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Bad Credit Repair
Building your credit after repeated interruptions is a constant
headache we all want to avoid. In this article I am going to
break it on down for you, since there are many sources that will
take full advantage of you when the opportunity...
Dealing With and Repairing Bad Credit
Bad credit can be a burden for otherwise good credit. It may not seem fair at times that financial mistakes in the past can haunt you in the present, but with a little bit of work and some time bad credit can be turned around and repaired. The...
Finance Your Car With Poor Credit
Cars don't look at your credit before they decide to breakdown.
Anyone, with poor credit or great credit, could find themselves
in a situation where they need an auto loan. Fortunately, those
with poor credit do have options available for...
Obtaining a Poor Credit Business Loan
Business owners with poor credit ratings may find it difficult
to obtain a loan for business purposes, such as expansion or to
invest in a new product. Because lenders focus primarily on
personal credit scores for business loans, you need to...
Save Money By Understanding Your Credit Card
Around £6billion a year is lost due to credit card users not understanding
how their credit card works. Too many people are dazzled by the latest deals
offered by credit card companies and end up paying more than they should, simply
...
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5 Ways Poor Credit Scores Costs You Extra Money
Most of us want a good credit report to obtain automobile
financing, credit cards, and to purchase a home. But, beyond
these consumer loans, your credit report can cost you in
everyday living expenses. What you don't know about your credit
could be costing you money.
Having a credit card means that you can order tickets, rent a
car, and reserve hotel rooms. Besides these conveniences, your
credit report can mean that you must pay higher deposits and
fees for everyday services.
Did you know that your credit history can keep you from getting
utility connections, good telephone rates, the best auto
insurance, home owner's insurance, or even keep you from getting
hired?
1. Some utility companies set minimum standards for service
connections. If your report shows collection accounts for prior
utility bills, you may not be eligible for service at all. And
if utility companies do agree to connect your service, you'll
need to pay a higher deposit than another customer with good
credit who may not need to make any deposit.
2. The same requirements exist for telephone services. People
with a good credit history don't need to pay deposits for home
telephone or cell phone services. When we first got a cell phone
with poor credit scores, we had to pay a $300 deposit, for one
cell phone. After fixing our credit, we got eight cell phones
for our business, with zero deposits.
3. What many people don't realize is that good credit enables
them to get better insurance rates. High-quality, low-cost home
owners' insurance, auto, and life insurance companies set
minimum credit standards for their policy holders; this means
that consumers with poor credit have to pay more for less
coverage. Many automobile insurance companies now
base your
monthly premiums on your credit score; these companies offer a
17% discount if your score is over 625 and a 25% discount if
your score is over 725. Why? Because according to their studies,
people who are careful with their credit are also careful with
their property and careful drivers.
4. Bad credit can cost you a job. More and more employers run an
applicant's credit report and hire the person with better
credit, assuming that better credit equals better integrity and
character. A friend of mine with a Master's Degree and a 4.0
grade average did not get hired; she was told her credit score
didn't meet their minimum standard and that they hired another
person with less education.
5. Poor credit scores means you pay more for your home
financing. Mortgages cost more in upfront fees and interest
rates for those with low credit scores. How much can you save? A
mortgage loan of $150,000, 30-year, fixed-rate mortgage,
interest rate of about 5.72 percent costs around $870 a month;
poor credit scores raise the interest rate over 9 percent and
the payments over $1,200. As you see from these payment
differences, good credit means that you can finance a more
expensive house with the same income, or save $330 each month.
Boost your credit score so you can save money on everyday
expenses, get high-quality insurance, and the best mortgage
financing.
Copyright © 2006 Jeanette J. Fisher. All rights reserved.
About the author:
FREE Credit Help Teleseminar. Get expert advice on building your
credit from real estate college instructor Jeanette Fisher. More
free credit tips http://worryfreecredit.com
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| The FTC's web site on Credit |
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| Federal Trade Commission - Consumer Credit Center |
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| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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| Springboard - Non-Profit Consumer Credit Management |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
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| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
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| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
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| Credit (finance) - Wikipedia, the free encyclopedia |
| Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
| en.wikipedia.org |
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| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
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| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
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| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
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