Mar
12
2010
A smart customer will get a copy of their up-to-date credit report prior to making any major acquisition that involves financing. The reason for this is that a credit report and score can make or break your purchase and most credit reports do contain inaccuracies. The problem is that most folks are unaware of the erroneous credit on their report and they end up receiving an unwelcome shock.
Mar
8
2010
On February 22, 2010 the new regulations of the Credit Card Act of 2009 went into effect. Most of the new regulations are a benefit for consumers as no longer will the credit card companies be able to increase interest rates on existing balances, modify payment due dates and other questionable practices that were widespread in the past. However, customers need to be particularly alert now about additional charges that could concern them because profits are down for the credit card companies in part due to the latest rules and also due to the lingering recession that is causing individuals to rely more on cash and less on credit.
Mar
8
2010
Millions of Americans are suffering from bad credit readings. This can make getting a car loan, mortgage or student loan much more difficult. Even if you do get these types of loans with bad credit, your finance charges will be much higher than if you had good credit. You can take simple steps to help repair your credit score and help eliminate an era of bad credit in your life.
Mar
8
2010
Unfortunately, very few people have “perfect credit” but having made some mistakes in the past does not mean there is not a product for you. No credit is just that. This means that the person has no information pertaining to their payment history. The good thing is that there are other things that can be taken into consideration to show you have the ability and willingness to pay your debts. One positive thing is a history of rent payments.Another thing to show is a cell phone or land line telephone bill. Utility bills are another way to show a history of paying bills. Simply having no file does not bar a person from obtaining home financing. There is no such thing as having no credit history. There is always something available to
show a history of payment.
Feb
23
2010
Reconstructionof your credit after a time of financial hardships, bankruptcy, repossessions or other financial damage that blemishes any credit report can be frightening and baffling. For most people these are times of awful stress. But times change and situations change so don’t let the liberation than comes when the profits and money get back in line be overshadowed by the tribulations left on the credit report.
Feb
22
2010
Credit scores and credit bureaus and FICO look like a three-headed monster living under your bed. Pull back the covers and see if you even care what your FICO score is this month.
So why are we (the average consumer) brainwashed into taking on debt and maintaining credit cards to keep our FICO scores high?
Credit. Buy things you don’t need with money you don’t have. Sounds like a country I know.
Feb
19
2010
Low credit scores are fairly common at this time and the recession in the economy has just made it worse. You can have an excellent credit score and miss just one payment and your score can dip as much as 100 points or more. One problem is that most people do not have any idea about how credit scores are determined, how they can drop and how to increase them.
Feb
18
2010
The Walmart Prepaid Money Card is one of the more popular options on the market today for purchasing power. Offered by lender GE Money Bank with the VISA logo, it is accepted anywhere VISA is used. You can also withdraw any amount of cash available from any ATM, as well as being honored to purchase goods online anytime.
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