Good credit, Bad Credit or in between.
Posted on May 13th, 2011
Your credit score is a snapshot of the contents of your credit report on the day the score was calculated. Using objective impartial formulas to translate the contents of your credit report into a 3-digit score allows lenders to evaluate your application for credit in a faster, fairer and more consistent manner. Remember, the credit bureaus constantly update the information on your credit report so your credit score only represents the score a lender would receive at the moment when requested. If you have a high credit score lenders conclude that you are capable of repaying your debts allowing banks and lenders to offer you good interest rates and loan offers that are competitive. Lender offers will differ based on the information provided concerning your monthly income, employment history, and monthly debt and your credit score. This information determines whether you receive an excellent offer or just a good offer. Some cred Read more…
Tags: Credit
No Comments »
Credit Help
Posted on April 21st, 2011
I have been in the credit field close to twenty years now and am very passionate about credit, bad and good. There is no cookie cutter approach for everyone. We take a no nonsense approach with the creditors and the credit bureaus as advocates for our clients. Our company can help you resolve your credit related issues resulting in better credit score ratings and attaining financial freedom.
We want to enable everyone to pursue life as it is meant to be. People face challenges in life and it is my hope that all goes well for you in your endeavors as you begin the process to help yourself attain and retain your dreams of home ownership. I hope that we are able to assist you in your credit related issues and help you attain your goals.
Our company is dedicated to assisting clients in understanding credit and how it affects them and protecting clients by working to eliminate derogatory credit information due to divorce, lawsuits, late payment history, tax liens, deferred student loans, charge off, and collections, short sold properties, foreclosed homes and bankruptcy. Ta
Tags: Credit, Credit Help
No Comments »
Credit Repair Scams: Caution Ahead
Posted on April 18th, 2011
If you have made some mistakes with credit and you find yourself with an unfortunate credit report or a low credit score, it IS possible to get back on track with some time and effort. (Click here for smart tips on boosting your own credit.)
But in some extreme situations, getting help from a qualified credit counseling agency is the way to go. In fact, I did just that when I was struggling to make loan payments after college. And it helped. If you do seek credit help, beware of bogus agencies. Here are some taglines, compliments of the Federal Trade Commission, to watch out for:
“Credit problems? No problem!” “We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!” “We can erase your bad credit — 100% guaranteed.” “Create a new credit identity — legally.”
If an agency is touting a claim like these, its probably a scam. Other red flags: th
Tags: Credit, Financial Help
No Comments »
The Scoop on Store Credit Cards
Posted on February 25th, 2011
Heck yeah I want to save 15% on my purchase! But do I want to sign up for another store credit card on the fly? If you shop anywhere—ever—you’ve probably wondered the same thing. Before you fill out that form, here are a few things to consider:
- Store cards tend to come with high interest rates. In fact, interest rates for store cards can average as high as 28.99%, versus 14.58% for regular credit cards according to a 2010 report from Congressman Anthony D. Weiner.
- Having too many cards can lower your credit score. If you have a bunch of open accounts that you don’t use, it can lower your credit score. Ditto with closing unused accounts. So if you do decide to carry store cards, consider sticking to your top two favorites rather than carrying several.
- Major card providers tend to offer bigger benefits. With store cards, you aren’t likely to get the same extended warranties, car rental insurance, reward programs and price protection you are with major credit cards.
Tags: Credit, Store Credit
No Comments »
5 Credit Myths That Lead to Disaster
Posted on February 13th, 2011
Written by Liz Davidson
Monday, February 7, 2011
The media and the credit reporting companies have done an excellent job promoting the notion of having a good credit score, almost too good a job because people seem to think that their credit score is the most important aspect of their financial life. Getting out of debt is secondary. Saving for retirement is secondary. It is almost as if when you have that perfect credit score of 720 or higher, then your life will suddenly become perfect. The advertising is working because even though everyone in the U.S. can order their credit report for free, every year millions of people are going to services that cost them $36 a year to get their “free” report.
More from Forbes.com:
• Questions to Ask a Credit Counselor
• How to Get Rid of Credit Card Debt
• Where the Low Credit Card Rates Are Hiding
[Click here to check current credit card offers, including rates and terms.]
People are obsessed with getting and keeping an excellent credit score. We hear t
Tags: Credit, Credit Myths
No Comments »
FREE CREDIT REPAIR
Posted on November 28th, 2010
Imagine all of the additional requests for credit, charges to record, and payment history to update for everyone using credit during the holidays. This month is the best month to see results through our program because the system is over burdened as it is as all of those transactions from December being processed this month and next.
If in 2010 you thought about how credit related issues affected you, remain optimistic for a brighter future for yourself in 2011. If we can just get you enrolled in our FREE program designed to help you attain your goals it WILL be a better year. I spoke to throngs and throngs of people about the consequences of a short sale verses the foreclosure of their home. I spoke to people with so much bad debt they didn’t know if they should consider debt negotiation, debt management and/or even Bankruptcy. I talked to people that were feeling so down that they actually had to look up to look down. T
Tags: Credit, Financial Help
No Comments »
Having A Good Credit Score Is Extremely Beneficial
Posted on November 12th, 2010
What does ‘credit rating’ mean? It is actually an assessment of the credit worthiness of individual citizens and corporations. Based on this assessment banks and financial institutions approve any credit facility to people and companies. The credit score is a statistical method which helps you to understand the possibilities of a party paying back the amount that has been borrowed. While dealing with credit scores you may get to hear the term “FICO score” – FICO is an acronym for the Flair Isaacs Corporation, the creator of the software that is used for calculating credit scores. Generally, scores that hover around the 350 mark is thought to be highly risky, while the scores that stand around 850 are of the lowest risk. A lot of factors are considered while assessing your credit worthiness, these are:
* The previous credit performance
* Current level of indebtedness
* The time for which credit has been used
* The types of credit presently available
* Pursuit of new credit options
What does ‘credit rating’ mean? It is actua