How can I get a good credit history?
If you’re trying to buy a house, get a car loan, or even rent an apartment, your credit history can make or break the deal for you. This is because lenders and landlords want to know whether you’re a ‘good’ risk or a ‘bad’ risk, and they use your credit rating to help them to decide. Building a good, solid credit rating is actually not such a difficult thing to do – provided that you pay attention to your bills and your budget. The best place to start is to request a copy of your credit report. You’re entitled to receive a free copy of your credit report once every twelve months from one of the three major credit-reporting agencies: ...
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Loans with no credit history- Swift cash without any heftiness of credit checks
Introduction: Going through from bad or poor credit status or even doesn’t have any credit at all? You don’t have to worry with these situations as loans with no credit history are here to give you financial assistance when you needed. It is one of the sensible ways to sort out all of your temporary financial issues silently without any hassle and heftiness of getting loads of formalities to be done first. Why you can go for loans with no credit history: One of the endearing advantages of unsecured loans no credit history is that you don’t have to go under credit checking system which removes your hassle of preparing and faxing lots of documentations and paperwork ...
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Where Can You Really Get a Copy of Your Free Credit Reports?
The offers are everywhere! Commercials with catchy jingles, free offers, scare tactics about identity theft and poor credit, it’s hard to miss them. So what’s the real deal? Is everyone allowed to give away free copies of your credit report? There are many websites that offer a free copy of your credit report but most of them will only do it if you sign up for other services like “credit monitoring.” The only place recommended by the Federal Trade Commission is “annualcreditreport” dot “com” which is set up by the three credit reporting agencies. You can also call them at 1-877-322-8228. If you’ve already gotten your free credit report for the year, you can get an additional copy of your ...
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Credit Repair Scams And What To Look Out For
It is an unfortunate truth that the credit repair industry as a whole has taken a lot of heat because of the actions of several unethical and (sometimes) illegal credit repair organizations. The Federal Trade Commission has worked with various states' attorneys general to shut-down those credit repair companies that operate outside of legal procedure. When choosing a company to help repair your credit, it is imperative that you look for an established company, which has passed the review of the FTC, Attorneys General, and the Better Business Bureau. In addition, there are other things you can look for to help you make a good decision about your credit repair.Things to look out for before hiring a credit ...
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Credit Repair And The Recession
An Urgent Need for Credit RepairCredit repair has become a necessity. Prior to the recession you could afford to have blemishes on your credit report; lenders didn't really care. If your credit score was a little low you would simply pay a modestly higher interest rate. Not the end of the world. But along with the recession came the most dramatic credit crunch ever. It started with mortgage lenders as they scrambled to mitigate risk in their real estate portfolios. Over the following year every other creditor followed in step. One thing leads to another and now millions of people are finding that without some form of remedial credit repair effort they are unable to purchase anything on ...
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Credit Repair Software
Credit Repair Software Some people believe that credit repair software is a great way to help a person get organized in a journey to a debt-free life. They might also believe that these computer programs offer ways to get organized with bill paying and valuable information for reaching financial goals. But in reality, only an experienced credit repair service can factually improve your credit score. Selecting a credit repair company to help you improve your credit score is a big decision. A typical credit repair service will cost you a few hundred dollars and will take up to a year to complete their service. Choosing the wrong credit repair company can end up wasting money and perhaps more importantly, your ...
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Improving your Credit Score
Can I improve My Credit Score? The first and most essential trick to improving your credit score is insuring the accuracy of each of your credit reports. Only after you are certain of their accuracy should you begin planning other steps to improving your credit score.
Your credit score can be improved and maintained at its peak... if you know how to do it. I recommend reading Credit Score Basics in conjunction with this article.
Scoring models such as FICO (Fair Isaac scoring model) generally evaluate the following types of information in your credit report and are weighted as suggested by the percent shown:
On Time Payment - 35%
Have you paid your bills on ...
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Loren Mccray Explains Why Two Different Lenders Can Check Your Credit Scores on the Same Day and See Different Scores
You can go to two...three...even four different lenders on the same day, only minutes apart, and each lender can see totally different scores for you.The most likely reason is that each lender may be using different versions of the FICO credit scoring software.From time to time Fair Isaac updates the software they use to determine credit scores at each of the three credit bureaus. However, when the three credit bureaus get updated software from Fair Isaac, they still make the old versions available. They don't automatically switch everyone to the new version. So new clients get the new software, but old clients remain on the old software (unless the client specifically asks for an update)....
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The Fico Credit Score – What is It?
By Aldreena M. Ferebee
What is a FICO Score?
A credit or FICO score is a numeric representation of a person’s credit profile and it is the name for the most well known credit scoring system. The acronym FICO stands for Fair Isaac Company, a California firm founded in 1956 by Bill Fair and Earl Isaac.
History
The FICO score has been around for many years, then in 1995, the mortgage and lending business started using them for the primary purpose of keeping down the expenses associated with Home Equity loans. These scores are now used by Freddie Mac and Fannie Mae in conjunction with their automated underwriting systems. In 1996 the Federal ...
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What Is My Credit Score or FICO Score
What is my credit score is an important question to get answered for financial reasons. To know What is my credit score you will have to first understand What is a credit score. The credit score which is also known as FICO score is a concept created by Fair Isaac Corporation. Fico score is proprietary of Fair Isaac Corporation and hence the formula used to calculate the Fico score is under the wraps.Credit score is a three digit number which defines an individual's credit worthiness. Higher the credit score better is an individual's credit worthiness and hence lower is the risk of lending to the individual. From Bankers to employers many use credit score as a base to ...
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