Your 3 credit reports play a crucial role in your financial status that can affect your quality of life. You can hardly get a home loan approved if you do not regularly monitor your credit report; that is why it is very important to know its value and role in your life because it can greatly affect you and your family’s way of living. Get your free credit report here!
Your 3 credit rating and score reports show your credit history which forms the basis for your credit worthiness. This will be further used by financial institutions in any event that you will apply for any types of loan in the future. It may also be used by your prospective employers in the event that you will apply for another job in the future. Hence, it is very important to create a clean and good credit background as shown in your credit report in order to get higher credit score which could greatly help you in many ways for whatever purposes it may serve in the future.Get your free credit report here!
Another reason why you should always check the 3 credit reports is because of the rampant cases of identity theft and inaccuracies in your reports which affected a lot of people; this resulted to unfavorable situations like unable to get a home loan or a car loan even if you are a good payer. Hence, it is very important to always request your credit rating reports every year in order to check the accuracy of all entries.Get your free credit report here!
The 3 reports are free documents sent to you upon request every year. There may be various reporting agencies around, but the three major reporting bureaus offer more credible and reliable credit valuation which could help you monitor and improve your credit score. These three main reporting agencies are the TransUnion, Experian, and Equifax.Get your free credit report here!
Therefore, every time that you request for your free credit report, you shall receive your individual credit scoring from the three main reporting bureaus. And the records contained in the 3 credit reports may determine your future financial status; as well as your standard of living.Get your free credit report here!
Unsure of your credit score? Need to secure a loan or handle your credit? Get your 3 credit report scores for free instantly today.Get your free credit report here!
Tuesday, August 18, 2009
Tuesday, August 4, 2009
unsecured loan tips
Cash Loans - Tips
Loans without collateral for cash if the borrower does not have a property to reduce debt. These loans have, in general, plus interest and are regarded as high-risk loans by the lender. Today, with different organizations, financing, banks and financial institutions in a competitive scenario, obtaining unsecured loans to cash is a quick and easy process.Get your free credit report here!
Here are some tips to quickly get a flow of unsecured loans:
Purpose of loan
You can opt for these loans to use as payment of existing debt, purchases, like a new car, weddings, holidays, etc. The amount of expenses you loan is also important and it is time to place the return of the sum. This would help interest rates.Get your free credit report here!
Search for a loan
The next step is the search for various organizations, such loans. Internet research can be a good option because the process is much faster. Some lenders are still you the same day, and you know, if your application has been accepted or not. Other lenders may even promise to an immediate decision on a matter of seconds.Get your free credit report here!
Applications for a loan
You must fill out an online form, where details such as the purpose of the loan, the amount required, credit history and other details. Applications for this loan is very simple. They are not guarantees of loans against the value of assets you need is not time to fill out complex forms. Once your application has been, is, in general, money in your bank account quickly and efficiently, often in a matter of 24 hours.Get your free credit report here!
Questions to comply
Today, there are several banks and financial institutions, loans without any guarantee of cash. But while taking a quick unsecured loans bar Note no compromise with regard to reimbursement, penalties and interest. Whether interest, if days and refund the amount of interest and the loan period. If you think you there are financial difficulties and can not, the loan on time, please contact your lender immediately. This is the protection of justice and the lender may also agree to freeze your payments for a while.Get your free credit report here!
Loans without collateral for cash if the borrower does not have a property to reduce debt. These loans have, in general, plus interest and are regarded as high-risk loans by the lender. Today, with different organizations, financing, banks and financial institutions in a competitive scenario, obtaining unsecured loans to cash is a quick and easy process.Get your free credit report here!
Here are some tips to quickly get a flow of unsecured loans:
Purpose of loan
You can opt for these loans to use as payment of existing debt, purchases, like a new car, weddings, holidays, etc. The amount of expenses you loan is also important and it is time to place the return of the sum. This would help interest rates.Get your free credit report here!
Search for a loan
The next step is the search for various organizations, such loans. Internet research can be a good option because the process is much faster. Some lenders are still you the same day, and you know, if your application has been accepted or not. Other lenders may even promise to an immediate decision on a matter of seconds.Get your free credit report here!
Applications for a loan
You must fill out an online form, where details such as the purpose of the loan, the amount required, credit history and other details. Applications for this loan is very simple. They are not guarantees of loans against the value of assets you need is not time to fill out complex forms. Once your application has been, is, in general, money in your bank account quickly and efficiently, often in a matter of 24 hours.Get your free credit report here!
Questions to comply
Today, there are several banks and financial institutions, loans without any guarantee of cash. But while taking a quick unsecured loans bar Note no compromise with regard to reimbursement, penalties and interest. Whether interest, if days and refund the amount of interest and the loan period. If you think you there are financial difficulties and can not, the loan on time, please contact your lender immediately. This is the protection of justice and the lender may also agree to freeze your payments for a while.Get your free credit report here!
Tuesday, June 9, 2009
Credit Card Blues: Tips for everyone (2)
WARNING SIGNS:
The following warning signs may be an indication of the credit card blues.
*You use credit cards to pay for basic needs, like food and gas.
*You are only able to pay the minimum balance due on your cards each month.
*You're paying above-average interest rates and can't find lower rates because of
your credit score.
*You aren't able to contribute to a savings account or IRA.
*You don't know how much you charge or how much you owe.
*You lose sleep over mounting debt.
*You transfer balances frequently to avoid credit card payments.
If any of these sound familiar, take heart- you are not alone! However, it's important that you take action now and create a plan to pay down your debt and avoid exacerbating the problem. You don't have to resign yourself to living with the credit card blues.Get your free credit report here!
The following warning signs may be an indication of the credit card blues.
*You use credit cards to pay for basic needs, like food and gas.
*You are only able to pay the minimum balance due on your cards each month.
*You're paying above-average interest rates and can't find lower rates because of
your credit score.
*You aren't able to contribute to a savings account or IRA.
*You don't know how much you charge or how much you owe.
*You lose sleep over mounting debt.
*You transfer balances frequently to avoid credit card payments.
If any of these sound familiar, take heart- you are not alone! However, it's important that you take action now and create a plan to pay down your debt and avoid exacerbating the problem. You don't have to resign yourself to living with the credit card blues.Get your free credit report here!
Wednesday, March 18, 2009
Not-For-Profit Debt Consolidation?
There are hundreds of debt consolidation companies that will help you pay off your bills by lowering your payments and interest rates. For a fee they will put you on a debt consolidation program to systematically pay off all of your debts. What if you are about to lose your home to foreclosure?Get your free credit report here!
This is where you may want to find a bank or lending institution where you can get your home remortgaged to catch up on your back payments and pay off your outstanding debts. You will also be paying one payment per month with no fees to pay. If you want to get your bills reduced and waive interest rates, sometimes the lender can help you with this, or you are perfectly capable of negotiating with your creditors yourself.
By the time a debt is in collections, it is pretty much lost to the creditor. Other entities have purchased your debt and will try to get as much as they can out of it. When you contact them with a price you can afford to pay, the chances are that they will accept the offer. If you have quite a few bills in collections you may be able to pay these off at a fraction of what they are asking.
To see where you stand you should get your credit report and review it. There are times when items are added to credit reports that do not belong to the consumer. If you see anything that doesn't look right, you need to contact the credit reporting agency and let them know which of the items you dispute. They will have to prove that the debt is indeed yours. You may find that you don't owe as much as you thought.Get your free credit report here!
There are also establishments that offer home mortgage loan rates and non profit debt consolidation. Home Finance of America, will help you with a debt consolidation loan even if your credit is not perfect. The loan will be based on the equity you have in your home. Home Finance of America will help you get out of debt, and it will be up to you to stay out of debt and work on those bad credit habits you have picked up over the years.
Most of the time bad credit is occurred when we attempt to buy on time those things we feel we cannot do without. Most of the time we don't take into consideration the interest that is tacked on for the privilege of paying on time. Credit cards are another way we slip so deep into debt. Plastic is a convenience that allows us to play now and pay later. By doing so we are adding on more debt at higher interest rates. Soon we find we are so overwhelmed by debt we can't see any way out.
That is when it is time to turn to a company with low home mortgage rates and non profit debt consolidation to get straightened out financially before your credit is ruined.Get your free credit report here!
This is where you may want to find a bank or lending institution where you can get your home remortgaged to catch up on your back payments and pay off your outstanding debts. You will also be paying one payment per month with no fees to pay. If you want to get your bills reduced and waive interest rates, sometimes the lender can help you with this, or you are perfectly capable of negotiating with your creditors yourself.
By the time a debt is in collections, it is pretty much lost to the creditor. Other entities have purchased your debt and will try to get as much as they can out of it. When you contact them with a price you can afford to pay, the chances are that they will accept the offer. If you have quite a few bills in collections you may be able to pay these off at a fraction of what they are asking.
To see where you stand you should get your credit report and review it. There are times when items are added to credit reports that do not belong to the consumer. If you see anything that doesn't look right, you need to contact the credit reporting agency and let them know which of the items you dispute. They will have to prove that the debt is indeed yours. You may find that you don't owe as much as you thought.Get your free credit report here!
There are also establishments that offer home mortgage loan rates and non profit debt consolidation. Home Finance of America, will help you with a debt consolidation loan even if your credit is not perfect. The loan will be based on the equity you have in your home. Home Finance of America will help you get out of debt, and it will be up to you to stay out of debt and work on those bad credit habits you have picked up over the years.
Most of the time bad credit is occurred when we attempt to buy on time those things we feel we cannot do without. Most of the time we don't take into consideration the interest that is tacked on for the privilege of paying on time. Credit cards are another way we slip so deep into debt. Plastic is a convenience that allows us to play now and pay later. By doing so we are adding on more debt at higher interest rates. Soon we find we are so overwhelmed by debt we can't see any way out.
That is when it is time to turn to a company with low home mortgage rates and non profit debt consolidation to get straightened out financially before your credit is ruined.Get your free credit report here!
Saturday, March 14, 2009
U.S. Debt is Too Big for the Debt Clock
Most digital clocks take an entire 60 seconds to make a change. But not the National Debt Clock displayed in Manhatten. The clock was put up in 1989 by real estate mogul Seymour Durst. It constantly updates, showing the country's amount of debt.
Recently, the clock ran out of digits to display the full amount of debt. When the clock was first put up, the country was $2.7 trillion in debt. There was enough space to display 13 digits and a dollar sign. When the deficit reached $10 trillion, the leading 1 had to share the space with the dollar sign.
The Durst Organization, who currently owns the clock says it will be replaced in 2009 and will be able to display up to a quadrillion dollars. Hopefully, the nation's debt never reaches that number. Maybe, leaving the current clock would give the government and incentive to decrease the debt.
Recently, the clock ran out of digits to display the full amount of debt. When the clock was first put up, the country was $2.7 trillion in debt. There was enough space to display 13 digits and a dollar sign. When the deficit reached $10 trillion, the leading 1 had to share the space with the dollar sign.
The Durst Organization, who currently owns the clock says it will be replaced in 2009 and will be able to display up to a quadrillion dollars. Hopefully, the nation's debt never reaches that number. Maybe, leaving the current clock would give the government and incentive to decrease the debt.
Monday, February 16, 2009
Altenative Credit Scores Provide Hope for Many Consumers
I would like to share some good news for the estimated 50 million consumers that have no credit history or a limited credit history. There is now a viable option for establishing credit outside of the traditional avenues. The National Credit Reporting Association (NCRA)--a trade group representing small regional credit agencies--in combination with an organization known as Payment Reporting Builds Credit (PRBC) has created an alternative credit score tracking and reporting service for consumers.
This service includes in its credit score calculations (in addition to the normally included credit criteria, such as credit cards, auto loans and mortgage payments), portions of consumers credit history which are very often positive (for example, rent, phone, water, heat, and other utility bills, small business loans, alimony, child support, payments), but are generally not included in the credit reports from the large national consumer credit reporting bureaus (Experian, Equifax, Trans Union) nor is used by the largest credit score provider--Fair, Isaac Co. (FICO)--in calculating credit scores.
The alternative, nontraditional credit records compiled by PRBC are turned into a "Bill Paying Score" (BPS), which creditors can use as an adjunct to enhance a consumer's traditional credit report and FICO credit score when analyzing the consumer's application for a loan. And note: under federal law--specifically, the Equal Credit Opportunity Act--creditors who use national credit bureau information when analyzing a loan application must also consider other credit information not provided by national credit reporting companies, which the consumer can provide and document (such as a BPS from PRBC).
This is especially helpful to consumers who have had credit issues in the past; they may have little inclination to take on new revolving and consumer debt because they want to stay out of trouble. While this demonstrates smarter money management, it isn't helpful for creating a new credit history with the three major credit reporting bureaus.
Credit applicants who are declined because of insufficient credit history or who feel that the addition of positive but unreported trade lines can result in a favorable underwriting decision should provide a BPS and ask creditors to reconsider their applications. Home loan applications declined by automated underwriting programs can be re-evaluated by underwriting personnel, and by law, additional credit data such as that provided by a BPS must be considered.
For more information on acquiring a BPS and related services, contact PRBC. Please note that fees do apply. Also, as a reminder, some credit and prepaid cards also offer attractive ways to establish or rebuild credit with the three major credit bureaus. Good luck on improving your credit standing!
This service includes in its credit score calculations (in addition to the normally included credit criteria, such as credit cards, auto loans and mortgage payments), portions of consumers credit history which are very often positive (for example, rent, phone, water, heat, and other utility bills, small business loans, alimony, child support, payments), but are generally not included in the credit reports from the large national consumer credit reporting bureaus (Experian, Equifax, Trans Union) nor is used by the largest credit score provider--Fair, Isaac Co. (FICO)--in calculating credit scores.
The alternative, nontraditional credit records compiled by PRBC are turned into a "Bill Paying Score" (BPS), which creditors can use as an adjunct to enhance a consumer's traditional credit report and FICO credit score when analyzing the consumer's application for a loan. And note: under federal law--specifically, the Equal Credit Opportunity Act--creditors who use national credit bureau information when analyzing a loan application must also consider other credit information not provided by national credit reporting companies, which the consumer can provide and document (such as a BPS from PRBC).
This is especially helpful to consumers who have had credit issues in the past; they may have little inclination to take on new revolving and consumer debt because they want to stay out of trouble. While this demonstrates smarter money management, it isn't helpful for creating a new credit history with the three major credit reporting bureaus.
Credit applicants who are declined because of insufficient credit history or who feel that the addition of positive but unreported trade lines can result in a favorable underwriting decision should provide a BPS and ask creditors to reconsider their applications. Home loan applications declined by automated underwriting programs can be re-evaluated by underwriting personnel, and by law, additional credit data such as that provided by a BPS must be considered.
For more information on acquiring a BPS and related services, contact PRBC. Please note that fees do apply. Also, as a reminder, some credit and prepaid cards also offer attractive ways to establish or rebuild credit with the three major credit bureaus. Good luck on improving your credit standing!
Wednesday, February 4, 2009
Don't Let Your Anger Ruin Your Credit
Let's face it, we've all had a poor experience with a customer service representative. Altoof times, when we get angry at a company employee that mistreats us, we feel as if the compan mistreated us, and we feel the need to cut ties with them. In the credit industry, that would pobably lead us to closing a card or other account in the heat of the moment. Whatever the reason may be, whether they lowered your limit, ratejacked you, or they gave really awful customer service....you're probably shooting yourself in the foot by closing that card/account.
I myself have had to deal with more than one extremely rude CSR (customer service rep). A few years ago, I was ready to close an account due to them. It seemed at the moment that te individual who obviously was having a bad day and took it out on me, represented the credit card company's opinion of me. n reality, they onll represened their job and their unprofessionalism. This occured to me when I was so angry I told a friend that I had closed the card nd was considering not paying them another cent. Then she told me something that saved both my account and future credit: "That person doesn't car what you do to te acount. You're not hurting them by ruining your own creit. You're only hurting yourself." Then it clicked... This person is just sitting in a cubical somewhere taking calls, viewing me as just another faceless problem they had to deal with. It had rang so true that i followed her advice and salvaged the account. It's easy to let CSR's repreent the banks because the banks put them out there to do so. However, the fact is that no matter how angry a phone rep makes you (or even an underwriter or even a supervisor), the common consumer as an individual really can't hurt a big bank no matter what you do to your own accounts, and closing an accoun...well that only hurts you.
So how can you show a bank how you feel about their poor decisions and/or attitude towards you and/or your account? Well, for one we can stop them from profiting from us. The best ay to go about this payin off and sockdrawering (not using) the card. Unless your card has some kind of fee attached to it, sockdrawering your card with a zero balance takes away any profits they were makng off you, without tang away from your available credit AND it continues to build age. Yes, credit cards continue to count in the ge category in the fico calculation whether they're open or closed, however positive accountsremin for 10 years AFTER they're closed. So by delaying the closure, you're retaining the positive tradeline on your report for a longer period of time.
I hope this helps in your future as far as decision making about closing accounts is concerned. I do NOT believe in keeping a sockdrawered card open if it has a fee attached (such as an annual fee). If that's the case, then closing the car wouldn't be a bad decision. If, in a moment of anger you closed an accoun and then regretted it later, some have had luck caling back and geting the account reopeed. In any case, when a bad CSR gives you a gun, don't shoot yourself in the foot with it.
I myself have had to deal with more than one extremely rude CSR (customer service rep). A few years ago, I was ready to close an account due to them. It seemed at the moment that te individual who obviously was having a bad day and took it out on me, represented the credit card company's opinion of me. n reality, they onll represened their job and their unprofessionalism. This occured to me when I was so angry I told a friend that I had closed the card nd was considering not paying them another cent. Then she told me something that saved both my account and future credit: "That person doesn't car what you do to te acount. You're not hurting them by ruining your own creit. You're only hurting yourself." Then it clicked... This person is just sitting in a cubical somewhere taking calls, viewing me as just another faceless problem they had to deal with. It had rang so true that i followed her advice and salvaged the account. It's easy to let CSR's repreent the banks because the banks put them out there to do so. However, the fact is that no matter how angry a phone rep makes you (or even an underwriter or even a supervisor), the common consumer as an individual really can't hurt a big bank no matter what you do to your own accounts, and closing an accoun...well that only hurts you.
So how can you show a bank how you feel about their poor decisions and/or attitude towards you and/or your account? Well, for one we can stop them from profiting from us. The best ay to go about this payin off and sockdrawering (not using) the card. Unless your card has some kind of fee attached to it, sockdrawering your card with a zero balance takes away any profits they were makng off you, without tang away from your available credit AND it continues to build age. Yes, credit cards continue to count in the ge category in the fico calculation whether they're open or closed, however positive accountsremin for 10 years AFTER they're closed. So by delaying the closure, you're retaining the positive tradeline on your report for a longer period of time.
I hope this helps in your future as far as decision making about closing accounts is concerned. I do NOT believe in keeping a sockdrawered card open if it has a fee attached (such as an annual fee). If that's the case, then closing the car wouldn't be a bad decision. If, in a moment of anger you closed an accoun and then regretted it later, some have had luck caling back and geting the account reopeed. In any case, when a bad CSR gives you a gun, don't shoot yourself in the foot with it.
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