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A Guide to Finding the Best Student Credit Cards
Student credit cards annually bombard freshman as they enter college. It has become a fall ritual. Parents should be vigilant in discussing the importance and responsibilities that go along with having a credit card before the students ever leave...
Building Credit Repair
Building credit is more important now than it has ever been. If
you have bad credit, it is often hard to get an apartment, a
loan for a home, or any form of credit loans at all. Likewise,
if you have no credit at all, it is often difficult to get...
How To Accept Credit Cards
If you plan to do business online, then your website will need to accept credit cards. For many, the idea of applying for a merchant account sounds like a daunting task, but the truth is that building an online store is incredibly easy these days....
How to Get a Secured Bad Credit Loan
If you need money now, but have been repeatedly turned down for unsecured personal loans, you may still be able to get the cash you need with a secured bad credit loan. A secured loan is one in which you offer something as 'collateral' to guarantee...
How To Stop Your Creditors Cold!
Wipe Out Your Debts! If you're afraid to answer the phone because your creditors have been calling every night; and you're worried that one of them is going to call your boss and tell him you're a deadbeat; and just trying to pay off your bills...
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About Credit Scores
You may know that different businesses from cell phones to home
mortgages base a large part of their decision for giving you
their services is based on your credit score. This score is a
number between 300 and 850 and is often referred to your FICO
credit score. FICO is short for Fair Isaac Company. This company
got together with the three credit reporting agencies, Experian,
Equifax and Trans Union, in the early 1980s and created a
generic and uniform credit reporting score. Each company uses
slightly different factors to give you your score, but a 720
from Equifax is equivalent to the same score from Trans Union.
The credit agencies look at your current loans, other debts and
financial obligations, and create a credit profile of you. They
then take this profile and compare it to other people in similar
situations and give you a rank based on those peoples' past
credit performance and how likely they were to repay their
debts. Your score is the supposed to represent how likely you
are to repay your debts.
Companies will have their own method for using credit scored to
issue you credit or services. A normal evaluation would be that
a person with a score of 650 and above has good credit and the
process for getting more credit will be fast and easy. At the
620-650 range, consumers have average credit scores. They may
need to show additional information like where their income
comes from or talk with the creditor so that they may asses the
person more carefully. The terms may not be as favorable as
someone with a higher credit score. People in the low category,
620 and below, can normally still get credit, but the finance
charges will be higher and with more restrictions.
You are legally entitled to have free access to your credit
report from each of the three companies once a year. There is a
website that is a joint venture from all three companies at
www.annualcreditreport.com. This site lets you view all
the
information in your reports and can help you resolve any
inconsistencies in the report. Many people have been denied
credit based on a low FICO score, only to find out that an old
credit card still has a small balance and was never fully paid
back.
There have also been reports of video stores leaving bad
information because of rentals that were never returned. In that
case, the consumer had to pay all the late fees to have the bad
mark removed. First, a company must have your social security
number to get a credit report, and most video rental locations
do not go this far. This does, however, make a point to show
that there may be long-term consequences for misusing your
credit.
This also makes the point that it is fairly simple for a company
to put a blemish on your credit report. If there is incorrect
information reported against you, you have the right to remove
it. First you should keep in mind that the problem can often be
easily cleared up with only a few phone calls. You should keep
in mind that it may be more difficult than this and may result
in having to make your case in front of a judge in court. Keep
track of everyone you contact and what was said. Keep in mind
that if you have to argue your case in court, all of your
detailed information about how you tried to fix the problem will
be invaluable.
Don't forget, your credit score is your reputation. In the past
people would be issued credit because they knew the person and
could estimate their credit worthiness. Today the economy is
global and requires a universal system whereby someone who has
never met you can gauge your credit worthiness. Your credit
report and credit score is your reputation and it is your right
and responsibility to fix your reputation if it gets tarnished.
About the author:
Credit Card Resource, Credit Card
marketplace for the people, has been in business since 2005.
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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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