Have you a Bad Credit History?
Having a bad credit history can be a real nightmare and a major source of headaches. With bad credit you are pretty much financially disabled from everything except transactions that can be covered with cash. Finding an apartment to rent, trying to buy car, putting a down payment on a house, or applying for a credit card or a loan from a bank can all be activities you are basically barred from with bad credit. Banks, businesses and landlords can see your history a mile away and will avoid you like the plague. And it seems like all the steps that are supposed to build credit require good credit in the first place. How can ...
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All About Poor Credit History
Credit history or bad credit history becomes a problem when there is a default in loan payments or repayments. This is when the loan is not paid as previously agreed by the lender and the borrower. The credit reports will be informed of the unpaid load and then this "bad credit" becomes part of the borrowers credit history and can be a huge problem for borrowing in the future.
If you have a large amount of debt and a poor credit history there are still a few options that you have to overcome your financial problems. Options to get you on a better financial footing. One of the options is a debt consolidation loan which ...
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Online Scams: “Free” Credit Reports can Cost you Hundreds
A few years ago, the government passed a law allowing every citizen to receive a free annual credit report to track their credit history with the recent increase in identity theft. This report is easily available online and provides you with all three national credit reporting agencies' information on your credit history. Your score is not provided in this case.
Because of the popularity of this new law, many con artists and identity thieves have come out of the woodwork, creating free credit report web sites to scam people out of money as well as steal their identities – ironically, something the new law was supposed to help stop. There are over 100 free report web sites online at the moment; ...
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Free Credit Report – Be warned
You want a free credit report but have heard of people being caught out will Scammers and want to find out the best on the eye out to avoid these pitfall. Or you may be interested in what other information is important to know when accessioning your free credit report.
Credit reports are essential now days, they not only help you get valuable information on your financial history but they also enable you to check status of these records and correct nay incorrect information.
You also need to know what is the best way to access your report, you may be asking if you only need to get one or is it best to get ...
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Free Credit Reports, Where You Can Get Yours Today and Keep a Blazing Eye on Your Credit!
A free credit report these days can help you keep a watchful eye on your credit more than you know. Don't pass up the chance to get your free report. It's sometimes hard to face the music when it comes to credit. A lot of people like to in effect, stick their heads in the sand when it comes to credit issues.
You can be assured that this is just a recipe for disaster. One thing about credit and bills is that they do not go away until you pay then off. Accepting that you can control your credit today will save you many years of worry and hassle. It all starts with responsibility and ...
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Alternative Credit Repair Solutions
When you get your own credit card, you create a credit report that becomes the basis for future financial transactions to banks, institutions and other credit cards. Everyone has a credit report.
Your credit report contains information about your liquidity and credit standing. It shows how prompt you are in paying monthly dues, if you have the ability to pay your credit card bills and if you are deep in debt or not.
However, sometimes we can experience a financial crisis and our credit standing may be damaged. In comes a credit repair system. You see a lot of businesses offering a "guaranteed" credit repair but be warned. Some of these are misleading. They may say it's credit repair but it could ...
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Credit Scoring Explained
Confused about credit scoring? Frustrated by the so-called calculations that the bureaus use to calculate credit scores? If you answered yes to any of these questions, take a deep breath. You are not alone!
When it comes to money lending, most financial institutions strive to live by maxim of ‘only good credit need apply.' Yes, there are lending institutions that will lend to individuals or businesses with very low credit scores (known as ‘bad credit loans'), but these loans often come at a high price. These types of loans frequently come with very high interest rates and exorbitant fees that can end up costing consumers much more than the original purchase. Even if your credit ...
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How to Improve Your FICO Credit Score
If you didn't know this already, having a good credit score is more important than having a lot of cash. Putting aside the insanely rich, most people just don't have that much cash laying around. Some of us have only have a few dollars left over after expenses. Some of us manage to save a few thousand dollars. But unless you have several hundred thousand dollars in cash, you're going to need a good credit score to get around.
I know from personal experience that having a bad credit score prevented me from getting into apartment after my divorce. I argued with the property manager briefly saying "But I can pay you 2 years of ...
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Your Credit Score – It Is Important You Understand It
A persons credit score is one of the most important numbers they will ever deal with. A credit score is used by many different companies to determine the credit worthiness of a person. Almost every business a person deals with from utility companies to banks are interested in their credit score.
The credit score is based upon the things reported in the credit report. The higher the score, the better. A higher score means lower interest rates and an easier time getting lines of credit. A credit score is made up of the following information:
- 35% is based upon the persons payment history. It will be affected by making payments or not making payments.
- 30% ...
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How to Read a Credit Report
Everyone should have some basic knowledge on how to read their credit reports and what all those numbers mean. There are so many people out there today who have no idea what their credit score is, and an additional number of people who know nothing about credit reports at all. Here are a few basics that everyone should know when trying to read a credit report.
The first thing you need to be aware of is if your credit report is pulled by someone else other than yourself, this will result in a credit inquiry on your report, which will also affect your credit score. You will not be notified of this at all. The inquiry counts as a ...
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