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Common Credit Card Terms
Whether you have a credit card or you are thinking of getting one, what ever is the type of credit card, there is a simple credit card jargon that you must be aware of.
Credit Cards: This is a card issued by a financial institution that allows...
Do We Underestimate What We Spend On Credit Cards?
An investigation organized by Egg says consumers have greatly underestimated the amount that credit cards are used throughout the United Kingdom, what this means is consumers are spending a lot more than they think. The investigation revealed that...
Finding the Bad Credit Personal Loans that You Need
It can seem impossible at times to get bad credit personal loans… every place that you go to apply for a loan turns you down without a second thought. You may feel frustrated, depressed, or overwhelmed… all because of credit mistakes that you've...
How to Find Lower Interest Rates on Bad Credit Loans
In a world where debt and poor credit are more commonplace than
they used to be, bad credit loans aren't nearly as difficult to
find as they once were. The problem associated with most bad
credit loans isn't the difficulty of finding them, it's...
Types of Credit Cards
There are a whole variety of different types of credit cards available which can make choosing the right one a very confusing experience. In order to help you decide, listed below is a useful breakdown of the various types of credit cards available....
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Credit Repair Skipping to Build
There are always solutions when it comes to repairing your
credit. We sometimes go through problems in life that makes our
life hard to manage. Sometimes we simply have to skip ahead in
order to get ahead. If you have late bills and see that you
can't meet these expectations be sure to make contact with your
creditors letting them know your situation.
If you have a situation that has put you out of work due to
disability, you can let the creditor know that you will have a
pension or other type of allowance coming soon. This will stall
your creditors and when you get the money you can put forth the
effort to repairing your credit. If you are renting and have
showed good payments in the past with your landlord you might
ask him/her if they can wait a bit longer on payment so you can
get caught up. If you are trying to save money to repair your
credit, you might even want to look for a cheaper home to lower
your costs. On the other hand, if you own your home, you might
want to look into some different options. If you see that your
payments are going to be late in the next few months, it is
always wise to contact your bank lender. If you made good
payments in the past, lenders are often happy to waive late
fees, unless it is interest only mortgages.
If you appear to have a long-term financial situation your
lender may offer a refinance option to help reduce your monthly
mortgage payments. If the lender is not willing to help you find
a solution you might want to check out other banks. Remember
there is always an option. If you run out of revenues you might
even consider selling your home. The solution is always best
since many people are searching for homes that are repossessed
or in foreclosure, or nearing one or the other. Another option
is giving the lender the keys and walking away from your
obligation. This is an option if you owe more for the home than
what it is worth. There are some disadvantages and advantages to
any option you choose.
The best solution is to estimate your monthly take home pay, and
find a solution to making ends meet. When you take out a
mortgage a wise man will often calculate all aspects before
signing an agreement. Often, many homeowners take out a loan
however and neglect to factor in long-term financial situations.
This is when it often fails and credit repair goes in motion.
For the most part, refinancing or else asking your creditors for
an extension is often better than walking away from your debt.
Some debtors often hire a lawyer that tells them we can help.
The fact is those lawyers will charge you more than you probably
owe to help get the creditors off your back. Once your debts are
paid, you might need another lawyer to get the first lawyer off
your back. Taking the smartest path to repairing credit is
always wise. If you see that you are overwhelmed with debt you
might even want to consider Bankruptcy. Chapter 7 Bankruptcy is
often a better solution than Chapter 13. Chapter 7 will free you
from your debts permanently, with the exceptions of any current
bills.
The problem is when you file Bankruptcy, whether it is 7 or 13
it goes on your credit and you have another problem. In one way
you repaired your credit, but by no means are you on the road to
building your credit history. Yes, it is true you can often get
another car or home with a bankruptcy against you, but, I know
that you will be searching high and low before you find the
companies that will give you a loan. Bankruptcy stays on your
record for ten years.
So as you see, sometimes we have to skip ahead to get ahead.
Skipping one bill to pay a more in demand bill is not necessary
a bad thing. It takes a couple of months before your bills go to
the 3 bureaus.
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 |
| 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. |
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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 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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