|
|
|
Consolidate A Credit Card To Reduce Your Debt
Strange though it may sound a credit card can be a useful tool
in controlling debt. The properly chosen credit card can, in
fact, be used to consolidate debt. There are several features to
look for though if you plan to use a credit card in this...
Is There Such A Thing As A Free Credit Card?
A lot of people have been wondering how they could score a free credit card. They have been searching the World Wide Web for resources that would point them to free credit cards of any variety.
This interest in those things that many have labeled...
Maxing Out on the Minimum: Don’t Get Trapped Making Minimum Credit Card Payments
It’s an easy trap to fall into: you get that pre-approved credit card offer in the mail, most likely with an appealing introductory interest rate for the first six months. You feel like you deserve a little extra spending money, and the minimum...
The Online Mortgage Application Is The Best Option For Good & Bad Credit
Are you ready to fill out a mortgage application and get your
home loan process going? Consider applying for your mortgage
online in order to get the best interest rate and the best loan
program for you.
There are many mortgage companies...
Vital role of credit cards
Credit card processing is vital to operating any business in
today's society. A merchant account is the service provided by
processing banks in association with Visa, MasterCard, American
Express, Discover and other credit card companies, which...
|
|
| |
|
|
|
|
|
|
Establishing Credit, the Great Task
"How do I establish credit, when I don't have a credit history"?
This is probably the most commonly asked question by most
consumers looking to open a credit account. Not having credit
can be just as difficult as having bad credit unless you know
how to go about proving yourself to a potential creditor.
The crazy catch twenty-two: How can you get credit if nobody is
willing to extend you credit because you don't have any credit
history? A good place to start is by obtaining a letter of
credit from a company that you have been dealing with already
that does not report to the credit reporting agencies.
An example would be your electric company. It is possible to
contact your electric company and request a letter of credit.
They are likely to require that you have had an account with
them for at least a year as with most companies that you are
asking for a letter of credit. Your cable company may be another
option for a letter of recommendation for credit. If you have
had an open account for at least a year and have made on time
monthly full payments, without payment arrangements, these two
companies are good candidates to provide you with a letter of
recommendation for credit.
To establish credit either with or without a letter of
recommendation for credit, you could also start with your
banking institution. All banks offer credit card and loan
accounts. If you have banked with the institution for at least a
year (sometimes 6 months) they may strongly consider extending
you a line of credit. In the beginning of any credit account,
your interest rate may be high, but don't despair, after your
first positive review in about 6 months, the interest rate may
fall dramatically as well as your payments if you have been
making minimum payments.
Just to get you started. Your new account may be very low. After
about 6 months of on time payments, your lender may review your
account for a larger credit line. The smartest technique is to
start with baby steps. Start with just a small account, pay the
accounts regularly, get used to the monthly obligation, and make
on time monthly payments before jumping into any other credit
account(s). You are very likely going to find creditors coming
out of the wood work and
hunting you down to offer you a line of
credit, consider their offers with caution. Actually, the best
recommendation is to give your self at least 6 months to a year
before taking on a new account. Jumping in too fast can easily
wipe out all of the hard work you have done so far to establish
some credit.
Once you jump on the credit bandwagon, it is vital that you
keep track of your own credit rating. You will find many great
offers online for programs that can inform you, on a regular
basis, of your credit standings. You could also request your
free annual credit report and verify your status regularly.
Once your credit becomes active, keeping track of your credit
report is crucial for many reasons:
1. It could prevent the use of a fraudulent credit account by an
unknown user. 2. It could prevent the unfortunate event of
somebody stealing your identity and using your credit. 3. It
could help find a lost payment and assist you with keeping track
of how your creditor is reporting your payment activity. 4. It
is just good credit etiquette to know your own credit rating. 5.
Knowing your own credit rating and status gives you bartering
power when dealing with a new potential creditor.
Once you've established some credit, take caution with accepting
credit offers from other creditors, look into the interest rate
the lenders are offering, consider the monthly obligation in
addition to your other financial responsibilities such as rent,
utility bills, car insurance, groceries, laundry expenses, gas,
day care, etc., and feel free to decline credit offers.
In the beginning of your adventure with new credit accounts, it
can be very exciting to have several creditors offering
advances, it can be an uplifting and powerful event, however,
pursue with caution in order to maintain a healthy credit rating
and score. Keep your credit history in mind and respect the
great task that you have accomplished by establishing credit
with caution.
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
|
|
|
|
|
| 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 |
|
|