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Credit Cards - Friend or Foe?
At one time or another most all of us apply for and get more credit cards than we need. We feel like we have to be able to purchase almost any type of item at anytime, whether we can really afford it or not. Having several credit cards allows one to...
Free Credit Reports From The Government
The Federal Trade Commission (FTC) has set up a new website ( www.AnnualCreditReport.com ) where US residents can obtain free copies of their credit reports from the three major credit report bureaus (Equifax, TransUnion and Experian). The FTC...
How To Accept Credit Cards Without A Merchant Account
To increase sales on your website, you must accept credit cards.
To process credit cards, you could apply for a merchant account
through your bank or other financial institution.
Sometimes, though, you would be further ahead to use...
How to score with credit
With a massive £1.3 trillion of personal debt in the UK, obtaining credit and staying financially afloat are daily dilemmas for the British consumer. Many major banks, including Lloyds TSB, have recently declared an increase in the number of...
It Is In Your Best Interest To Do The Math On Your Credit Card Interest
If you begin foaming at the mouth once a month when you receive your credit card statement, join the millions of Americans that are foaming along with you. There is a growing outrage at the seemingly endless journey towards eliminating the balance...
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Building Credit to a Better Future
Building credit is building a better future. Nowadays it takes
good credit scores to purchase a home, buy a car, and get a
credit card and so on. If your credit is bad usually more bad
follows. It takes you to find a solution to repair your credit.
The fist step in repairing your credit is to take a look at each
bill, including your past due bills.
Make sure the current bills are paid in full if possible to
avoid any more reporting on your credit report. Once you have
taken care of your current bills work toward paying off your
late bills. Some current bills such as utilities or other
unsecured bills can wait longer than others, so you might want
to payoff your secured bills first. Secured bills means that you
have more to loose so you want to take care of those first
before paying off nonessential bills and risking losing your
home, car or whatever you are paying on.
Most utility companies will wait on a bill if you don't have the
funds. You may be able to get some help paying utilities. The
Social Services and some Religious Organizations offer support
to low-income families. If you have a loan with a bank you might
want to contact your lender to see if there are options for
reducing your monthly mortgage or car payments. Some banks are
waiting for financial burdens to occur and offer a solution,
such as refinancing your home or car. You want to be careful
since some of the loans have high interest rates attached. Some
loans may even have hidden charges attached so it makes sense to
read the fine prints thoroughly so that you are not taking
advantage of. Remember you are attempting to repair your credit
so finding the best deals is important. This brings us to cut
backs.
When we are striving to repair our credits we want to cut back
on spending as much as possible. Sometimes we have to do without
in order to better our future. Credit repair is the process of
building your credit history and reestablishing your life. This
process means that you have
to look at all angles to find a
solution to repair your credit. When you are searching those
angles you need to consider all aspects of what the solutions
include.
If there are added charges you probably are getting in deeper
rather than building a better future and repairing your credit.
Debt Counselors, Deb Consolidation, Bankruptcy and other
companies that offer credit repair solutions are often the last
resort to repairing credit. Even if you think bankruptcy is the
answer you must realize you will need a few hundred dollars
upfront to start the process. Lawyers are not cheap! On top of
the high prices you will have to pay you will also go through
court proceedings as well as many other headaches.
Therefore if you can find a way out of debt on your own this is
the best solution. If you are in over your head and have nothing
to loose it might be wise to ignore your debts. This sounds
ludicrous but if you can't get out this sometimes is the only
answer to debt relief.
If you are on the spot and not so deep in debt you might ask
your family or friends for a loan, only enough to pay off your
debts. You might have to pay interest, but friends and family
will often charge less and give you a longer time frame to repay
your debt. The solution is often better than applying for a loan
to payoff your debts from a bank.
Most lenders at bank are welcoming people that are struggling
and take full advantage by finding you a loan with high interest
rates. Your monthly installments are often lower, but your price
in the end is steep. It makes sense to search all options before
deciding which solution for repairing your credit is right for
you. Always keep in mind when you are repairing credit that you
are working toward a better future.
About the author:
Tony Robinson is a business owner with vast experience in all
facets of Credit and Credit Repair - for further tips and
techniques visit http://www.officialdebtfree.com
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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 ... |
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| The FTC's web site on Credit |
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| Federal Trade Commission - Consumer Credit Center |
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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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| 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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| The Credit Card Prank |
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| 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. |
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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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