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Bad Credit Repair
Building your credit after repeated interruptions is a constant
headache we all want to avoid. In this article I am going to
break it on down for you, since there are many sources that will
take full advantage of you when the opportunity...
Get Off To A Great Start With The Right Credit Card
Looking for some great credit cards? Or want to pay off high-rated debt in affordable monthly installment? Then you have come to the right place. At http://www.startecredit.com , we offer you the best and easiest way to secure credit cards...
How Credit Repair Saved My Life
Once upon a time in my life, I was dead. Dead not in the physical sense mind you, but the consumer sense. You see, I had bad credit. Actually, bad credit would have been an upgrade. I even got a denied letter for a debit card. That's right, the...
Store cards, credit cards and loans - how to borrow money effectively.
You don't have to have the lifestyle demands of Paris Hilton to need extra money these days. According to Credit Action, the total UK personal debt was 1,122 billion, a growth of about 10.5% over the previous year and in the UK and each adult in the...
What's Your Credit Score, And What Does It Mean?
You've seen the commercial on television, no doubt. A potential buyer has just discovered that his credit score is 619. Now the number literally haunts him as he sees it on a man's jersey, on the side of a bus, just about everywhere!
For those who...
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Bad Credit Mortgage Lenders - The 3 Most Common Subprime Lending Scams
Legitimate sub-prime lenders provide a needed service to many
wishing to buy a home. By offering financing to those with
adverse credit, sub-prime lenders offer a valuable financing
options. However, predatory lenders take advantage of people
with poor credit by charging excessive fees, forcing
foreclosures, or demanding titles. To protect yourself in your
home loan search, avoid these common mortgage scams.
Excessive Interest Rates And Fees
Predatory loans require a borrower to pay excessive upfront
costs or high fees. Some state laws protect consumers by putting
caps on interest rates or fees. If you have bad credit, you
should be paying no more than 8% higher than a conventional
loan. Limits on closing costs vary, but anything more than five
points should be viewed suspiciously.
Forcing Foreclosures
Another lending scam involves lending to people so they will be
forced into foreclosures. These types of loans typically have
monthly payments so high, you can't possibly pay them. They lure
people in by promising guarantee approval or cashing out your
equity, but they charge high interest rates. Before you sign a
loan, be sure you can afford the monthly payments.
Demanding Title
A growing scam involves supposedly refinancing your mortgage,
but in reality they scammer is pocketing your cash and title.
There are many variations on this
scam, but usually these
con-artists will solicit those who have liens against their
property or received a foreclosure notice. They make a promise
of solving all your financial problems if you turn over your
title and pay an up front fee.
The scammer will then file for bankruptcy in your name that will
be dismissed since a third party initiated the process, but it
will still leave a mark on your credit report. The scammer will
also take mortgage payments from you, even though they didn't
pay off the first mortgage. In the end you may lose your house.
Protect Yourself
Protect yourself from these scams by being a savvy shopper.
Request quotes from several lenders before picking one. If you
have any questions, talk with the lending company. Legitimate
lenders will be happy to explain the process and answer any of
your questions.
Once you pick a lender, be sure you read all forms before you
sign the paperwork. According to federal law, you have three
days to cancel your mortgage after settlement. You will also be
refunded all fees, except the application fee.
About the author:
See my recommended Su
bprime Mortgage Lenders online. Carrie Reeder is the owner
of ABC Loan Guide, which offers help with loans for people with bad
credit.
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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 ... |
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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 |
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. |
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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. |
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Springboard - Non-Profit Consumer Credit Management |
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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. |
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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 ... |
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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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