Damaged Credit Articles
|
|
Date Submitted: 8th of June 2005 |
| Mark and Beth, a young married couple in their twenties,
established a goal to buy a home within the first three years
of their marriage before starting a family. They budgeted and
used their money wisely in order to save for the down payment.
Whenever they purchased something they always paid cash - no
credit cards for them. Why waste money by paying interest to a
credit card company? |
|
Date Submitted: 8th of June 2005 |
| Thanks to the FACT(Fair and Accurate Credit Transactions) Act, all U.S.
residents will be allowed one free credit report annually from each of the three
major credit reporting agencies - Equifax, TransUnion, and Experian. This
legislation makes it easy for you to keep an eye on your credit profile throughout
the year easy as 1-2-3. |
|
Date Submitted: 8th of June 2005 |
| Building a good credit history is important. If you have no
reported credit history, it may take time to establish your
first credit account. This problem affects young people just
beginning careers as well as older people who have never
used credit. It also affects divorced or widowed women who
shared credit accounts that were reported only in the
husband's name. |
|
Date Submitted: 30th of May 2005 |
| When you apply for credit the creditor or lender checks your
credit report to verify that you qualify for the credit or loan
you are applying for. The "inquiry" is then reported to the
credit bureaus and shows up on your credit report. |
|
Date Submitted: 30th of May 2005 |
| Building a good credit history is important. If you have no
reported credit history, it may take time to establish your
first credit account. This problem affects young people just
beginning careers as well as older people who have never used
credit. It also affects divorced or widowed women who shared
credit accounts that were reported only in the husband's name. |
|
Date Submitted: 30th of May 2005 |
| This summary of the Fair Credit Reporting Act will explain what
you can legally do if you want to repair your own credit report.
No matter what you hear, you can dispute credit information on
your credit report if you understand the legal rights you have
under this law. |
|
Date Submitted: 30th of May 2005 |
| As a credit repair specialist, the question I hear most often
is "what's a good credit score?". It seems
that everyone cares about their credit score these days, with
interest rates lower than ever and the easy money lending
environment we have now that comes with low rates. The
good news is, it is easier to get that loan for your house or
car than ever before. |
|
Date Submitted: 30th of May 2005 |
| A credit report is basically a file about you kept by lenders
and banks. As annoying as it may be, it's still perfectly legal
for them to gather all sorts of details about you. In turn, you
have the right to check this file - and you should do so and
inquire regularly about your credit report and your credit
score, particularly when you plan a big financial change, for
instance, before applying for a loan or a mortgage, you should
always take time and review your credit report. This allows you
not only to plan your moves accurately, but also to dispute any
mistakes that might occur in the report. |
|
Date Submitted: 30th of May 2005 |
| Today, credit is an indispensable part of our lives. In order to get the things you need, such as a home or a car, you have to apply for a credit. But you cannot get a credit without having a credit history, and you cannot get a good quality credit without having a good credit history. So, it is important to start building your credit history when you're young. |
|
Date Submitted: 27th of April 2005 |
| Creditors approve credit to those people who most closely match
the right profile. They arrive at those conclusions by assigning
point values to various items of information that are included
either on your credit application or in a credit report. |
|
Date Submitted: 10th of March 2005 |
"No man's credit is as good as his money." E.W. Howe, American
journalist, novelist 1853-1937
The American economy is based on credit. If you don't have at
least an average credit rating, you will find that getting
approved for any type of loan, or credit card, will be very
difficult - if not impossible. As the nation's economy worsens,
the money supply becomes tighter. A major factor looming on the
horizon is the growth in the national debt. At this moment, the
country's deficit is approaching a staggering four trillion
dollars! That means something like twenty cents out of every
dollar spent by the Federal Government goes toward paying off
interest on money borrowed! |
|
Date Submitted: 25th of January 2005 |
| Everyone hates late fees and being late will cost you dearly
these days. For some credit cards today, if you are late, you
will have to shell out as much as $40 each time. This can put a
nice sized hole in your pocket really quick. |
|
Date Submitted: 7th of January 2005 |
| Everyone hates late fees and being late will cost you dearly these days. For some credit cards today, if you are late, you will have to shell out as much as $40 each time. This can put a nice sized hole in your pocket really quick. |
|
Date Submitted: 7th of January 2005 |
| Secured Credit Card is similar to a prepaid credit card since the funds you are using are actually yours and not the issuer of the credit card. Generally people who apply for secured credit card or prepaid credit card are people with poor credit or unemployed. Prepaid Credit Card spending limit is the amount of money you loaded to the card. There are no interest or finance charges on a prepaid card. With secured credit card, your credit line could be from 50% to 100% of your deposit depending on the institution giving you the secured credit. Therefore the company giving you the secured credit card has zero risk. |
|
Date Submitted: 27th of December 2004 |
| Sometimes life lands you in a situation that causes your credit
to suffer. A job loss or illness can send your credit rating
south leaving you with nothing to do about it. Some creditors
may let you slide a month or two, but your records will still
show a delinquency. A stolen identity can also leave you feeling
violated and unable to resume a normal life with credit. It is
during these times you may have to search a little harder to
find companies that wan to deal with people who have bad credit.
There are a handful of lenders who will help you re-establish
your creditworthiness by using one of their credit cards. |
|
