|
|
|
4 Steps You Can Take If Your Online Credit Card Application Has Been Refused
Help! I’ve Been Turned Down You received an envelope in the mail with a great offer for a low interest credit card. You read all the details, even the boring small print and decided that this card fit your needs to a tee. You filled out the...
Bad Credit Loans - How to Get Credit Online
Bad Credit Loans - How to Get Credit Online 24Hourfinance.co.uk is a leading financial portal enabling UK consumers to find and compare loans, credit cards, mortgages, bank accounts and obtain cheap insurance quotes. Consumers can apply for finance...
Credit Scores and Loan Applications
Keep Your Credit History Clean - Remove A Negative Credit Record From Your Credit Report It can make a difference of up to 18% in loan repayment costs. For example, on a 30-year, $150,000 fixed rate mortgage, a borrower with the best credit score,...
Online Credit Card Application: The Easiest Way To A Customer's Heart
Many credit cards are offered in the market today thus, making
companies more aggressive in advertising and marketing their
card services. These companies (e.g. banks, department stores,
specialty stores, airlines, hotels, etc.) have found a...
Online Credit Report and Online Credit Reports
Online credit reports are easily accessible to those interested in viewing them. If you have wondered about what kind of credit score you have, you can go on the Internet and look at your online credit report. Most people are concerned that they...
|
|
| |
|
|
|
|
|
|
Credit virus Debt
Secured And Unsecured Debt. What's The Difference?
It’s easy to just think that debt is just debt, but in reality,
there are different types of loans, and it’s important to
know what which type you have.
You will need to understand the differences in order to
be a good money manager, or, if the worse happens
and you find yourself turning to credit or debt counseling,
you’ll need to understand how different types of debt
can be handled. Let’s take a look at two types of debt;
secured and unsecured loans.
Secured debt is a loan that has something attached
of value attached to it—this is called collateral.
The most common examples are car loans and mortgages.
Collateral can be cash or the item (or items) that you
borrowed in order to get. (For example, your car.)
With secured debt, if you fall behind on your payments,
the collateral can be repossessed and the lender will
sell it in order to collect the money that they are owed.
But that doesn’t always put you in the clear, in reality,
even if the collateral has been repossessed or foreclosed
on and sold, you may still remain liable for any balance
remaining until the entire amount of the loan is paid off.
Additionally, with secured debt you cannot negotiate
payments or any restructuring through credit counseling,
and oftentimes you won’t be able to discharge the debt
by filing for bankruptcy.
On the other hand, unsecured debts act totally different.
Most people associate unsecured debt with
a credit card
or a personal loan without collateral. But it can also be a
commercial debt or a medical debt.
Essentially, this type of loan is structured around a good
credit history and a personal promise to re-pay the loan.
There is no collateral on this type of debt, and the creditor
has no assurance – other than your agreement to repay
on pre-determined terms – that they will get paid.
If you fall behind on one of these debts, a lender can send
your account into collections and take legal action.
More often, they will attempt to try and work out a
reasonable debt settlement.
These debts and loans can be discharged, or restructured
in bankruptcy or through credit counseling. The bankruptcy
laws are changing.
Because of the lender’s risk factor, you will generally pay
a higher interest rate on these types of loans.
Most people have a mixture of both secured and unsecured
debts, and both should be managed with the utmost care and
concern. Many times, someone just starting to build their
credit history will have to prove themselves with a few,
small unsecured debt loans and re-payments in order to
qualify to buy a home or a car (secured debt).
But overall, the most important thing is to treat each one as it is;
a potential good mark that will improve your credit rating.
About the Author
I have written numerous articles on identity theft and credit repair.
I have a web site with inforamtion on many items.
www.nothing-but-info.com
|
|
|
|
|
| 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 |
|
| 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 |
|
| 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 |
|
| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
|
| 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 |
|
| 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 |
|
| 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 |
|
| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
|
| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
|
| 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 |
|
|