving credit trade line affects
the credit to debt ratio AND the overall summary of credit to debt
ratio. This directly translates to the FICO score. A double dip that
Installment credit does not utilize.
Revolving & installment accounts both have an
impact on your credit score. But revolving credit is especially
influential & can dramatically alter your client’s credit profile,
good or bad. If you have any questions, contact Louise Johnson, Mortgage Loan Originator, NMLS: 392935, at Prime Lending, 10 North Jefferson Street, Suite 110 Frederick, MD 21701 ljohnson@primelending.com 240.285.0757
Tuesday, January 5, 2016
January 2016 eNews from the City of Frederick: Yard Waste Update, FCAA, Plein Air Event Easels, Solid Waste, and more
Happy New Year! Here is the January 2016 eNews from the City of Frederick.
This newsletter is packed full of useful information! It is re-posted
here by permission. If you have any questions or suggestions, direct
them to Susan Harding, the city's Public Information Coordinator, and
author of the newsletter: susan@cityoffrederick.com. The topics for this month's newsletter are shown below and the articles follow. See the e-Newsletter archives for other issues. ~ Darcy Richards
Contents:
Contents:
- Talk to the Mayor Tuesday January 26th from 2-6 pm
- Yard Waste/ Stormwater Update Effective January 4th
- Productions by The City of Frederick Audio Visual Department
- Frederick Community Action Agency Helping People - Changing Lives
- Christmas Tree Recycling Sites
- Juried Plein Air Event Easels in Frederick - June 13 - 18, 2016
- Weinberg Center for the Arts January 2016 Lineup
- News from the Frederick Police Department
- Solid Waste Management News
- Alert Frederick County Emergency Notification System
- Employment Opportunities


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