December 2007
Your Credit Score - How It Is Calculated
Tip! Try to keep your credit balances as low as possible. You can also ask the lender to increase your credit limit which can increase your credit score.
Do you know your credit score? If not, you should check it out before you make any more loan appli...
Personal Consumer Credit Reports - How Private is Your Credit Report?
Tip! Send your letter by certified mail, return receipt requested so you can document what the credit reporting agency received. Make sure your letter is dated, and don’t forget to keep copies of everything you send.
With credit card fraud and id...
Important Do-It-Yourself Debt Consolidation Facts You Should Know
Tip! If Step 7 is negative or very small, your problem is that you don’t have enough money to live on with your current debt. Debt consolidation may help you, but you need to follow a strict budget that will result in the elimination all of your ...
Finding an Alternative to Bankruptcy
Tip! You will also have to prove how well you make payments. Again, lenders will not focus on your credit payment history ending in bankruptcy but rather on the payments that you have made since your filing.
Bankruptcy can have serious, long term effec...
Save Money Using A Credit Card
Tip! Teaser rate — Often called the introductory rate, it is the below-market interest rate offered to entice customers to switch credit cards or lenders.
If you are a conscious and energetic saver, then you have most probably been told that cred...
November 2007
Personal Credit Report
Tip! Many credit card companies will decide whether or not to issue you a credit card with a high limit based on your credit report. If in doubt they may not issue a card at all or issue a card with a very low limit or risk.
Your personal credit report...
Debt Consolidation Loans Can Liberate You From The Burden Of Debts
Tip! If Step 7 is negative or very small, your problem is that you don’t have enough money to live on with your current debt. Debt consolidation may help you, but you need to follow a strict budget that will result in the elimination all of your ...
Credit Report Inaccuracies
Tip! Check Your Credit Report. Make sure you know what your credit is like.
Inaccuracies on credit reports cost consumers thousands of dollars every year. Approximately 80% of Americans have inaccuracies on their credit reports. What causes these inac...
Debt Reduction Through Debt Consolidation - How To Get Approved
Tip! Go with a company that has a good reputation. Don’t assume that every non-profit company is necessarily going to look out for your interests more than a for profit debt consolidation company.
Sometimes one of the best ways to reduce your deb...
Student Credit Card - Manage and Build Credit
Tip! Ditto for any email you receive asking you to ‘verify’ details for your credit card info by clicking on a link in the email to take you to a verification page. If it’s a company with which you do business - PayPal for instance - ...
October 2007
How to Check and Interpret Your Credit Score
Tip! Pay off debts to improve credit scores.
Credit scores are used to do everything from allow you to get a new car, a new house, a new credit card, and even new insurance. If you have a good credit score, you will then practically have a skeleton key...
Attention Home Owners: Better Loan Solutions For Credit Card Debt Consolidation
Tip! Go with a company that has a good reputation. Don’t assume that every non-profit company is necessarily going to look out for your interests more than a for profit debt consolidation company.
In any neighborhood I visit across the country, I...
Types of Bankruptcy
Tip! You are not a deadbeat if you file for bankruptcy. Most people file for relief after a life-changing experience, such as a death of a spouse, divorce or job loss or after a serious illness that left them with thousands, if not tens of thousands, ...
Consumer Credit Debt Consolidation - What are Your Options?
Tip! Go with a company that has a good reputation. Don’t assume that every non-profit company is necessarily going to look out for your interests more than a for profit debt consolidation company.
The average person carries about eight or nine cr...
Tips on How to Repair Credit Score Legally
Tip! Do not close old or paid off accounts. These show the credit history length and contribute to higher credit scores.
Understanding every detail of information on the credit report is an important step to repair your credit score. Your credit report...
Debt Consolidation Loans and You
Tip! Some companies will also charge exceptionally high debt consolidation fees to people who have high interest loans. Sometimes these fees can be extremely close to, or at the state maximum for mortgage fees.
Got credit card debt? You may be paying w...
Car Loan After Bankruptcy: Qualifying & Saving Money
Tip! It is true when they say that the bankruptcy laws can be rather complex. One of the most common is Chapter 7, which discharges all financial debts.
If you are planning to apply for a car loan after bankruptcy, there are two key items you need to f...
Life After Bankruptcy: Qualifying for Credit & Loans
Tip! Pay all of your bills on time. Bankruptcy is a means to financial recovery.
When it comes life after bankruptcy, most people are concerned with how it will affect their credit rating - and their ability to qualify for credit and loans as a result...
September 2007
The Lowdown on Citi Student Credit Card
Tip! Annual Fees - It is essential to do a cost benefit analysis on the various airlines credit card offers before selecting one. If you do not travel a great deal, it is better to go for a card with lower annual fees and a modest rewards program.
Most...
The Credit Score Rating Scale Explained
Tip! Paying off a collection account will not remove it from you credit score.
Many people are unaware of what a credit score actually means. In fact, a survey of 1,000 Americans taken in September 2004 demonstrated that only one third of people knew ...
Instant Online Credit Report Pros and Cons
Tip! Even accurate data in your credit report must be deleted if it’s not verified.
Knowing what is on your credit report is important and with the plethora of companies that offer instant online credit reports for free, getting a copy of yours i...
Cheap Credit Reports - 3 Ways to Find a Cheap or Free Report Online
Tip! The credit bureau must prove each credit record on your credit report. If this is not possible, it must be stricken from the credit report.
Knowing what is on your credit report can help to keep your personal information safe, give you a chance to...
Online Credit Card - Prepaid Debit Card
Tip! Rescuer in financially tight situations There are times when you need some extra cash immediately. In such emergency situations, when you don’t have sufficient cash you can go on credit by using your credit card.
The numbers vary on how many...
