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About consumer credit
If you do not understand consumer credit, you will be far more likely to misuse credit, and ruin your financial situation. That is why the subject of consumer credit is so important. A lot of people get their first experience with consumer credit...
Buying a Home With Bad Credit - Tips on Finding the Right Broker or Lender
You can buy a home with a bad credit record; you just need to find the right mortgage financing package. Before you sign up with the first company that offers you a loan, remember to research offers to be assured you are getting a fair deal. Know...
Credit Cards and Secured Credit Cards
Credit cards are of everyday use for a lot of Americans. Even people with bad credit are getting secured credit cards so they can build their credit. The use of credit cards is not necessarily bad, but needs to be done responsibly. This means it...
Credit Repair Scams
“Erase Bad Debt !”
“Remove Negative Items From Your Report”
You’ve probably seen these headlines and others just like it promising to clean up or “fix” bad credit. For someone who suffers from a bad or poor credit rating, these headlines...
Student Credit Cards
With graduate debt averaging over £12,000, the ability to spread the cost of further education using a student credit card is obviously attractive. Adding to their appeal is the fact that these cards are relatively easy to obtain. Unlike many...
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Avoiding Bad Credit and Repair
Staying in contact with your payments each month can help you
avoid bad credit. If you research the marketplace before coming
to a purchasing decision, you are well on your way to avoiding
bad credit and repair credit hassles. You want to consider all
applications, including credit cards, student loans, mortgages,
and car loans carefully to avoid being overcharged.
Making the wise decision ahead of the game is the ultimate
solution to maintaining good credit. Most people when taking out
a home mortgage loan are not aware of the options available to
them. Many will walk in the bank door, fill out the application,
and accept the terms & conditions when offered to them. If you
ever heard the many reports that swept the pages of newspapers,
television and other advertising sources...families and
individuals are filing bankruptcy because they cannot afford
their homes anymore.
This is because these people did not take the time to check the
marketplace first and searching the options available to them.
As you can see, the millions reported are in debt and searching
for a way to repair their credit. The solution then to avoiding
bad credit and repair is to research, invest wisely, make good
decisions, and budget. Being informed and educated is two of the
best tools offered to us.
There are mortgage loans that offer overpayments and
underpayments and these loans include vacation packages and lump
sum payments to the borrowers. There are also other loans
available that offer low mortgage monthly installments and low
interest rates with insurance policies attached that will pay
your mortgage if you are sick, unemployed, in an accident and so
on.
On the other hand, there are mortgage loans that have high
interest rates, high mortgages, and balloon payments attached.
When balloon payments are attached to home mortgages it is
almost guaranteed in a few years you will be searching for a
solution to repair your credit. There are very few home lenders
willing to tell you the truth about the variety of home loans
available. Most of the lenders are making money and you are a
source of income.
It is important to scope the terms & agreements carefully as
well as
reading all fine prints on any loan contract before you
sign. If you want to avoid bad credit and repair, you want to
stay on the right path. Loans are agreements that are made
between two parties and attached are interest rates and other
fees. If you are applying for a home loan and want to avoid bad
credit, it makes sense to learn what the fees include and how
much those fees are. Anytime you take out a mortgage loan there
are upfront fees attached. In some cases, you can get a home for
little or no cost. Searching the marketplace can save you time
and money.
Some home loans offer an 'acceleration clause', which covers you
if you miss mortgage payments. The lender will apply the clause
by allowing you leniency providing you make payments the
following month on time. This type of loan is great for avoiding
bad credit, foreclosures, and repossessions. The marketplace is
swarming with realtors and other sources that will help you get
a mortgage loan affordable to you with benefits included.
Car Loans If you are applying for a car loan, it is also
important to research the marketplace carefully before agreeing
to any terms & conditions. Make sure that your find the best
deals affordable to you. College Loans College I learned a
golden rule that applies to everyone. This rule is that most car
dealers up the fees on cars 15%. This means if you negotiate
with the dealer you can get a reduction on the vehicle up to
15%.
Credit Cards Another word of advice is when applying for credit
cards you want to sway away from cards that have fees attached
and high interest rates. Avoid credit card offers that have
upfront fees offer a high line of credit.
Student Loans You also need to consider student loans. You may
be qualified for a student grant from the government. This is
the first place you want to start before committing your self to
a loan agreement.
About the author:
Eric runs a number of successful websites including
nicheprofitbuddy.com and ace-credit-repair.com which is a free
information site dedicated to help consumers repair bad credit.
For more Free
Credit Repair Information
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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 ... |
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| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
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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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