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Credit card minimums not doubling, but might still hurt
Executives at Debt Shield, Inc., a Maryland-based debt
settlement firm, said that the increased minimum monthly
payments on credit card balances will most likely not double, as
it is widely reported, but that the increase might push
financially...
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Bad Credit? Can you still get a bad credit car loan?
Thinking of applying for an fixed auto loan or car loan? You
should start requesting for your credit report as soon as
possible. All creditors, commercial banks, finance companies and
even unconventional loan sources where you apply for an fixed
auto loan will definitely look for your credit report. Even if
you are a potentially good fixed auto loan mortgagee who pays
his bills on time, you should ensure that all the information in
your credit report is up-to-date and accurate.
If you want your fixed auto loan to be approved at once, make
sure that your credit file does not contain inaccuracies. Such
inaccuracies could affect your credit rating and could possibly
result to the disapproval of your fixed auto loan application.
This is the reason why reviewing your credit report before even
applying for an fixed auto loan will save you time and money.
When applying for an fixed auto loan, your lender may use a
different standard in rating your credit merit from other
lenders. Because of this, you should read your own credit report
and try to understand how your credit file could be interpreted.
This could give you a chance to improve your credit merit from
the lender's point of view, thus, improve your chances of having
your fixed auto loan approved.
When applying for an fixed auto loan, here are the things that
you need to check on your credit report:
Clerical errors are very common and they could include payments
that have not been credited, late payments or even data from
somebody else's credit file with a similar name as yours. The
bad news is they could very well affect your fixed auto loan
application. Now even before your fixed auto loan lender can see
your credit file with such errors, you can decide if you want to
argue any inaccuracy you might find - and fast, before it ruins
your chances of having
your fixed auto loan application approved.
When applying for an fixed auto loan, you might want to close
any unused credit accounts you might have in your credit report.
This will make your credit score more attractive to a potential
fixed auto loan lender when you reduce the revolving charge
accounts which are classified as active on your credit report.
Your fixed auto loan lender might view too much revolving debt
as a minus factor when you are considering a car loan
application.
Should you have stopped using any or some of your credit
accounts, it will be better if you choose to close such
account/s. Have a notation that the account was closed at your
request, or else, your fixed auto loan lender might think the
creditor closed the account for other reasons.
If you manage your credit cards well, your chances for an
approved fixed auto loan will get improve, even to lenders who
enforce stricter guidelines for applications. Otherwise, your
ability to get an fixed auto loan could be compromised.
Between 30-day and 60-day late payments, fixed auto loan lenders
could overlook several 30-day delays. You can explain your
situation and hold on to your good credit. However, a 60-day
late payment could be a turn-off to your fixed auto loan lender.
Your fixed auto loan lender would be interested in your credit
report for the previous two years. Try to maintain a clean
credit report by paying on time and checking it regularly to
find out if your payments are properly credited.
About the author:
Simon Gelfand writes for www.ArticlesBase,com, read more about
Auto Loan on the website.
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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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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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