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Accepting Credit Cards For Your Online Business
Copyright 2005 Gibble LLC
Did you know that one of the best ways to increase sales for any online or offline business is to offer your customers the convenience of paying by credit card? As a merchant, you have several options available when it...
Bad Credit Mortgage Lender - What to Look For
If you have less than perfect credit and are looking to get approved for a mortgage loan, be careful not to make some common, costly mistakes. When dealing with sub-prime mortgage lenders or bad credit mortgage lenders, many people are taken...
Guide to Credit Card Terms
Listed below is a useful guide to credit card terms. It is a list of definitions of credit card terms that may or may not be familiar to you. Annual Fee Various card issuers charge an annual fee, which can help offset costs that issuers incur in...
Lower Your Credit Card APR
APR often matters the most while deciding for a credit card. It is a common (and correct) notion that credit cards with additional benefits invariably have high APRs. This is true for almost every credit card company that exists in the UK.
You...
Make Money With A Cash Back Credit Card
Cash back credit cards are a fantastic way for you to make some cash while spending on your credit card, although it does only suit the customers who pay their bill in full at the end of each month.
A cash back credit card will give you the...
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Dealing With and Repairing Bad Credit
Bad credit can be a burden for otherwise good credit. It may not seem fair at times that financial mistakes in the past can haunt you in the present, but with a little bit of work and some time bad credit can be turned around and repaired.
The important thing to remember is that options exist even for people with bad credit… and that just because it's bad now doesn't mean that it always will be.
What is credit, anyway?
Credit, also known as a credit rating, is an indication to potential lenders and service providers as to how likely a person is to repay the loan or credit line that they're offered, or how likely they are to pay their bills on time.
If you have good credit then you have a high credit rating, and have paid your bills on time most of the time in the past.
If you have bad credit then you have a low credit rating, and have had problems paying your bills on time or haven't paid some of them at all.
People with bad credit are considered a risk for new credit lines because of their past performance, and are usually either denied credit or services with new providers or have to pay security deposits and higher interest rates than those people with good credit.
What options exist for people who have less-than-perfect credit?
If you have bad credit then it might seem like you can't get anyone to take the risk to extend you a loan or credit line, at least at first glance.
In reality, though, there is an entire industry of bad credit lenders, from credit card companies to cheque advance lenders… even automotive financing and car title loans.
Many of these lenders do require security deposits or higher interest rates, but in exchange they offer services that
you might otherwise be unable to get.
Some of these lenders don't even check your credit… though it's very likely that their patrons either have bad or no credit, they offer the same terms and rates to everyone without checking.
How can you repair your credit rating?
Every day it seems like there are more companies offering amazing credit repair services, but many of them either don't work like they claim that they do, cost you more than they're worth, or are of questionable legality.
The desperation to get rid of bad credit can open you up to some scams that are mixed in with the legitimate services, so take care when dealing with any of these companies.
A far better option is to take care managing your finances and repair your credit on your own… it may take longer, but it usually ends up being cheaper in the long run.
Take care to pay your bills on time, and make payment arrangements to clear old debts. At the same time, you should establish one or two lines of credit with low credit limits (to keep them from getting out of control). Make regular on-time payments to these credit lines, letting the providers report the payments on your credit report.
As time goes by and you pay off old debts, these positive reports will overshadow the old negative ones, and the older ones will eventually be removed from your report altogether.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About the Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.
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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 ... |
| 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 |
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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" ... |
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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! |
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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. |
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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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