Posts by Micah Abigail LLC
Missed a Mortgage Payment After a Servicer Transfer? Read This
We’ve been seeing a noticeable increase in recent mortgage late payments, especially in cases where a loan was transferred to a new servicer. If you missed a payment because: Your mortgage was transferred You were locked out of the new portal You didn’t receive proper notice Payment instructions changed unexpectedly You may still have options — particularly if the…
Read More⚠️ Why Student Loans Can Wreck Your Credit Overnight (Read This Carefully)
I want to share something that just happened with one of our clients — because this is something EVERYONE needs to understand. A client called us concerned. She had been receiving notices in the mail saying she was 30 days late… then 60 days late… on her federal student loans. But when she checked her credit…
Read More⚖️ The Statute of Limitations: What You Don’t Know Can Cost You
Most people think all debt should be paid. That’s not true. And most people don’t realize that the Statute of Limitations is different in every state — and it affects more than just collections. At Micah Abigail LLC, this is something we review in every single consultation. 🔎 What Is the Statute of Limitations? The Statute of Limitations determines:…
Read MoreWhen Credit Simulators Get It Wrong
We have this conversation with lenders and clients all the time. A borrower is trying to improve their credit, so they follow the recommendations from a credit simulator or enroll in a credit counseling program and begin paying or negotiating old accounts. It sounds like the responsible thing to do. But in many cases, it’s…
Read MoreStandards aren’t walls. They’re filters. This one’s for you.
I’m not going to sugarcoat it. There have been moments in this journey where I almost compromised everything — not because of the market, not because of bad timing. Because I ignored my gut. Because I let the wrong people in. Because I stayed too long in situations that were costing me more than I…
Read MoreThe mortgage rules just changed. Here’s what it means for you.
The credit system borrowers have relied on for decades just shifted — and most people don’t know it yet. I was recently featured on Fox Business discussing one of the most significant changes to hit the mortgage industry in years: new scoring models are now taking effect, and for millions of Americans, that means your…
Read More30 years of mortgage credit scoring just changed. Your pipeline needs to know.
This is not a trend. This is a structural shift — and your borrowers are already asking questions. Last week, HUD and the FHFA officially accepted VantageScore 4.0 and FICO Score 10T, marking the first major change to mortgage credit requirements in over 30 years. I broke it down on Fox Business, and the response…
Read MoreYou’re already ahead of the biggest mortgage shift in 30 years.
The mortgage industry just changed for the first time in 30 years. I was on Fox Business this morning breaking it down. My phone hasn’t stopped ringing. Here’s the full article: https://www.foxbusiness.com/money/credit-expert-warns-borrowers-about-american-drain-new-mortgage-scoring-models-take-effect Here’s the only thing you need to know: While everyone else is just now waking up to FICO 10T and VantageScore 4.0 —…
Read MoreMost mortgage deals don’t die because of credit scores — they die because no one understands what the credit report is actually saying.
One situation that frequently surprises borrowers — and sometimes lenders — is when an SBA loan appears on a borrower’s personal credit report. Many business owners believe that if a loan was taken out for their business, it should stay with the business. However, most SBA loans require a personal guarantee from the business owner. When the…
Read MoreThe Truth About Credit Repair: Why “Fast” Usually Means Fraud
Let me be direct with you today — because what is happening in this industry is costing people their homes, their loans, and their futures. The Pattern Is Always the Same I recently taught a class where a loan originator shared something that stopped the room. He had referred clients to a woman who delivered…
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