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7 Tips To Increase Your Credit Score
Having a high credit score can mean the difference of thousands of dollars of saved interest expense compared to others with a lower score. For example, if you improve credit score results from the credit bureaus, just a few points that increase...
Building Credit History
Building your credit history is important in today's time,
especially since the laws are changing. We are moving into a
system that is making it difficult for us to get ahead unless we
have excellent, or at most good credit history. Credit...
Credit Card
A credit card offers just that -credit, the right to borrow funds from a lending institution. When you make a purchase or withdraw cash (usually called a cash advance), funds are drawn from your "line of credit." You pay back the amount you...
No Fuss Credit Card Application
Today's consumers want the least possible hassle, processing
time and related fees when they make credit card applications.
One question that immediately comes to mind is acceptance.
Credit card applicants generally should not worry if they...
Understanding your credit report
If you have never read your credit report it can be a little
difficult to understand at first glance but the good news is
that your credit report gives you all the information you need
to strengthen your credit, where you need to work on...
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A Good Credit Report - The Key To Cheap Finance
Is your credit report important? There are a lot of people who
would not consider their credit rating as something too
important to them in their life. There are others who, while
recognising its importance, would not be overly concerned about
the issue or understand the reasons for its importance. Well, to
those people, they should at least be aware of some of the uses
that are made of credit reports in the world in which we live.
Lenders
While it may seem obvious to state it, credit reports are
predominantly concerned with assessing the risk involved in
lending money to you. Lenders are obsessed with one thing,
getting repaid, and their entire industry revolves around making
this occur. Therefore, they have developed the credit score that
will assess your likely hood of repaying them and this is then
used to either approve or reject your application for credit.
While this is the basic purpose, some more sophisticated lenders
desire to get in on an ever larger share of the market and in
order to lend to higher risk borrowers, they create different
categories of loans which people with lower scores can qualify
for. These loans will invariably have higher interest rates and
other less favourable conditions and this will be the price you
pay for having a lower credit rating.
Since loans are used to finance homes, education, cars, and most
other large purchases in life, the inability to get access to
credit, or only to be able to get it at less attractive
terms
and rates, is a substantially reason to care about your credit
report and try to keep it in as good a condition as possible.
Credit reports are also used when you apply for renting or
leasing accommodation. This is usually because the landlord
wants to be fairly certain that you'll be able to pay your rent
as it falls due. So keeping your credit score healthy at this
stage will pay off if you need to be approved for renting or
leasing residential property.
There is also a trend among employer to start using credit
ratings when assessing job applicants. The reasons they are
making use of credit reports are of course different for every
employer but there is a consensus that a healthy credit report
and a good past record of meeting financial commitments is a
good sign that the job applicant is someone reliable and worth
employing. While it does seem slightly perverse that the very
people that will need a job the most are precisely the ones that
can be denied it but that's the direction things are moving in.
About the author:
Joseph Kenny is the webmaster of the UK credit card comparison
site http://www.creditcards121.co
m/, where you can find a selection of credit card
advice. For US visitors there is also the comparison site http://www.credit-cards-i
nfo.com/ for all US interest free offers.
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
| Credit.com offers a variety of credit related products and services including credit reports and credit scores, credit cards, car loans, home loan and ... |
| www.credit.com |
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| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
| www.equifax.com |
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| The FTC's web site on Credit |
| Credit is much more than a piece of plastic, and the resources on this site can help you become a more savvy consumer. You’ll also find compliance ... |
| www.ftc.gov |
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| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
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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. |
| www.annualcreditreport.com |
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| Springboard - Non-Profit Consumer Credit Management |
| Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
| www.credit.org |
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| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
| myFICO.com: Get your Free credit report and Free credit score with a 30-day trial of Score Watch. All three FICO Scores and Credit Reports Available now ... |
| www.myfico.com |
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| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
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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" ... |
| en.wikipedia.org |
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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! |
| www.freecreditreport.com |
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| Compare credit cards | apply for a credit card | 0% balance ... |
| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
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| Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
| www.fordcredit.com |
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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. |
| www.creditmag.com |
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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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