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5 Things How Credit Report Rating Can Save You From Fictitious Credits
5 Things How Credit Report Rating Can Save You From Fictitious Credits Let us see the bigger picture why there is a stirring need to check our credit report rating. To know the creditworthiness of an individual, lenders rely on credit report scoring...
Accept Credit Card In Your Business
Should you accept credit card in your business transactions?
Many small companies or home-based businesses avoid doing so
because of their concern over fees and expenses that may drain
away potential profits. Yet the actual cost of...
Dangers of credit cards
Credit cards can be very advantageous to the smart consumer who uses them wisely by giving you credit to buy what you need without having the needed up-front cash, and letting you make payments over time. But if you are not mindful of the terms of...
Getting the Personal Loans UK with Bad Credit
Personal loans UK can be very useful... they can be used to consolidate debt, make large purchases, and even repair your home. The only problem with personal loans UK is that they might seem difficult to obtain at first, especially if you have less...
One Solution to Bad Credit - how to beat the Credit Bureaus at their own game.
There's only one sure way of freeing yourself from the shackles of bad
credit . Create a new credit file within the credit bureau's
computer system!
The credit bureau has many identities entering their system for
the first time or leaving...
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Bad Credit Auto Loan Refinance - Bad Credit Auto Refinance Tips
Most people know that it is possible to refinance their homes
but did you know it is also possible to refinance your auto?
Indeed for many people who have high interest sub prime car
loans, refinancing their auto loans may be a wise decision. How
do you know when refinancing your bad credit auto loan might be
a good idea? And once you have decided to refinance, how should
you go about doing it so that you actually improve your loan
situation?
Just as when you refinance your home loan, when you refinance
your auto loan the old loan is paid off in full and it is
replaced by a new loan. If when you bought your car your credit
score was below 620, the interest rate on your auto loan may be
significantly above the interest rate you can qualify for today.
By refinancing your bad credit auto loan the monthly payment may
go down substantially. Also, over the life of the loan you may
save several thousand dollars in interest payments.
You may be a candidate for an auto loan refinance if
Your car loan has become "seasoned"; that is, if you have had it
for at least a year.
You have made your payments in a timely manner.
Your car's value is more than the amount you owe on it.
If all of the above statements are true, then it may be time to
investigate refinancing your car.
First, make sure you are fully aware of the state of your
current credit report and current credit rating. Both of these
are easily available online. You are entitled to one free credit
report each year. Your current credit score (FICO score) should
also be
available for a nominal fee.
Second, find out your car's value. Having your car appraised is
not a requirement for refinancing your auto loan but you should
know its value. Most auto loan refinance companies require that
your loan be at least $7,500 so your car value must be at least
that amount. At your local bookstore and online there are many
resources for estimating your car's worth. Two of the most
popular sources are the Kelley Blue Book and Edmunds Buyer
Guides. Be sure and have a realistic eye when surveying your
car's condition, you can be sure your lender will.
Third, research the available lenders. It may be that your
current lender will be open to refinancing your car. However,
you should shop around for the institution that will give you
the lowest interest rate and refinance as small an amount as
possible. When these two conditions are met you will then also
get the lowest monthly payment available.
Fourth, as with any loan, have all offers put in writing. Take
the time to read the fine print and compare the proposals.
Finding a lender to refinance your bad credit auto loan may take
some time and effort. The savings to your pocketbook every month
and over the life of the loan, however, can easily make the time
and effort worthwhile.
About the author:
Carrie Reeder is the owner of www.abcloanguide.com, an
informational website about various types of loans. View her
recommended Bad
Credit Car Refinance lenders.
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| Credit Reports - Credit Cards - Car Loans - Home Loans - 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 ... |
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| The FTC's web site on Credit |
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| www.ftc.gov |
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| Federal Trade Commission - Consumer Credit Center |
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| 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 |
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| www.credit.org |
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| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
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| Credit Suisse Global |
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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! |
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| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
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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. |
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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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